Future Market Insights recently launched a report on the Clothing Recycling Market which was anticipated to be valued at USD $ 5.8m in 2022.
The report also highlighted key trends that are influencing the clothing recycling market; textile to textile recycling and the circular model, growing usage of recycled fibres, high investment of sustainable fabrics in healthcare and making the best out of waste.
In the report’s segment wise analysis, it was found that recycled polyester is the most popular type of clothing due to its unique properties of stretching, chemical resistance, and durability and that the demand for recycled nylon has also been increasing as it consumes less energy and emits less carbon dioxide.
The retail sector is likely to remain a key contributor to the clothing recycling market with Europe being the most dominant in the sustainable clothing recycling industry. North America stands at the second position with a share of 24 percent in the global market in 2022. In India, numerous start-ups are emerging and exhibiting excellent capabilities to recycle textiles using different modes like Ecohike, who have invested in the R&D facility for turning trashed PET water bottles into T-shirts.
The report also gives a shoutout to three companies that are making serious innovations in the recycled clothing industry - Blue Jeans Go Green, Circulose, and Circ.
