Asia Pacific Textile Recycling Market Report by Product Type (Cotton Recycling, Wool Recycling, Polyester & Polyester Fibre Recycling, Nylon & Nylon Fibre Recycling, and Others), Textile Waste (Pre-consumer Textile, Post-consumer Textile), Distribution Channel (Online Channel, Retail & Departmental Stores), End Use (Apparel, Industrial, Home Furnishings, Non-woven, and Others), and Country 2024-2032
The Asia Pacific textile recycling market size reached US$ 1.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.8 Billion
Market Forecast in 2032
US$ 2.2 Billion
Market Growth Rate (2024-2032)
2.6%
Textile recycling assists in reusing and reprocessing old clothes, scraps, and fibrous waste materials. It helps reduce land and water pollution, minimize dependence on virgin fibers, and optimize the consumption of energy and water. As a result, it finds extensive application in apparel, automotive, construction, mining, and retail sectors across the Asia Pacific region.
The rising demand for recycled textiles on account of the increasing environmental concerns among individuals represents one of the primary factors propelling the growth of the market in the Asia Pacific region. Besides this, on account of their comfort and associated benefits, there is a significant shift towards home textiles. This is offering lucrative opportunities to leading players operating in the industry.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific textile recycling market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on 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 Country:
China
Japan
India
South Korea
Australia
Indonesia
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, Textile Waste, Distribution Channel, End Use, Country
Countries Covered
China, Japan, India, South Korea, Australia, Indonesia, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Asia Pacific textile recycling market was valued at US$ 1.8 Billion in 2023.
We expect the Asia Pacific textile recycling market to exhibit a CAGR of 2.6% during 2024-2032.
The rising adoption of textile recycling as it offers various economic and environmental benefits, including preventing the use of chemical dyes, reducing water and land pollution levels, minimizing dependence on virgin fibers, etc., is primarily driving the Asia Pacific textile recycling market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations, resulting in the temporary halt in numerous production activities for textile recycling.
Based on the product type, the Asia Pacific textile recycling market has been divided into cotton recycling, wool recycling, polyester & polyester fiber recycling, nylon & nylon fiber recycling, and others. Currently, polyester & polyester fiber recycling exhibits a clear dominance in the market.
Based on the textile waste, the Asia Pacific textile recycling market can be categorized into pre-consumer textile and post-consumer textile, where pre-consumer textile holds the majority of the total market share.
Based on the distribution channel, the Asia Pacific textile recycling market has been segmented into online channel and retail & departmental stores. Currently, retail & departmental stores exhibit a clear dominance in the market.
Based on the end use, the Asia Pacific textile recycling market can be bifurcated into apparel, industrial, home furnishings, non-woven, and others. Among these, apparel accounts for the largest market share.
On a regional level, the market has been classified into China, Japan, India, South Korea, Australia, Indonesia, and others, where China currently dominates the Asia Pacific textile recycling market.
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