Textile Recycling Market to Hit $8.5 Bn By 2032, Says Global Market Insights Inc.
Major textile recycling market participants include Lenzing AG, Hysong TNC, Birla Cellulose, Unifi INC, Renewcell, Textile Recycling International, Patagonia Inc, Leigh Fibers, The Woolmark Company, and Martex Fiber, among others.
Selbyville, Delaware,, May 04, 2023 (GLOBE NEWSWIRE) —
The textile recycling market valuation is projected to surpass USD 8.5 billion by 2032, as reported in a from the home furnishing waste segment is predicted to reach USD 2 billion by 2032. Home furnishing waste is generated by the production and consumption of household goods, such as furniture, appliances, and textiles, which are derived from different sources, including discarded items, manufacturing scraps, and unsold inventory. Appliances waste every year is contributing to the segment expansion. The EPA speculates that the U.S. produces over 2 tons of small appliance waste, of which about 5.6% gets recycled.
North America textile recycling market is slated to expand at nearly 4% gains through 2032 attributed to factors including the widespread awareness of the environmental impact of textile waste, changing consumer attitudes towards sustainability, and supportive government programs to promote a circular economy and reduce waste.
The strategic landscape of the textile recycling business is expected to witness a series of strategic partnerships and organic collaborations by industry players. The project will be focused on R&D on PET yarn through cooperation with Textile Research Group. Some of the key players profiled in the textile recycling market report include Lenzing AG, Hysong TNC, Birla Cellulose, Unifi INC, Renewcell, The Woolmark Company, and Martex Fiber, among others.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Textile Recycling industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Technology trends
2.1.3 Material trends
2.1.4 Waste trends
2.1.5 End use trends
2.1.6 Source trends
2.1.7 Regional trends
Chapter 3 Global Textile Recycling Industry Insights
3.1 Industry segmentation
3.2 Industry Ecosystem
3.3 Technology landscape
3.4 Regulatory landscape
3.5 Pricing analysis, by region,2018-2032
3.6 Industry impact forces
3.7 Innovation and sustainability
3.8 Growth potential analysis, 2022
3.9 Porter’s analysis
3.10 PESTEL analysis
3.11 Impact of the COVID-19 on Textile Recycling market
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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