IMARC Group, a leading market research company, has recently releases report titled “ India Textile Recycling Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 , ” The study provides a detailed analysis of the textile recycling industry in India , including the market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advances in the market. Report Highlights
How big is the India Textile Recycling Market?
| Report Attributes | Details |
| Market Size in 2022 | US$308.7 million |
| Market forecast in 2028 | US$375.0 million |
| Growth rate (2023 to 2028) | CAGR of 3.4% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is India Textile Recycling?
Textile recycling represents the method of reusing and reprocessing old clothing, scraps, fibrous waste materials, etc. The most common sources of these materials are discarded clothes, carpets, tires, furniture, footwear, and other non-durable goods, such as sheets and towels. Textile recycling offers numerous environmental and economic benefits, including reducing land and water pollution levels, curbing usage of chemical dyes, minimizing dependence on virgin fibers, optimum consumption of energy, etc. Consequently, it finds extensive applications in several industries, such as retail, automotive, mining, construction, etc., across India. Request Free Sample Report: https://www.imarcgroup.com/india-textile-recycling-market/requestsampleWhat are the growth prospects and trends in the India Textile Recycling industry?
The emerging trend of sustainable fashion and the escalating demand for clothes with greater ecological integrity, on account of the increasing consumer awareness towards the detrimental effects of producing new apparel on the environment, is among the key factors stimulating the India textile recycling market. Additionally, the inflating popularity of eco-clothes made of plastics, recycled textiles, and other organic raw materials that aid in minimizing landfill spaces and waste incineration is further catalyzing the market growth. Besides this, government bodies and non-government organizations (NGOs) are launching door-to-door clothes pickup programs and installing collection bins in public places, such as parking spaces, parks, shopping malls, etc., which is acting as another significant growth-inducing factor. Moreover, the rising number of textile waste and continuous improvements in recycling techniques are propellant the market growth. Apart from this, various technological advances and the growing penetration of automation in textile recycling processes are also bolstering the market growth across the country. Furthermore, extensive R&D activities by leading manufacturers are anticipated to fuel the India textile recycling market over the forecasted period.What is included in market segmentation?
The report has segmented the market on the basis on region, product type, textile waste, distribution channel and end use. Breakup by Product Type:- Cotton recycling
- Wool recycling
- Polyester & Polyester Fiber Recycling
- Nylon & Nylon Fiber Recycling
- Others
- Preconsumer Textile
- Post-consumer Textile
- Online Channel
- Retail & Departmental Stores
- Apparel
- Industrial
- Home Furnishings
- Non-woven
- Others
- North India
- West and Central India
- South India
- East India