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The textile industry waste management market size is forecast to increase by USD 2.32 billion, at a CAGR of 11.57% between 2023 and 2028. The growth rate of the market depends on several factors, including the increasing awareness about sustainability and environmental protection, the increasing regulations and laws related to waste management, and the growing demand for eco-friendly and recycled textile products from consumers.
The report offers extensive research analysis on the market, with a categorization based on Application, including wastewater treatment equipment and water purifier. It further segments the market by Service Type, encompassing landfill, open dumping, incineration, recycling, and composting, and anaerobic digestion. Additionally, the report provides Region segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the market growth during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges of market growth and forecasting will help companies refine marketing strategies to gain a competitive advantage.
The global market is fuelled by the increasing demand from consumers for eco-friendly and recycled textile products. In addition, this trend is being driven by increasing awareness among consumers about environmental issues and the harmful impact of textile manufacturing processes and waste on the air, water, and land.
Moreover, this has encouraged textile manufacturers to meet this demand; one such company is Patagonia Inc. (Patagonia), a leading outdoor clothing brand. In addition, Patagonia has a strong commitment to sustainability and has implemented a closed-loop system for its garments, which involves reducing, repairing, reusing, and recycling its products. Hence, such factors are driving the market growth during the forecast period.
Circular economy models are gaining traction in the textile industry as a means of minimizing waste and promoting sustainability. In addition, through these models, textile waste is repurposed and reused to create new products. Furthermore, this approach has numerous benefits, including a reduction in the amount of waste that is sent to landfills, lower demand for virgin raw materials, and the creation of new revenue streams.
For instance, Worn Again Technologies. Based in the UK, Worn Again Technologies has developed a chemical recycling system that enables the separation and extraction of polyester and cotton from non-reusable clothing and textiles. In addition, these materials can then be used to create new products, such as polyester yarn and cellulosic pulp. Furthermore, by implementing this innovative recycling process, Worn Again Technologies helps reduce the amount of textile waste that is generated by the global fashion industry. Hence, such factors are driving the market growth during the forecast period.
The global textile industry is one of the major industries in the world, generating huge amounts of waste. However, the management of this waste has been a significant challenge due to the lack of proper disposal facilities. In addition, this issue affects not only the environment but also the entire textile industry.
For instance, one example of this issue can be seen in the production of denim jeans such that each pair of jeans requires a significant amount of water, chemicals, and energy to manufacture, which inevitably generates a considerable amount of waste. In addition, due to the lack of proper disposal facilities, this waste ends up in landfills, polluting the environment and posing health risks to people who live nearby. Hence, such factors are hindering the market growth during the forecast period.
The wastewater treatment equipment segment is estimated to witness significant growth during the forecast period. Wastewater treatment equipment plays a key role in the global market. In addition, textile production is often associated with significant water pollution due to the release of various chemicals and dyes that are used in various processes. Thus, effective treatment methods are necessary to address these environmental concerns.
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The wastewater treatment equipment segment was the largest segment and was valued at USD 1.28 billion in 2018. Moreover, one commonly used type of equipment for textile industry waste management is the sedimentation tank. In addition, this tank allows solid wastes, such as natural fibers, to settle at the bottom, while the liquid component can be separated and subjected to further treatment. Furthermore, sedimentation tanks are utilized to remove suspended solids and large particles from the wastewater before proceeding to other treatment stages. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Based on the service type, the market has been segmented into landfill, open dumping, incineration, recycling, composting, and anaerobic digestion. The landfill?segment will account for the largest share of this segment. The landfill is the most adopted method of waste management in the global textile industry. In addition, textile waste generated from different manufacturing processes and post-consumer use often ends up in landfills, contributing to environmental pollution and resource depletion. Furthermore, one reason for the widespread prevalence of landfills in textile industry waste management services is the lack of cost-effective alternatives.In addition, landfilling is seen as a quick and low-cost solution, as it involves simple disposal without the need for extensive sorting and processing. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 39% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. APAC has emerged as a significant region in the global market fuelled by its large production capacity and growing emphasis on environmental sustainability. In addition, APAC countries are actively adopting waste management practices to address the mounting textile waste generated by the industry. Moreover, one of the key factors driving the market in APAC is the implementation of stringent environmental regulations by governments in the region. For instance, countries like China, India, and Bangladesh have introduced measures to regulate and control the disposal of textile waste, ensuring that it is managed in an environmentally responsible manner. Hence, such factors are driving the market growth in APAC during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Management Corp. Pvt. Ltd: The company offers carbon credit projects such as Giriraj Bundled Wind Project, Meridian SF6 reduction project, and Family owned farm anaerobic digester project.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
American Waste and Textile LLC, BLS Ecotech Ltd., Boer Group, Evrnu Inc., FABSCRAP, Fibershed, Hyosung TNC Corp., Infinited Fiber Co., Lenzing AG, Pistoni Srl, Pure Waste Textiles Oy, Re NewCell AB, Recover Textile Systems S.L, Remondis SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., TEXAID Textilverwertungs AG, Unifi Inc., Veolia Environnement SA, and Worn Again Technologies
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Textile Industry Waste Management Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.57% |
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Market Growth 2024-2028 |
USD 2.32 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
11.39 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 39% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Aditya Birla Management Corp. Pvt. Ltd., American Waste and Textile LLC, BLS Ecotech Ltd., Boer Group, Evrnu Inc., FABSCRAP, Fibershed, Hyosung TNC Corp., Infinited Fiber Co., Lenzing AG, Pistoni Srl, Pure Waste Textiles Oy, Re NewCell AB, Recover Textile Systems S.L, Remondis SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., TEXAID Textilverwertungs AG, Unifi Inc., Veolia Environnement SA, and Worn Again Technologies |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Service Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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