Global clothing and textile recycling market to hit $20.2b by 2031

Retailers boost recycling with take-back programmes despite logistics challenges.

The global clothing and textile recycling market is projected to reach $20.2b by 2031, growing at a compound annual growth rate of 5.9%, according to Valuates Reports.

The sector's expansion is attributed to circular economy initiatives, where brands prioritise reuse, refurbishment, and fibre recovery. 

Retailers are implementing take-back programmes and integrating recycled materials into product lines, whilst consumers increasingly demand sustainable fashion, the report said.

The Asia-Pacific region is expanding rapidly, driven by large textile industries in China, India, and Bangladesh. Meanwhile, Europe leads the market due to strict environmental regulations and strong consumer demand. 

The market covers clothing, shoes, bags, and other textiles, which are resold, repurposed, or processed into new products.