US Textile Recycling Market Share, Revenue, Trends, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033


US Textile Recycling Market Share, Revenue, Trends, Growth Drivers, Challenges, Key Players and Future Investment Strategies Till 2033: SPER Market Research

 Category : Consumer & Retail

 Published: Feb-2024
 Author: SPER Analyst

United States Textile Recycling Market is projected to be worth USD 3.38 Billion by 2033 with a CAGR of 7.1%.

The process of collecting, classifying, and processing used textiles to create new products is known as textile recycling. It includes a number of procedures like shredding, spinning, weaving, and dying in order to produce recycled textiles that can be used to make industrial products, home furnishings, and apparel. Textile recycling lessens the textile industry's negative environmental effects, conserves resources, and keeps textiles out of landfills.

United States Textile Recycling Market Driving Factors and Challenges

Growing consumer awareness of environmental issues is one of the main factors propelling the US textile recycling market. People are growing more aware of how their usage of textiles and apparel affects the environment. A more environmentally friendly option to throwing away clothing in landfills is to recycle textiles. In the US, there has been a discernible shift towards sustainability and environmental consciousness in both industry operations and consumer behaviour. The need for sustainable products is growing as a result of growing awareness of the damaging effects textile waste has on the environment and the significance of resource conservation. Today's consumers actively seek out eco-friendly products and are more conscious of the clothes they purchase. Retailers and fashion brands have been forced to adapt to this change by incorporating recycled materials into their products, for example. To encourage diversion to recycling facilities, a number of state and local governments have also imposed or proposed landfill limitations on textile waste. Governments also sponsor educational programmes and offer financial assistance to encourage the use of textile recycling.

There are various obstacles facing the US market for recycled textiles. First of all, low participation rates are caused by a lack of knowledge among businesses and consumers about the availability and advantages of textile recycling. Inadequate infrastructure and ineffective collecting methods also create logistical difficulties for the collection and sorting of worn textiles. Recycled textiles are not as widely used in some applications as virgin materials due to quality and performance issues. Furthermore, the market infrastructure for textile recycling is still developing, with few facilities and processing capacities, which limits the market's potential for expansion.

Impact of COVID-19 on United States Textile Recycling Market
The US textile recycling sector has been severely hit by the COVID-19 outbreak. Restrictions and lockdowns have thrown off supply networks, making it harder to collect worn textiles from homes and businesses. The difficulties were made worse by the closure of recycling facilities and a decline in the market for recovered goods. The sorting and processing of textiles has also been hampered by hygienic requirements and safety concerns. These setbacks have hindered the market's expansion for recycled textiles and made it more difficult for the sector to rebound.

United States Textile Recycling Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; American-Recyclers, Ambercycle, Inc., Circ LLC, Evrnu Inc., For Days, Inc., Lenzing AG, Martex Fiber, Natural Fiber Welding, Inc., Protein Evolution, Inc., Unifi, Inc., Others.

United States Textile Recycling Market Segmentation:

By Product Type: Based on the Product Type, United States Textile Recycling Market is segmented as; Cotton Recycling, Nylon & Nylon Fibre Recycling, Polyester & Polyester Fibre Recycling, Wool Recycling, Others.

By Textile Wastes: Based on the Textile Wastes, United States Textile Recycling Market is segmented as; Post-consumer Textile, Pre-consumer Textile.

By Distribution Channels: Based on the Distribution Channels, United States Textile Recycling Market is segmented as; Online Channel, Retail & Departmental Stores.

By End Use: Based on the End Use, United States Textile Recycling Market is segmented as; Apparel, Home Furnishings, Industrial, Non-woven, Others.

By Region: This research also includes data for Midwest Region, Northeast Region, South Region, West Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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