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Textile recycling market to grow to $11.39B by 2031 driven by EU regulations and advanced recycling tech.

Market News
02 Apr 2026
PRNewsWire
View Source
Bullish
pluang ai news

The global textile recycling market, valued at $6.62 billion in 2025, is projected to grow to $11.39 billion by 2031 at a CAGR of 9.48%. Growth is fueled by stricter regulations like the EU's Extended Producer Responsibility (EPR), which hold producers accountable for textile waste, encouraging sustainable practices. Advances in chemical recycling technologies, such as depolymerization, are improving recycled fiber quality, attracting investments and policy support. Asia-Pacific leads the market due to its manufacturing base, while the Middle East is the fastest-growing region with new circular economy initiatives. These trends signal a shift towards more sustainable textile production and recycling worldwide.

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