According to the latest report by IMARC Group, titled “India Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” India textile recycling market is expected to grow at a CAGR of 3.6% during 2022-2027. Textile recycling refers to the process of recovering and reprocessing waste clothing scraps and fibrous materials into useful products. Discarded pieces of clothing are gathered from different sources and then sorted and processed depending upon their composition, condition, and resale value. Textile recycling offers several ecological and economic benefits, such as reducing land and water pollution and dependence on raw materials, along with significantly minimizing the cost of waste disposal. This, in turn, ensures environmental sustainability, and therefore, recycled textile products are widely being preferred across various industries for several applications.
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.
India Textile Recycling Market Trends:
The emerging trend of sustainable fashion due to rising environmental concerns represents the key factor driving the India textile recycling market growth. The increasing demand for apparel with greater ecological integrity, along with the rising awareness regarding the detrimental effects of producing new clothes on the environment, is further facilitating the adoption of textile recycling across the country. Other than this, various companies and non-governmental organizations (NGOs) are undertaking initiatives to promote textile recycling in the country. These include door-to-door clothes pickup programs and the installation of collection bins in public places, which is creating a positive outlook for the market. Additionally, market players are continuously investing in research and development (R&D) activities to improve recycling techniques and introduce solutions to cope with the increasing textile waste. This, in turn, is acting as another major growth-inducing factor in the India textile recycling market.
- Based on the product type, the market has been divided into cotton, wool, polyester & polyester fibre, nylon & nylon fibre recycling, and others.
- On the basis of the textile waste, the market has been bifurcated into pre-consumer and post-consumer textile.
- Based on the distribution channel, the market has been segmented into online channels, and retail & 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 segregated into North, West and Central, South, and East India.
- The competitive landscape of the industry has also been examined along with the profiles of the key players.
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