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Europe Textile Recycling Market to Reach US$ 1,646 Million by 2027, Impelled by Rising Environmental Concerns

Published on Nov 14, 2022

The latest report by IMARC Group, titled “Europe Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the Europe textile recycling market reached US$ 1,445 Million in 2021. Textile recycling refers to the process of reusing scraps, old clothing items, and fibrous waste materials obtained from discarded footwear, tires, carpets, clothes, furniture, and other non-durable goods. It provides several economic and environmental benefits, such as minimizing dependence on virgin fibers and water and energy consumption, reducing land and water pollution, and preventing the usage of chemical dyes. As a result, recycled textiles are widely utilized in apparel, construction, home furnishings, automotive, and mining sectors across Europe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Europe Textile Recycling Market Trends:

The market is primarily driven by rising environmental concerns and increasing consciousness about reusing and recycling old clothes among the masses. In addition, the increasing automation in the recycled textile industry represents another major growth-inducing factor. Besides this, various recycling companies are introducing door-to-door pickup programs. This, coupled with the implementation of favorable government initiatives, is positively influencing market growth. For instance, European Commission launched Textile for Textile (T4T), an eco-friendly initiative that has introduced near-infrared (NIR)-spectroscopy technology to perform automated sorting applications. Moreover, the escalating demand for eco-clothes made up of recycled plastics, textiles, and other organic raw materials that helps in waste reduction is propelling the market growth. Looking forward, IMARC Group expects the market to reach US$ 1,646 Million by 2027, exhibiting a growth rate (CAGR) of 2.2% during 2022-2027.

Market Summary:

  • Based on the product type, the market has been categorized into cotton, wool, polyester and polyester fiber, nylon and nylon fiber, and other recycling.
  • On the basis of textile waste, the market has been bifurcated into pre-consumer and post-consumer textiles.
  • Based on the distribution channel, the market has been segmented into online channels, and retail and departmental stores.
  • On the basis of the end use, the market has been classified into apparel, industrial, home furnishings, non-woven, and others.
  • Region-wise, the market has been divided into Germany, France, the United Kingdom, Italy, Spain, and others.
  • The competitive landscape of the market has been examined in the report, along with the profiles of key players operating in the industry.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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