India Textile recycling market size to reach US $ 375 Million by 2028, says report

According to a report by IMARC Group, the textile recycling market in India reached a size of US $ 308.7 Million in 2022 and is expected to reach US $ 375 Million by 2028, showing a growth rate (CAGR) of 3.4 per cent during 2023-2028.

Textile recycling is the method of reprocessing and reusing old clothing, fibrous waste materials, scraps, etc. These materials are commonly sourced from carpets, tires, furniture, footwear, discarded clothes, towels and sheets.

There are numerous environmental and economic benefits to textile recycling, including reducing levels of water and land pollution, curbing the use of chemical dyes, optimum consumption of energy, minimising dependence on virgin fibres and more.

The key factors simulating the Indian textile recycling market include escalating demand for clothes with ecological integrity, the emerging trend of sustainable fashion and the increasing awareness of the consumer towards the detrimental effects on the environment of producing new apparel.

Further enhancing this growth is the increasing popularity of eco-clothes made of recycled textiles, plastics and organic raw materials which aid in limiting waste and minimising landfill spaces.

Government policies and NGO programmes along with the rising amount of textile waste and improvements in recycling techniques are also boosting the recycling market besides various technological advancements and growing automation in the recycling processes along with extensive R&D by leading manufacturers.