IMARC Group’s latest report, titled “India Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the India textile recycling market size reached US$ 308.7 Million in 2022. Textile recycling involves recovering, reprocessing, and reusing fibrous waste materials and clothing scraps. These materials are usually obtained from discarded old clothes, carpets, furniture, tires, footwear, towels, and other sources and then sorted and processed according to their condition, composition, and resale value. It aids in minimizing land and water pollution, reducing the reliance on virgin raw materials, avoiding the use of harmful chemical dyes, and simultaneously lowering the cost of waste disposal. As a result, textile recycling is gaining immense traction in India due to its substantial economic and environmental benefits.
India Textile Recycling Market Trends:
In India, the rising trend of sustainable fashion coupled with the increasing consumer preferences for clothes with greater ecological integrity represents the primary factor driving the market growth. This can be attributed to the growing environmental consciousness and surging awareness levels about the detrimental effects of producing new apparel on the environment. Additionally, various recycling companies and non-government organizations (NGOs) are taking supportive initiatives to promote textile recycling across the country. For instance, they are organizing door-to-door clothes pickup programs and installing collection bins in public places, such as parking spaces, parks, and shopping malls. In line with this, the rising popularity of eco-clothes made of recycled textiles, plastics, and other organic raw materials that assist in minimizing landfill spaces and waste incineration, has catalyzed the market growth. Furthermore, ongoing technological advancements supported by the increasing penetration of automation in textile recycling processes have propelled market growth. Besides this, the growing concerns among the masses regarding heavy industrial discharges from textile mills and depleting raw materials have augmented the demand for textile recycling. Other factors, including the rising volumes of textile waste, continual improvements in recycling techniques, ongoing research and development (R&D) activities, and inflating levels of greenhouse gas emissions, are also providing a positive impact on the market growth. Looking forward, IMARC Group expects the market value to reach US$ 375.0 Million by 2028, expanding at a CAGR of 3.4% during 2023-2028.
- The market has been categorized based on the product type into cotton, wool, polyester and polyester fibre, nylon and nylon fibre, and other recycling.
- Based on the textile waste, the market has been bifurcated into pre-consumer and post-consumer textiles.
- On the basis of the distribution channel, the market has been classified as online channel and retail and departmental stores.
- The market has been segmented based on the end use into apparel, industrial, home furnishings, non-woven, and others.
- Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
- The competitive landscape of the market has also been analyzed, along with detailed profiles of the key players operating in the industry.
|Base Year of the Analysis
||Product Type, Textile Waste, Distribution Channel, End Use, Region
||North India, West and Central India, South India, East India
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