According to the latest report by IMARC Group, titled “India Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The India textile recycling market size reached US$ 308.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 375.0 Million by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
Textile recycling refers to the process of reprocessing and reusing scraps, old clothing, fibrous waste materials, etc. Discarded pieces of fabrics are gathered from different sources and then sorted and processed depending upon their composition, condition, and resale value. Textile recycling offers several economic and environmental benefits in reducing land and water pollution, limiting the use of chemical dyes, optimal energy and water consumption, controlling dependence on virgin fibers, etc. As a result, it finds extensive applications across diverse industries, such as apparel, automotive, construction, mining, etc.
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India Textile Recycling Market Trends and Drivers:
The rising environmental concerns towards greenhouse gas emissions during the manufacturing of polyester and synthetic fabrics are augmenting the India textile recycling market. Apart from this, the escalating demand for recycled textiles to reduce waste incineration, depletion of raw materials, heavy industrial discharges from textile mills, etc., is also creating a positive outlook for the regional market. Furthermore, several companies and non-government organizations (NGOs) are promoting textile recycling in the country by undertaking numerous initiatives. Some of these include the installation of cloth collection bins throughout public places and door-to-door pickup of old clothes. Moreover, the development of eco-clothes created from recycled textiles, plastics, and other organic raw materials is anticipated to stimulate the market for textile recycling in India over the coming years.
India Textile Recycling Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis on region, product type, textile waste, distribution channel and end use.
Breakup by Product Type:
- Cotton Recycling
- Wool Recycling
- Polyester & Polyester Fibre Recycling
- Nylon & Nylon Fibre Recycling
- Others
Breakup by Textile Waste:
- Pre-consumer Textile
- Post-consumer Textile
Breakup by Distribution Channel:
- Online Channel
- Retail & Departmental Stores
Breakup by End Use:
- Apparel
- Industrial
- Home Furnishings
- Non-woven
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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