Asia-Pacific Textile Recycling Market Introduction and Overview
According to SPER Market Research, Asia-Pacific Textile Recycling Market is estimated to reach USD 2.26 billion by 2033 with a CAGR of 2.87%.
The report includes an in-depth analysis of Asia-Pacific Textile Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Textile reusing is the cycle that uses utilized or disposed of attire, clothing, and stringy material from reusable and eco-accommodating items. Many waste textiles are cleaned, arranged, and transformed into recyclable strands for additional synthetic and mechanical cycles. These cycles transform the old textiles into new items, like, fleece covers, plant-accommodating yoga mats, and wall backdrops. The assembling of reused textiles has expanded in the past few years attributable to the ascent in the consciousness of feasible creation. Reusing textiles might decrease landfill space, ozone-harming substance discharges, energy utilization, and water contamination. Consequently, an ascent in the familiarity with feasible creation and expanding utilization of reused material items in the end-use industry is causing development. Accordingly, this system tracks down far and wide applications across different areas, like modern, home outfitting, attire, non-woven, and so on, across the district.
- March 2022: An agreement was inked by HYOSUNG TNC and TOPTEN to team up on the formation of top-notch harmless to the ecosystem items.
- May 2023: Various governments took on another guideline on waste textiles. The guideline means to diminish how much textile waste going to landfill and burning by expanding how much material waste that is reused.
Market Opportunities and Challenges
Opportunities- The rising customer interest in feasible and eco-accommodating styles presents a critical chance for the textile recycling market. As customers become more aware of the natural effect of the style business, there is a developing inclination for dresses produced using reused or upcycled materials. Government drives and guidelines pointed toward advancing manageable practices and lessening textile waste give an ideal climate for the development of the material reusing market. Numerous nations are carrying out arrangements to address the ecological effect of the material business, including setting focuses on reusing rates and advancing around economic standards. The arrangement of the material reusing industry with such administrative structures sets out open doors for organizations to partake in and benefit from government-upheld maintainability drives.
Challenges- One of the significant challenges hindering the development of the textile recycling market is the lack of an assortment framework. While there is a developing interest in textile reusing, the absence of legitimate assortment frameworks brings about a critical piece of materials winding up in landfills. Quality corruption during the recycling process and the predominance of downcycling present limitations in the textile recycling market. Mechanical recycling techniques might bring about filaments with decreased strength and sturdiness contrasted with virgin materials, prompting downcycling into lower-esteem items. This frustrates the improvement of a shut-circle framework where reused materials can be consistently used to create comparable top-notch items. Conquering these moves requires progressing innovative work to work on the nature of reused filaments and investigate elective reusing techniques.
Market Competitive Landscape
Asia-Pacific Textile Recycling Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Anandi Enterprises, Boer Group, Chindi, Hyosung Corporation, Khaloom Textile India Pvt. Ltd., Leign Fibers Inc., Martex Fiber Southern Corporation and Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Waste, By Textile Waste, By Distribution Channel
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| Regions covered | Australia, China, Indonesia, India, Malaysia, Philippines, South Korea, Thailand, Japan, Singapore, and the Rest of Asia-Pacific.
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| Companies Covered | Anandi Enterprises, Boer Group, Chindi, Hyosung Corporation, Khaloom Textile India Pvt. Ltd., Leign Fibers Inc., Martex Fiber Southern Corporation and Others |
COVID-19 Impact on Asia-Pacific Textile Recycling Market
The remarkable COVID-19 pandemic supported the Asia-Pacific Textile Recycling market enormously. The Coronavirus infection's effect on wellbeing, as well as an expansion in the recurrence of way of life sicknesses during the lockdown, expanded wellbeing mindfulness among shoppers of Asia-Pacific nations. The market Improved due to rise in practices supporting rise in climate sustainability but at the same time recycling facilities took a massive hit due to global restrictions and quarantine practices. The recycling facilities shut down for extended periods of time as the pandemic continued to wreak havoc. Apart from this the disruptions in transport chains made it all so more difficult.
