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Textile recycling market to reach $11.88B by 2030, growing 7.2% annually due to eco-demand and regulations.

Market News
12 Jun 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

The global textile recycling market is projected to grow from $8.41 billion in 2025 to $11.88 billion by 2030, at a CAGR of 7.2%. Growth is driven by rising environmental concerns, stricter regulations like Extended Producer Responsibility, and increasing consumer demand for sustainable fashion. Advances in mechanical and chemical recycling technologies are making textile waste processing more efficient, while industries such as home furnishing and apparel adopt recycled fibers to reduce costs and meet ESG goals. Europe remains a key region due to strong policies and infrastructure, though Asia-Pacific and North America lead in volume. This trend highlights a shift toward circular textile production and sustainability in the fashion and manufacturing sectors.

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Ondo Finance launches first tokenized stocks backed by DTCC, boosting ONDO token amid cautious trading outlook.

Ondo Finance launches first tokenized stocks backed by DTCC, boosting ONDO token amid cautious trading outlook.

Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...

Market News
Neutral
4 hours ago
Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Japanese firms use NVIDIA Nemotron to build AI tailored for local industries and workforce needs.

Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...

Market News
Bullish
4 hours ago
ERock gains buy rating on $1.3B backlog and modular gas power systems easing data center delays

ERock gains buy rating on $1.3B backlog and modular gas power systems easing data center delays

ERock, Inc. received a buy rating due to its innovative modular natural-gas power systems that help data centers avoid long waits for permanent grid power. The company has a strong $1.3 billion backlog supported by customer deposits, providing clear ...

Analyst Insights
Bullish
4 hours ago
IBM's resilient business and normalized valuation make it a strong buy despite mainframe revenue drop.

IBM's resilient business and normalized valuation make it a strong buy despite mainframe revenue drop.

IBM's business model remains strong despite a 7% decline in mainframe infrastructure revenue, supported by loyal legacy customers and solid free cash flow. Software growth, especially an 11% increase in Red Hat revenue, helps offset mainframe challen...

Analyst Insights
Bullish
4 hours ago
BMW recalls nearly 30,000 vehicles over engine starter fire risk issue

BMW recalls nearly 30,000 vehicles over engine starter fire risk issue

BMW is recalling 29,119 plug-in hybrid sedans due to a potential fire risk caused by corrosion in the engine starter's electrical relay. This defect can lead to a short circuit and overheating even when the vehicle is parked with the ignition off. Th...

Market News
Bearish
4 hours ago
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