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Global Textile Recycling Market to grow at 3.9% CAGR to touch US$6.13 billion by 2030.

The Global Textile Recycling Market is likely to grow at a Compound Annual Growth Rate (CAGR) of 3.9% to touch US$6.13 billion by 2030 from US$4.35 billion in 2021, according to a research report published by Spherical Insights & Consulting.
The research report is based on global textile recycling market size, share, and COVID-19 impact analysis by material (cotton, polyester, wool, polyamide, and others), by source (apparel waste, home furnishing waste, automotive waste, and other), by process (mechanical and chemical) and by region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa).
The companies covered in the report include Worn again technologies, Lenzing Group, Birla Cellulose, BLS Ecotech, The Woolmark Company, iinouiio Ltd, Ecotex Group, The Boer Group, Unifi, Inc., and Textile Recycling International and others 20+ prominent key players. Global economy: Recession Risk Rising Analysis and Russia-Ukraine Conflict War Impact have also been added to the report.
The report has also discussed some key developments, including purchasing a 100% position in the equity share of the PET recycling factory of AG Resinas Ltda by Indorama Ventures Public Company Limited in June 2020. While in June 2022-as a result of activities by the Brazilian Association of Cleaning and Waste Companies, ABRELPE, the solid waste recycling rate is currently around 4%. To raise public awareness of collection, separation, recycling, and reuse, June 5 was designated as National Recycling Day.