The clothing recycling market is expected to reach a value of USD 6,491.0 million by the end of 2023. With increasing awareness about the circular economy movement, the demand for clothing recycling is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.9% until 2033. The overall acceptance and utilization of clothing recycling methods remain high, with an estimated value of USD 18,265.4 million by 2033.
he textile industry is undergoing a transformative shift, with sustainability emerging as the driving force. As environmental concerns escalate, textile recycling is gaining significant traction as a viable solution for reducing our carbon footprint.
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Here’s what’s fueling the textile recycling revolution:
- Sustainability as a Priority: Environmental consciousness is at an all-time high. Textile recycling offers a responsible approach to fashion, minimizing waste and conserving resources.
- Closing the Loop with Convenience: Forward-thinking companies are making textile recycling easier than ever. Convenient doorstep pick-up programs allow consumers to effortlessly discard unwanted clothing. Additionally, strategically placed collection bins in public spaces like parks, streets, and shopping centers provide additional drop-off options.
- Spreading the Word: Recycling companies are actively raising awareness about clothing reuse. Educational campaigns and accessible recycling methods are empowering consumers to participate in the solution.
Innovation Propels Progress:
Technological advancements are further bolstering the growth of the textile recycling market. Upgraded automation processes within processing units are streamlining operations and optimizing efficiency.
A shining example is the Textile for Textile (T4T) initiative:
Spearheaded by the European Commission, this eco-innovation project utilizes near-infrared (NIR) spectroscopy technology to automate sorting within the recycled textile sector. This advancement ensures precise material identification, leading to higher-quality recycled textiles.
The advent of eco-clothes that are composed of recycled fabrics, plastics, and other raw materials is also catering to the market growth of clothing recycling. Companies are making decisive and concerted efforts in the direction of sustainability to make circularity a new standard in the fashion and apparel industry.
Garments’ new future involves using recycled materials that can be recycled more than once.
Top Highlights from the FMI’s Analysis of the Clothing Recycling Market:
- Demand for clothing recycling in Europe is overriding that of other regions. The region acquired a 25.7% market share in 2022.
- North America is following in the tracks of Europe, following behind with almost 2%. In 2022, North America captured 23.9% share of the overall market.
- The United States acquired 19.4% of the overall market share in the historical period.
- The German market gained 6.5% of the global market in 2022.
- The Japanese market acquired 4.3% of the global market in 2022.
- India is projected to observe explosive growth in the forecast period, expanding at a CAGR of 14.6%.
- China is expected to register a CAGR of 12.4% in the forecast period.
- The United Kingdom is estimated to pace at a CAGR of 9.4% over the estimated time-period.
- By clothing type, the polyester segment is projected to gain more than 35.4% value share over the forecast period.
- In 2022, the apparel segment gained a 29.5% market share.
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Key Players
Other Players Operating in the Clothing Recycling Market include:
- Worn Again Technologies
- Evrnu SPC
- Carbios
- I:Collect GmbH
- Renewcell
- Fabscrap
- Infinited Fiber Company
- PurFi Global LLC
- MUD Jeans International B.V.
- CuRe Technology
- Birla Cellulose
Keeping up with the New Innovations in Clothing Recycling Industry:
- In March 2023, Re/DRESS, an entirely recycled/ upcycled textile fashion brand, was introduced in Dhaka. Thought innovation and development of fashion products by Re/DRESS happen in Bangladesh. The brand offers a unisex collection made of breathable, soft knit, and woven textiles made of almost 100% recycled plastic bottles and cotton waste. As a social enterprise, it promotes responsible fashion.
- In May 2022, Shein, a global e-retailer of fashion, lifestyle, and beauty products, unveiled evoluSHEIN, which is a recycled clothing line. Underpinned by responsibly-sourced materials and inclusive sizing, the latest line is proving itself as an affordable option for customers practicing deliberate and eco-conscious shopping. The debut of evoluSHEIN observed recycled polyester, made of plastic waste, as a key feature. Customers further support Vital Voices, a leading NGO that financially supports women leaders, by shopping for evoluSHEIN clothing.
- In April 2023, Zara, a Spanish retail clothing chain, partnered with Circ, which is a fashion technology firm that upcycles textile waste. The aim of this partnership, as revealed by these firms, is to offer a recycled textile women’s capsule collection. The recycled textile is sourced from polycotton textile waste. The collection is presently distributed in 11 markets.
- In January 2022, Rent the Runway introduced a project to reprocess fast fashion garments. The program is part of their anti-fast fashion campaign popularized as “Fast Fashion Free”. For this initiative, the company aimed its resources to gather “unwearable” and cast-off fast fashion products and recycle them in January. The recycled clothing is expected to be transformed into an insulation material for new buildings and houses.
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Key Segments
By Type:
- Cotton Recycling
- Nylon Recycling
- Wool Recycling
- Polyester Recycling
- Other Fiber Recycling
By End-use:
- Apparel
- Industrial
- Home Furnishings
- Non-woven
- Other
By Waste Type:
- Pre-consumer
- Post-consumer
By Recycling Type:
- Mechanical Recycling
- Chemical Recycling
By Distribution Channel:
- Online Channel
- Retail & Departmental Store
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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