US Textile Recycling Market Growth, Trends, Size, Revenue, Opportunities and Future Outlook
United States Textile Recycling Market Size- By Product Type, By Textile Wastes, By Distribution Channels, By End Use - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FMCG2442 | Pages: 1 - 103 | Formats*: |
| Category : Consumer & Retail | |||
United States Textile Recycling Market Introduction and Overview
According to SPER Market Research, the United States Textile Recycling Market is estimated to reach USD 3.38 Billion by 2033 with a CAGR of 7.1%.
The report includes an in-depth analysis of the United States Textile Recycling Market, including market size and trends, product mix, applications, and supplier analysis. The process of gathering, classifying, and repurposing worn or discarded textiles into new goods or materials is known as textile recycling. It uses a variety of recycling techniques to prolong the life of textiles and keep them out of landfills. Additionally, it lessens waste, conserves resources, and lessens the environmental effect of textile production. Furthermore, without requiring considerable recycling, textiles that are still in good condition can be directly reused or repurposed. These textiles can be repurposed into new products through imaginative redesign, marketed as used apparel or home goods, or donated to charitable organisations.
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Market Opportunities and Challenges
There are several major trends and drivers driving the market's current strong expansion. The market is being driven primarily by the growing awareness of the environmental impact of textile waste and the increased emphasis on sustainability. The quality and variety of recovered textiles can be enhanced, creating new market opportunities, with further developments in recycling technologies such as chemical recycling and fibre regeneration. The market is expanding due to the growing demand for sustainable and recycled fabrics. Customers are actively looking for ecologically friendly items and are growing more aware of the impact of their purchases. Because they provide a more environmentally friendly option to traditional materials, recycled textiles are in high demand as a result of this change in consumer behaviour. In addition, government assistance and regulatory actions are propelling the market. This covers the prohibition of textiles from landfills and the advocacy of extended producer responsibility, which holds producers accountable for the handling of their goods' end-of-life issues.
There are a number of obstacles facing the US textile recycling sector. First, low participation rates are caused by a lack of knowledge about the availability and advantages of textile recycling among enterprises and customers. In addition, poor infrastructure and ineffective collecting methods make it logistically difficult to gather and sort worn textiles. Adoption of recycled textiles in some applications is also hindered by questions over their performance and quality in comparison to virgin materials. The potential for market expansion is further hampered by the fact that the infrastructure for textile recycling is still in its infancy, with few facilities and processing capacities.
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Market Competitive Landscape
The major key players in the United States Textile Recycling Market are: 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. To improve client accessibility and convenience, leading industry players are currently improving their collecting infrastructure for textile recycling. This entails expanding the quantity of collecting bins, working with merchants to host collection locations, and implementing cutting-edge techniques like mobile units. In order to increase their market presence, they are also partnering with stakeholders and investigating cutting-edge recycling methods.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Textile Wastes, By Distribution Channels, By End Use |
| Regions covered | Midwest Region, Northeast Region, South Region, West Region |
| Companies Covered | 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 |
COVID-19 Impact on United States Textile Recycling Market
The US business for textile recycling has been greatly disrupted by the COVID-19 outbreak. Restrictions and lockdowns have caused supply networks to break, which has decreased the amount of worn textiles being collected from homes and businesses. The problems were made worse by recycling plants closing and a decline in the market for recycled goods. Textile processing and sorting have also been hampered by hygienic regulations and safety concerns. The market for textile recycling has grown more slowly as a result of these disturbances, and the industry's recovery has been difficult.
