RECYCLED TEXTILE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Recycled Textile Market, By Material Type (Polyester, Cotton, Nylon, Wool, Viscose Rayon, and Others), By Textile Waste Source (Post-consumer, Pre-consumer/Post-industrial, Production Overruns, Pullouts, Export Seconds, and Others), By End-use Industry (Apparel, Home Furnishings, Automotive, Industrial, and Others), By Recycling Method (Mechanical, Chemical, Thermal, and Others), By Distribution Channel (Online, Retail Stores, Specialty Stores, Department Stores, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recycled Textile Market Regional Insights

North America is expected to be the largest market for recycled textiles during the forecast period, accounting for over 41% of the market share in 2023. The growth of the market in North America is attributed to stringent regulations, established recycling infrastructure, and rising awareness about sustainable fashion.
Asia Pacific is expected to be the second-largest market for recycled textiles, accounting for over 22% of the market share in 2023. The growth of the market in Asia Pacific is attributed to rapidly developing textile recycling capabilities and the large textile manufacturing industry.
Europe is expected to be the fastest-growing market for recycled textiles, which is expected to grow at a CAGR of over 6.2% during the forecast period. The growth of the market in Europe is attributed to high sustainability awareness and government support for textile recycling.

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East