Connect with us

Technology

Textile Industry Waste Management Market size is set to grow by USD 2.32 billion from 2024-2028, Increasing awareness about sustainability and environmental protection to boost the market growth, Technavio

Published

on

NEW YORK, May 31, 2024 /PRNewswire/ — The global textile industry waste management market size is estimated to grow by USD 2.32 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.57%  during the forecast period. 

For more insights on the forecast market size and historic data (2018 – 2022) – Download Free sample report in minutes 

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Wastewater treatment equipment and Water purifier), Service Type (Landfill, Open dumping, Incineration, Recycling, and Composting and anaerobic digestion), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

APAC, North America, Europe, Middle East and Africa, and South America

Key companies profiled

Aditya Birla Management Corp. Pvt. Ltd., American Waste and Textile LLC, BLS Ecotech Ltd., Boer Group, Evrnu Inc., FABSCRAP, Fibershed, Hyosung TNC Corp., Infinited Fiber Co., Lenzing AG, Pistoni Srl, Pure Waste Textiles Oy, Re NewCell AB, Recover Textile Systems S.L, Remondis SE and Co. KG, SAAHAS WASTE MANAGEMENT Pvt. Ltd., TEXAID Textilverwertungs AG, Unifi Inc., Veolia Environnement SA, and Worn Again Technologies

Key Market Trends Fueling Growth

The textile industry waste management market is experiencing significant growth due to the integration of advanced technologies like artificial intelligence (AI) and the Internet of Things (IoT). These innovations enhance waste management and decrease textile waste by monitoring the entire supply chain. AI-powered sorting machines revolutionize textile recycling, while IoT sensors track raw material usage, water, and energy consumption for sustainable production.

IoT-powered distribution systems optimize logistics, and smart tags enable real-time product monitoring, preventing overproduction and minimizing wastage. Additionally, AI-powered predictive maintenance technology ensures machinery is well-maintained, reducing equipment breakdown and promoting more sustainable practices. Overall, these factors are driving the adoption of AI and IoT in textile waste management, fueling market growth. 

The textile industry generates large amounts of waste, including carbon dioxide, water, and textile scraps. Carbon dioxide emissions result from energy consumption during manufacturing processes. Water waste arises from dyeing and finishing processes. Textile scraps are generated during cutting and sewing. Industry trends focus on reducing waste through circular economy principles. For instance, recycling textile scraps into new materials. Additionally, energy-efficient technologies and renewable energy sources are being adopted to decrease carbon emissions.

Chemicals, such as dyes and finishing agents, are used extensively in textile production. Recycling and reusing these chemicals can help minimize waste. Furthermore, the use of biodegradable and eco-friendly alternatives is gaining popularity. Online platforms and marketplaces facilitate the buying and selling of recycled textiles, reducing the need for new production and minimizing waste. Overall, the textile industry is making strides towards more sustainable practices and waste reduction. 

Market Challenges

The textile industry generates vast amounts of waste, primarily due to the lack of adequate disposal facilities. This issue significantly impacts the environment and the industry’s reputation. For instance, denim jeans production necessitates substantial water, chemicals, and energy usage, resulting in considerable waste. Unfortunately, this waste often ends up in landfills, polluting the environment and posing health risks.The absence of proper waste management also deters consumers, who are increasingly conscious of the environmental impact of clothing production. Companies that neglect waste management may face customer loss and legal action, hindering the textile industry’s growth during the forecast period.The Textile Industry generates large amounts of waste, including packaging, textile scraps, and dyes. Effective waste management is crucial for reducing environmental impact and improving sustainability. However, challenges exist in implementing waste reduction strategies. These include high production volumes, complex supply chains, and varying regulations across regions.Additionally, the cost of waste disposal and the lack of standardized recycling processes can hinder progress. To address these challenges, companies must invest in innovative technologies and collaborate with industry partners to develop more efficient and eco-friendly production methods. This will not only benefit the environment but also improve the industry’s reputation and competitiveness.

Research report provides comprehensive data on impact of trend, driver and challenges – Download Free sample report in minutes 

Segment Overview 

Application 1.1 Wastewater treatment equipment1.2 Water purifierService Type2.1 Landfill2.2 Open dumping2.3 Incineration2.4 Recycling2.5 Composting and anaerobic digestionGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Wastewater treatment equipment-  The textile industry generates large amounts of wastewater due to the use of chemicals and dyes in production processes. Effective waste management is crucial to address environmental concerns. Sedimentation tanks remove solid wastes, biological treatment systems use microorganisms to break down organic pollutants, and chemical treatment equipment adds chemicals to clump particles for removal. Advanced oxidation processes and membrane filtration systems are also used for persistent pollutants and high-quality effluents, respectively. These equipment types are driving the growth of the textile industry waste management market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Textile Industry generates a significant amount of waste, primarily in the form of hazardous plastic and polyester materials. Open dumping and incineration methods have been historically used for disposal, leading to detrimental environmental impact. However, the shift towards sustainability and eco-friendliness has brought recycling into the limelight. Residential, commercial, and industrial sectors all contribute to textile waste.

