Global Textile Recycling Market to Reach $20 Billion by 2031

According to a new report published by Valuates Reports, the global apparel and textile recycling market is projected to grow from $13.6 billion in 2024 to $20.2 billion by 2031. This increase represents a compound annual growth rate (CAGR) of 5.9% over the forecast period.

The report highlights that, with the growing adoption of circular economy practices worldwide, textile and apparel recycling has become an essential component of sustainable fashion systems and responsible material management strategies. Market growth is being driven particularly by rising environmental awareness among consumers in developed regions, as well as stronger corporate sustainability commitments from brands.

Europe holds a leading position in the market, supported by strict waste management policies and extended producer responsibility programs. Countries such as Germany, Netherlands, and France are playing a pioneering role by establishing robust recycling collection infrastructures.

The market encompasses activities such as sorting, processing, resale, and material recovery that extend product life cycles. Collaboration among manufacturers, retailers, and recycling operators is strengthening supply chains and contributing to the global expansion of the circular economy.