The global textile recycling market encompasses the recovery of fibers, yarns, and fabrics from used clothing, manufacturing scraps, and other textile waste for reuse in new products. The market was valued at USD 8.14 billion in 2024 and is projected to reach USD 13.91 billion by 2032, growing at a CAGR of 6.9% during the forecast period of 2025-2032. The single most important growth driver is the rising global push for circular economy adoption – a structural shift propelled by mounting textile waste volumes, tightening government regulations, and growing brand-level commitments to sustainable sourcing that are collectively redirecting investment into recycling infrastructure and technology.

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