The United States textile recycling market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.
Textile recycling is a method of reusing and reprocessing scraps, old clothing items, and fibrous waste materials. These materials are obtained from discarded clothes, footwear, tires, carpets, furniture, and other non-durable goods, such as sheets and towels. Textile recycling provides several environmental and economic benefits, such as minimizing dependence on virgin fibers, consumption of energy and water, preventing the use of chemical dyes and reducing land and water pollution. Consequently, recycled textiles find extensive application in home furnishings, apparel, construction, automotive, and mining sectors across the United States.
Increasing concerns about waste incineration, depletion of raw materials like wool and silk, and heavy industrial discharges from textile mills represent one of the major factors strengthening the market growth in the United States. Apart from this, rising public awareness about the importance of recycling old clothes and the increasing number of collection bins for cloth sorting are driving the market. However, the recycling companies and traders are struggling to continue their production. This can be accredited to the outbreak of coronavirus disease (COVID-19) and lockdown restrictions imposed by the US Government for promoting social distancing measures. The market is expected to recover once normalcy is regained.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States textile recycling market report, along with forecasts at the country and regional level from 2023-2028. 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
Breakup by Textile Waste:
- Pre-consumer Textile
- Post-consumer Textile
Breakup by Distribution Channel:
- Online Channel
- Retail & Departmental Stores
Breakup by End Use:
- Home Furnishings
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Product Type, Textile Waste, Distribution Channel, End Use, Region
||Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States textile recycling market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States textile recycling market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the textile waste?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States textile recycling market and who are the key players?
- What is the degree of competition in the industry?