Recycled Textile Market Set to Hit $8 Billion by 2030 Driven by Sustainability Trends and Eco-Conscious Consumers
-
The global recycled textile market is expected to reach $8.32 billion by 2030, growing at a CAGR of 5.8% from 2023-2030.
-
The market growth is driven by rising awareness of sustainability, government regulations, and increasing consumer demand for eco-friendly textiles.
-
Key trends include the popularity of upcycled clothing and the adoption of circular economy principles by textile manufacturers.
-
Recent developments include the launch of new recycled textile fibers and materials by companies like Circulose and Teijin Fibers.
-
North America is expected to dominate the market due to its strong focus on sustainability and environmental efforts.