With the emergence and long-term Impact of COVID-19, Global Textile Waste Management Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Textile Waste Management Market points towards a potential rise to USD XXX Million by 2030. Textile waste management refers to the process of effectively managing and handling textile waste generated by various sources, such as clothing and other textile products, to minimize their negative environmental and social impacts.
It is the process and action necessary to manage trash from beginning to end. This includes waste management process monitoring and control as well as trash collection, transportation, treatment, and disposal. It also covers waste-related economic systems, technology, and regulation. The market growth is driven by factors such as the increasing number of government initiatives, and surging demand for recycled textiles, coupled with the rising textile waste generation.
Geographically, the global Textile Waste Management market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the increasing investment in technological developments and the increasing depletion of clean water resources worldwide. Whereas, Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as favorable government initiatives, increasing environmental awareness, and Rising textile waste generation in this region.
The global Textile Waste Management market is highly competitive owing to the presence of several key players such as Worn Again Technologies Veolia Environnement S.A. Boer Group Re:NewCell Pistoni S.r.l Lenzing AG Textile Recycling International Group RE TEXTIL Deutschland GmbH Hyosung Corporation Infinited Fiber Company, and others.
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Key findings of the study suggest:
- Global Textile Waste Management Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Waste segment, Polyester emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the increasing investment in technological developments and the increasing depletion of clean water resources worldwide.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Waste:
- Hazardous
- Plastic
- Polyester
- Other Wastes
By Service:
- Open dumping
- Incineration
- Landfill
- Recycling
By End-user:
- Residential
- Commercial
- Industrial
- Other End-Users
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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