The apparel recycling market is likely to be valued at US $ 5.8 million in 2022 and is expected to grow at a CAGR of 10.7 per cent through 2032.
All-in-all, the demand for apparel recycling is likely to remain strong with an anticipated valuation of US$ 16 billion by 2032.
Recycled polyester, with its durability and strength, is likely to remain the preferred recycled clothing type during the forecast period.
Claiming so, a report by Future Market Insights Global and Consulting says that Asia Pacific is likely to be the fastest-growing clothing recycling market during the forecast period.
In 2022, the Europe clothing recycling market is likely to hold a share of 26 per cent, the largest at the global level. With a lag of just 2 per cent, the apparel recycling market of the North America stands at the second position with a share of 24 per cent in the global market in 2022.
Adoption of clothing recycling methods is also seen as a powerful tool against the fast-changing fashion trends. With numerous circular movements undertaken for furniture recycling, shoe recycling, textile waste of used clothes holds prominence.
Owing to this, the recycling trend for clothes is undertaken not only by small-scale fashion hubs, but also key players in the clothing recycling market.