Key Target Audience
- Textile manufacturers and brands
- Retailers and fashion companies
- Waste management and recycling companies
- Government and regulatory bodies
- Consumers and households
- Textile and fashion industry associations
- Research institutions and academia
- Textile recycling technology providers
- Textile and apparel industry suppliers and service providers
- Others
Our in-depth analysis of the United States Textile Recycling Market includes the following segments:
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| By Textile Wastes: |
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| By Distribution Channels: |
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| By End Use: |
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Key Topics Covered in the Report
- United States Textile Recycling Market Size (FY’2024-FY’2033)
- Overview of United States Textile Recycling Market
- Segmentation of United States Textile Recycling Market By Product Type (Cotton Recycling, Nylon & Nylon Fibre Recycling, Polyester & Polyester Fibre Recycling, Wool Recycling, Others)
- Segmentation of United States Textile Recycling Market By Textile Wastes (Post-consumer Textile, Pre-consumer Textile)
- Segmentation of United States Textile Recycling Market By Distribution Channels (Online Channel, Retail & Departmental Stores)
- Segmentation of United States Textile Recycling Market By End Use (Apparel, Home Furnishings, Industrial, Non-woven, Others)
- Statistical Snap of United States Textile Recycling Market
- Expansion Analysis of United States Textile Recycling Market
- Problems and Obstacles in United States Textile Recycling Market
- Competitive Landscape in the United States Textile Recycling Market
- Impact of COVID-19 and Demonetization on United States Textile Recycling Market
- Details on Current Investment in United States Textile Recycling Market
- Competitive Analysis of United States Textile Recycling Market
- Prominent Players in the United States Textile Recycling Market
- SWOT Analysis of United States Textile Recycling Market
- United States Textile Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Textile Recycling Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Textile Recycling Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Textile Recycling Market
7. United States Textile Recycling Market, By Product Type (USD Million)
7.1. United States Textile Recycling Market Value Share and Forecast, By Product Type, 2024-20337.2. Cotton Recycling7.3. Nylon & Nylon Fibre Recycling7.4. Polyester & Polyester Fibre Recycling7.5. Wool Recycling7.6. Others
8. United States Textile Recycling Market, By Textile Wastes (USD Million)
8.1. United States Textile Recycling Market Value Share and Forecast, By Textile Wastes, 2024-20338.2. Post-consumer Textile8.3. Pre-consumer Textile
9. United States Textile Recycling Market, By Distribution Channels (USD Million)
9.1. United States Textile Recycling Market Value Share and Forecast, By Distribution Channels, 2024-20339.2. Online Channel9.3. Retail & Departmental Stores
10. United States Textile Recycling Market, By End Use (USD Million)
10.1. United States Textile Recycling Market Value Share and Forecast, By End Use, 2024-203310.2. Apparel10.3. Home Furnishings10.4. Industrial10.5. Non-woven10.6. Others
11. United States Textile Recycling Market Forecast, 2020-2033 (USD Million)
11.1. United States Textile Recycling Market Size and Market Share
12. United States Textile Recycling Market, By Product Type, 2020-2033 (USD Million)
12.1. United States Textile Recycling Market Size and Market Share By Product Type (2020-2026)12.2. United States Textile Recycling Market Size and Market Share By Product Type (2027-2033)
13. United States Textile Recycling Market, By Textile Wastes, 2020-2033 (USD Million)
13.1. United States Textile Recycling Market Size and Market Share By Textile Wastes (2020-2026)13.2. United States Textile Recycling Market Size and Market Share By Textile Wastes (2027-2033)
14. United States Textile Recycling Market, By Distribution Channels, 2020-2033 (USD Million)
14.1. United States Textile Recycling Market Size and Market Share By Distribution Channels (2020-2026)14.2. United States Textile Recycling Market Size and Market Share By Distribution Channels (2027-2033)
15. United States Textile Recycling Market, By End Use, 2020-2033 (USD Million)
15.1. United States Textile Recycling Market Size and Market Share By End Use (2020-2026)15.2. United States Textile Recycling Market Size and Market Share By End Use (2027-2033)
16. United States Textile Recycling Market, By Region, 2020-2033 (USD Million)
16.1. United States Textile Recycling Market Size and Market Share By Region (2020-2026)16.2. United States Textile Recycling Market Size and Market Share By Region (2027-2033)16.3. Midwest Region16.4. Northeast Region16.5. South Region16.6. West Region
17. Company Profile
17.1. American-Recyclers
17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments
17.2. Ambercycle, Inc.
17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments
17.3. Circ LLC
17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments
17.4. Evrnu Inc.
17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments
17.5. For Days, Inc.
17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments
17.6. Lenzing AG
17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments
17.7. Martex Fiber
17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments
17.8. Natural Fiber Welding, Inc.
17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments
17.9. Protein Evolution, Inc.
17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments
17.10. Unifi, Inc.
17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Textile Recycling Market Segment is covered By Product Type, By Textile Wastes, By Distribution Channels, By End Use.
The North America is anticipated to have the highest Market share in the United States Textile Recycling Market.
The key players in the Market include Companies Covered 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
The process of gathering, classifying, and repurposing worn or discarded textiles into new goods or materials is known as textile recycling.
United States Textile Recycling Market is projected to reach USD 3.38 billion by 2033, growing at a CAGR of 8.2% during the forecast period.
United States Textile Recycling Market grew in Market size from 2022. The Market is expected to reach USD 3.38 billion by 2033, at a CAGR of 8.2% during the forecast period.
United States Textile Recycling Market CAGR of 8.2% during the forecast period.
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United States Textile Recycling Market size is USD 3.38 billion from 2023 to 2033.
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