Textile Recycling Market to Reach $11.88B Market by 2030

According to the report "Textile Recycling Market by Material, Waste Type, Process, Channel, End-Use, and Region – Global Forecast to 2030", the market is projected to grow from USD 8.41 billion in 2025 to USD 11.88 billion by 2030, with a CAGR of 7.2% between 2026 and 2030. Textile recycling refers to reclaiming fibers, yarns, or fabrics from used garments, production waste, or other textile discards, converting them into fresh materials through processes like mechanical shredding, chemical conversion, or thermal methods. This practice reduces landfill waste, conserves resources, and contributes to fashion circularity by turning textile waste into raw materials for garments, insulation, upholstery, and more. These recycled inputs serve a wide range of sectors, including apparel, home furnishing, and industrial uses.

Leading Companies in the Market Include:
Lenzing AG (Austria), Birla Cellulose (India), HYOSUNG TNC (South Korea), Unifi, Inc. (US), Renewcell (Sweden), and Patagonia, Inc. (US), among others.

Asia Pacific Expected to Lead the Market:
Asia Pacific is expected to hold the largest share due to its strong textile manufacturing base, sustainability awareness, and cost-effective labor and raw materials. Countries like China, India, Bangladesh, and Vietnam generate substantial pre-consumer textile waste. Rising consumption, growing economies, and government support for recycling infrastructure are driving demand. Global and local brands are investing in regional recycling plants and sourcing recycled fibers to meet ESG commitments. Companies such as Birla Cellulose, HYOSUNG TNC, and Usha Yarns are at the forefront.

Market Dynamics:

• Driver: Rising textile waste due to shorter clothing life cycles.
• Restraint: Use of hazardous chemicals in the recycling process.
• Opportunity: Growth potential in emerging markets.
• Challenge: Inadequate global systems to trace textile waste.