Textile packaging processes, including nanofiltration, also generate wastewater that requires proper management. Natural fibers like cotton, silk, wool, and linen, as well as yarn medleys and polyesters, can all be recycled through chemical textile recycling processes. Sustainability remains a key focus area, with reuse and nanofiltration processes gaining popularity to mitigate the environmental impact of textile waste.

Market Research Overview

The Textile Industry generates substantial waste throughout the production process, from fiber extraction to finished garments. Waste management in this sector is crucial to mitigate environmental impacts and promote sustainability. Major types of textile industry waste include water pollutants, solid waste, and chemical effluents. Innovative solutions such as recycling, reusing, and upcycling are being adopted to transform waste into valuable resources.

Technologies like membrane filtration, reverse osmosis, and bioremediation are used to treat and purify wastewater. Mechanical and biological methods are employed for solid waste management. The use of renewable energy sources and closed-loop production systems further enhances waste reduction and management in the textile industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationWastewater Treatment EquipmentWater PurifierService TypeLandfillOpen DumpingIncinerationRecyclingComposting And Anaerobic DigestionGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/textile-industry-waste-management-market-size-is-set-to-grow-by-usd-2-32-billion-from-2024-2028–increasing-awareness-about-sustainability-and-environmental-protection-to-boost-the-market-growth-technavio-302160213.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Prime Minister to travel to New York City to attend the United Nations General Assembly and the Summit of the Future

Published

on

By

OTTAWA, ON, Sept. 16, 2024 /CNW/ – The Prime Minister, Justin Trudeau, today announced that he will travel to New York City, United States of America, from September 22 to 25, 2024, to participate in the 79th Session of the United Nations General Assembly and the Summit of the Future. The Prime Minister will work closely with Canada’s international partners to strengthen democracy, take climate action, defend global security, and improve access to health care, including reproductive health.

As Co-Chair of the United Nations Sustainable Development Goals Advocates group, the Prime Minister will reaffirm Canada’s commitment to advancing ambitious international action toward the 2030 Agenda for Sustainable Development. This includes moving forward on shared work on education, climate change and biodiversity loss, and gender equality around the world.

At the Summit of the Future, the Prime Minister will join other leaders to take action on key global challenges and enhance ways to work together to secure a better future for everyone. The leaders will work to accelerate efforts on pressing global challenges, including sustainable development, international peace and security, technological innovation and digital co-operation, decarbonization and clean energy, and human rights.

Prime Minister Trudeau will co-host a discussion with the Prime Minister of Haiti, Garry Conille, to help mobilize the resources needed to address the crises the country is facing and support solutions that are Haitian-led and focused on the needs of the Haitian people. He will also co-host a high-level event with the President of the European Commission, Ursula von der Leyen, to promote action on climate change, carbon pricing, and industrial decarbonization.

Throughout his visit, the Prime Minister will collaborate with other leaders on pressing geopolitical challenges, including Russia’s ongoing war of aggression against Ukraine as well as the evolving situation in the Middle East. He will emphasize the importance of international efforts to safeguard peace and security around the world, including by defending democracy and strengthening the rules-based international order.

Achieving a more peaceful, stable, and prosperous world starts with unified global action. Canada’s unwavering commitment to the United Nations is a pledge to Canadians that we will do our part to build a better future for everyone.

Quote
“At this year’s United Nations General Assembly and at the Summit of the Future, Canada will have a leading role in making the world fairer and more prosperous. I look forward to working with other leaders to accelerate progress on our shared priorities and build a better future for everyone.”
— The Rt. Hon. Justin Trudeau, Prime Minister of Canada

Quick Facts

Canada has been active at the United Nations (UN) since its creation in 1945 and has played a key role in drafting the UN Charter, the treaty that is the cornerstone of the rules-based international order.Canada is the sixth-largest donor to the UN, including voluntary and assessed contributions totalling over US$2 billion in 2022.In 2015, Canada joined all UN Member States in adopting ambitious goals for sustainable development, as outlined in Transforming our World: The 2030 Agenda for Sustainable Development. The 2030 Agenda centres on a set of 17 Sustainable Development Goals (SDGs), encompassing the social, economic, and environmental dimensions of sustainable development. Taken together, the SDGs aim to improve the lives of all people, while protecting the planet.Released in 2021, Moving Forward Together: Canada’s 2030 Agenda National Strategy builds upon 30 actions and five core principles to create and foster an enabling environment for ongoing dialogue and participation to encourage Canadians to take action to realize the SDGs.In 2022, Prime Minister Trudeau was named Co-Chair, with the Prime Minister of Barbados, Mia Mottley, of the UN SDG Advocates group by UN Secretary-General António Guterres. SDG Advocates work to raise global awareness of the SDGs and of the need for accelerated action by using their respective platforms.In 2021, Canada launched the Global Carbon Pricing Challenge. This partnership aims to expand the use of pollution pricing by strengthening existing systems and supporting emerging ones. The Challenge also serves as a forum for dialogue and co-ordination to make pricing systems more effective and compatible while supporting other countries in adopting carbon pricing and cutting emissions on the path to net-zero by 2050.

