Europe Recycled Textile Market Growth Prospective, Forecasts- 2027

The Europe Recycled Textile Market is expected to grow from US$ 1432.21 million in 2019 to US$ 2,313.16 million by 2027; it is estimated to grow at a CAGR of 6.3% from 2020 to 2027.

The escalating global concern surrounding textile waste disposal and its detrimental environmental impact is a significant driver in the burgeoning Europe Recycled Textile Market. Textile manufacturing, a chemically intensive process, generates substantial waste throughout its operations, categorized as pre-consumer and post-consumer. This increasing volume of waste burdens landfills and poses challenges for effective disposal and incineration. Notably, incineration releases harmful substances like heavy metals, dioxins, acidic gases, and dust particles, while the resulting ash contains high concentrations of toxic materials, further compounding environmental issues. This pressing situation is fueling the demand for recycled textiles as a sustainable alternative.  

Europe Recycled Textile Market Introduction

Recycled textiles encompass old, used fabrics and unused textile remnants that are reclaimed for reuse through various recycling methods. This process addresses textile waste and repurposes reclaimed fibers across a diverse range of industries, thereby conserving natural resources and promoting environmental sustainability. In today's world, sustainability is paramount, and the growing anxieties associated with textile waste disposal are projected to generate substantial demand for recycled textiles in the years ahead, consequently propelling the growth of the recycled textile market.  

Europe Recycled Textile Regional Insights

The geographic scope of the Europe Recycled Textile market highlights the importance of understanding local nuances for businesses operating within the region. Diverse consumer preferences, such as varying demands for specific textile qualities or applications, coupled with differing economic landscapes and regulatory frameworks across European nations, necessitate tailored market strategies. The recent surge in COVID-19 cases, particularly in Russia, alongside significant impacts in Spain, Germany, France, and the UK, is anticipated to cause economic repercussions across various industries. Furthermore, the implementation of stringent measures and travel restrictions, including partial border closures by several member states, is expected to influence market dynamics within Europe. A focused market approach that acknowledges these regional distinctions allows businesses to more effectively allocate resources, implement targeted marketing efforts, and better position themselves against local competition, ultimately fostering growth within these specific European markets.

Europe Recycled Textile Market Segmentation

Europe Recycled Textile Market- by Type

• Recycled Cotton

• Recycled Wool

• Recycled Polyester

• Recycled Nylon

• Others

Europe Recycled Textile Market- by End- user Industry

• Automotive

• Retail

• Mining

• Others

Europe Recycled Textile Market- by Country

• Germany

• France

• Italy

• UK

• Russia

• Rest of Europe

Europe Recycled Textile Market Company Profiles

• Khaloom Textile India Pvt. Ltd.

• Kishco Group

• Anandi Enterprises

• Hyosung Corporation

• Leign Fibers Inc.

• Martex Fiber Southern Corporation

• Renewcell AB

• Boer Group

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights