High production of polyester and synthetic fabrics for fast fashion yields extreme levels of GHG emissions. Consequently, creating a dire need for recycled fabrics on a global scale.
The clothing recycling market is forecast to expand at 10.9% CAGR over the estimated time period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 6,491.0 million in 2023.
The clothing recycling industry is projected to observe a seismic shift in the upcoming years. The rising quotient of the eco-conscious and discernible population is uplifting the market trajectory. To promote sustainability, clothing recycling manufacturers aim to resolve the issue of depleting raw materials like wool, silk, etc., substantial industrial discharge from textile mills, and waste incineration.
High production of polyester and synthetic fabrics for fast fashion yields extreme levels of GHG emissions. Consequently, creating a dire need for recycled fabrics on a global scale.
Many recycling firms are introducing informative campaigns about textile recycling, coupled with door-to-door pickup programs to collect old and worn-out garments. Thus, promoting awareness about clothing recycling. In addition, these firms are further embracing distinctive strategies to pick up post-consumer clothing garments by installing cloth bins in public spaces like parks, walkways, shopping malls, and other commonly frequented areas.
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Advancing technology and equipping processing units with newly upgraded automation processes are expected to further stimulate market growth. The European Commission-led eco-innovation initiative called Textile for Textile (T4T) is a good case in point. This initiative has introduced near-infrared (NIR)-spectroscopy technology to execute automated sorting applications in the recycled textile sector.
The advent of eco-clothes that are composed of recycled fabrics, plastics, and other raw materials is also catering to the market growth of clothing recycling. Companies are making decisive and concerted efforts in the direction of sustainability to make circularity a new standard in the fashion and apparel industry.
Garments’ new future involves using recycled materials that can be recycled more than once.
Top Highlights from the FMI’s Analysis of the Clothing Recycling Market:
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Feb 06, 2024