New York, NY, Sept. 15, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Textile Recycling Market By Material (Cotton, Polyester, Wool, Polyamide, And Others), By Source (Apparel Waste, Home Furnishing Waste, Automotive Waste, And Others), By Process (Chemical And Mechanical), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Textile Recycling Market size & share in terms of revenue was valued at USD 24.1 billion in 2022 and it is expected to surpass around USD 5.3 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 3.5% during the forecast period 2023 to 2030.”
What is Textile Recycling? How big is the Textile Recycling Industry?
Report Overview:
The global textile recycling market size was worth around USD 4.1 billion in 2022 and is predicted to grow to around USD 5.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.5% between 2023 and 2030.
Textile recycling is the process of reprocessing and reusing worn textiles, scraps of textiles, and other fibrous waste materials. This method is also known as “upcycling.” These materials are often reclaimed from previously used articles of clothes, rugs, furniture, shoes, and tires, in addition to other non-permanent goods such as sheets…
