According to the latest report by IMARC Group, titled “India Textile Recycling Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the market is projected to experience steady growth during the forecast period (2021-2026).
Textile recycling is the method of reusing and reprocessing scraps, fibrous waste materials, fabric, etc. These materials consist of discarded clothes, carpets, footwear, furniture, tires, and other non-durable goods. Textile recycling offers numerous economic and environmental benefits, such as curbing chemical dyes, optimum energy and water consumption, minimizing land and water pollution, reducing dependence on virgin fibers, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
India Textile Recycling Market Trends:
The increasing environmental concerns towards the emission of greenhouse gases during the production of synthetic and polyester fabrics are driving the India textile recycling market. In addition to this, the rising demand for recycled textiles to minimize waste incineration, heavy industrial discharges from textile mills, depletion of raw materials, etc., is also propelling the market growth. Furthermore, various recycling companies and non-government organizations (NGOs) are undertaking numerous initiatives to promote textile recycling in the country. Some of these initiatives include door-to-door pickup of old garments and the installation of cloth collection bins across public places. Besides this, the introduction of eco-clothes made out of recycled textiles, plastics, and other organic raw materials is expected to fuel the market for textile recycling in India over the coming years.
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India Textile Recycling Market 2021-2026 Analysis and Segmentation:
Breakup by Product Type:
- Cotton Recycling
- Wool Recycling
- Polyester & Polyester Fibre Recycling
- Nylon & Nylon Fibre Recycling
Breakup by Textile Waste:
- Pre-consumer Textile
- Post-consumer Textile
Breakup by Distribution Channel:
- Online Channel
- Retail & Departmental Stores
Breakup by End Use:
- Home Furnishings
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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