Key Target Audience
- Textile Manufacturers
- Retail Brands
- Waste Management Companies
- Consumers
- Government and Regulatory Bodies
- Non-Governmental Organizations
Our in-depth analysis of the Asia-Pacific Textile Recycling Market includes the following segments:
| By Product Type: | Cotton RecyclingWool RecyclingPolyester & Polyester Fibre RecyclingNylon & Nylon Fibre RecyclingOthers |
| By Textile Waste: | Pre-consumer TextilePost-consumer TextileOthers |
| By Distribution Channel: | Online ChannelRetail & Departmental Stores |
Key Topics Covered in the Report
- Asia-Pacific Textile Recycling Market Size (FY’2024-FY’2033)
- Overview of Asia-Pacific Textile Recycling Market
- Segmentation of Asia-Pacific Textile Recycling Market By Product Waste (Cotton Recycling, Wool Recycling, Polyester & Polyester Fibre Recycling, Nylon & Nylon Fibre Recycling and Others)
- Segmentation of Asia-Pacific Textile Recycling Market By Textile Waste (Pre-consumer Textile, Post-consumer Textile and Others)
- Segmentation of Asia-Pacific Textile Recycling Market By Distribution Channel (Online Channel, Retail & Departmental Stores)
- Statistical Snap of Asia-Pacific Textile Recycling Market
- Expansion Analysis of Asia-Pacific Textile Recycling Market
- Problems and Obstacles in Asia-Pacific Textile Recycling Market
- Competitive Landscape in Asia-Pacific Textile Recycling Market
- Impact of COVID-19 and Demonetization on Asia-Pacific Textile Recycling Market
- Details on Current Investment in Asia-Pacific Textile Recycling Market
- Competitive Analysis of Asia-Pacific Textile Recycling Market
- Prominent Players in Asia-Pacific Textile Recycling Market
- SWOT Analysis of Asia-Pacific Textile Recycling Market
- Asia-Pacific Textile Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia-Pacific Textile Recycling Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia-Pacific Textile Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia-Pacific Textile Recycling Market
7. Asia-Pacific Textile Recycling Market, By Product Type (USD Million) 2020-2033
7.1. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Cotton Recycling
7.4. Wool Recycling
7.5. Polyester & Polyester Fibre Recycling
7.6. Nylon & Nylon Fibre Recycling
7.7. Others
8. Asia-Pacific Textile Recycling Market, By Textile Waste (USD Million) 2020-2033
8.1. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Textile Waste, 2020-2026
8.2. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Textile Waste, 2027-2033
8.3. Pre-consumer Textile
8.4. Post-consumer Textile
8.5. Others
9. Asia-Pacific Textile Recycling Market, By Distribution Channel (USD Million) 2020-2033
9.1. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Distribution Channel, 2020-2026
9.2. Asia-Pacific Textile Recycling Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Online Channel
9.4. Retail & Departmental Stores
10. Asia-Pacific Textile Recycling Market Forecast, 2020-2033 (USD Million)
10.1. Asia-Pacific Textile Recycling Market Size and Market Share
11. Asia-Pacific Textile Recycling Market, By Region, 2020-2033 (USD Million)
11.1. Asia-Pacific Textile Recycling Market Size and Market Share By Region (2020-2026)
11.2. Asia-Pacific Textile Recycling Market Size and Market Share By Region (2027-2033)
11.3. Australia
11.4. China
11.5. Indonesia
11.6. India
11.7. Malaysia
11.8. Philippines
11.9. South Korea
11.10. Thailand
11.11. Japan
11.12. Singapore
11.13. Rest of Asia-Pacific
12. Company Profile
12.1. Anandi Enterprises
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Boer Group
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Chindi
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Hyosung Corporation
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Khaloom Textile India Pvt. Ltd
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Leign Fibers Inc
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Martex Fiber Southern Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
