According to the latest report by IMARC Group, titled “Textile Recycling Market Share in India: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” The india textile recycling market is expected to experience steady growth during 2021-2026.
Textile recycling refers to the process of reprocessing and reusing scraps, old clothing, fibrous waste materials, etc. Discarded pieces of fabrics are gathered from different sources and then sorted and processed depending upon their composition, condition, and resale value. Textile recycling offers several economic and environmental benefits in reducing land and water pollution, limiting the use of chemical dyes, optimal energy and water consumption, controlling dependence on virgin fibers, etc. As a result, it finds extensive applications across diverse industries, such as apparel, automotive, construction, mining, 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 rising environmental concerns towards greenhouse gas emissions during the manufacturing of polyester and synthetic fabrics are augmenting the India textile recycling market. Apart from this, the escalating demand for recycled textiles to reduce waste incineration, depletion of raw materials, heavy industrial discharges from textile mills, etc., is also creating a positive outlook for the regional market. Furthermore, several companies and non-government organizations (NGOs) are promoting textile recycling in the country by undertaking numerous initiatives. Some of these include the installation of cloth collection bins throughout public places and door-to-door pickup of old clothes. Moreover, the development of eco-clothes created from recycled textiles, plastics, and other organic raw materials is anticipated to stimulate the market for textile recycling in India over the coming years.
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India Textile Recycling Market 2021-2026 Analysis and Segmentation:
The report has segmented on the basis of product type, textile waste, distribution channel, end use, region.
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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