The global Textile Waste Recycling Machine industry was valued at US$ 4.6 billion in 2023. It is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.0% from 2024 to 2034. By the end of 2034, the industry is expected to reach a value of US$ 7.1 billion.
The global textile waste recycling machine market is slated to grow based on the minimization of environmental hazards coupled with higher rates of employment generation provided by the textile waste recycling industry. The use of recycled textiles also cuts down on dyes, thereby reducing overheads as chemicals are curtailed.