Associated Links

Canada and the United NationsSummit of the FutureTransforming our World: The 2030 Agenda for Sustainable DevelopmentThe 2030 Agenda for Sustainable Development

This document is also available at https://pm.gc.ca

SOURCE Prime Minister’s Office

Continue Reading

Technology

NORTH STAR PROMISE DRIVES RECORD ENROLLMENT AT MINNESOTA’S PUBLIC COLLEGES AND UNIVERSITIES

Published

on

By

State Colleges and Universities See 7% Enrollment Surge; University of Minnesota Freshman Class Up 8%

SAINT PAUL, Minn., Sept. 16, 2024 /PRNewswire/ — North Star Prosperity released the following statement after public higher education institutions across the state reported a surge in enrollment thanks to the North Star Promise, a groundbreaking program designed to increase college access and affordability by providing tuition-free opportunities at public and tribal colleges for Minnesota residents making less than $80,000. It is the first time in over a decade that enrollment at Minnesota’s public colleges has increased.

North Star Prosperity led the campaign for North Star Promise, which Governor Tim Walz signed into law in May 2023.

“The North Star Promise program is a game-changer,” stated Mike Dean, Executive Director of North Star Prosperity. “We know that higher education is the most reliable path toward the middle class and yet for more than two decades, the cost of college has been out of reach for too many students. When we make education affordable and accessible, it’s an investment in the future of Minnesota’s workforce. Giving Minnesotans the tools to succeed in today’s economy is not only the right thing to do; it’s good business.”

For more information about the North Star Promise and how it benefits Minnesota residents, please visit www.northstarprosperity.org/freecollege or contact Mike Dean.

North Star Prosperity is fighting for an economy that works for all Minnesotans. Driven by our belief that everyone deserves a fair shot, we challenge the systemic roots of poverty and inequality by advocating for progressive economic policies that dismantle structural barriers and expand opportunity for all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/north-star-promise-drives-record-enrollment-at-minnesotas-public-colleges-and-universities-302249333.html

SOURCE North Star Prosperity

Continue Reading

Technology

Mynaric Advances Production of CONDOR Mk3

Published

on

By

Shipments will support the Space Development Agency’s Tranche 1 program

MUNICH, Sept. 16, 2024 /PRNewswire/ —  Mynaric (NASDAQ: MYNA) (FRA: M0YN), a leading provider of industrialized, cost-effective and scalable laser communications products, today announced the successful advancement of the company’s volume production ramp for the CONDOR Mk3. Mynaric continues to work through previously announced production delays and has realized near-term improvement in production yields and supply chain-related bottlenecks. Production delays of CONDOR Mk3 were caused by lower than expected production yields and supplier shortages of key components.

“We remain committed to our mission to deliver laser communications products at scale to the market and meet our near-term customer requirements,” said Joachim Horwath, Chief Technology Officer and founder of Mynaric. “Despite the setbacks we faced over the past few months, our team has worked tirelessly to address these challenges. We have implemented solutions to ensure the smooth continuation of our production process.”

“We are happy to report that the technical challenges on the production ramp are being addressed and I am working with Joachim to ensure that Mynaric is well positioned for future success,” said Andreas Reif, Chief Restructuring Officer of Mynaric. “Moving forward, Mynaric will continue to meet the current requirements of our customers.”

Current shipments of the CONDOR Mk3 free space optical communications system will be part of the United States Space Development Agency (SDA) Tranche 1 program. Mynaric was selected by Northrop Grumman as the sole supplier of optical communications terminals for the SDA’s Tranche 1 Transport and Tracking Layer programs and by York Space Systems for the SDA’s Tranche 1 Transport Layer. Mynaric was also selected by Loft Federal to supply the CONDOR Mk3 terminals to NExT – the SDA’s Experimental Testbed.

In addition, Mynaric continues to pursue opportunities that explore the use of free-space optical communications for additional space programs. Mynaric has been recognized as a key development partner in Phase 2 of DARPA’s Space-BACN program, was selected by the European Space Agency (ESA) to investigate optical technologies for next generation high-throughput optical inter-satellite links and was selected by the German government for multiple projects to develop quantum communication capabilities.

In addition, Mynaric continues to diligently pursue additional capital sources to secure our on-going operations and production ramp. We continue to evaluate a number of different strategic options to address our near-term capital needs.

About Mynaric

Mynaric (NASDAQ: MYNA) (FRA: M0YN) is leading the industrial revolution of laser communications by producing optical communications terminals for air, space and mobile applications. Laser communication networks provide connectivity from the sky, allowing for ultra-high data rates and secure, long-distance data transmission between moving objects for wireless terrestrial, mobility, airborne- and space-based applications. The company is headquartered in Munich, Germany, with additional locations in Los Angeles, California, and Washington, D.C.

For more information, visit mynaric.com

MEDIA CONTACT
Krista Hazen                                                                                   
krista.hazen@mynaricusa.com   

View original content to download multimedia:https://www.prnewswire.com/news-releases/mynaric-advances-production-of-condor-mk3-302249337.html

SOURCE Mynaric USA, Inc.

Continue Reading

Trending