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

Explore Beyond Expo 2025 Osaka with Agoda’s Day Trip Recommendations

Published

on

By

SINGAPORE, April 11, 2025 /PRNewswire/ — Digital travel platform Agoda is spotlighting five enriching day trips for visitors attending Expo 2025 Osaka in Japan. Taking place on Yumeshima Island near Osaka from April 13 to October 13, 2025, the Expo will showcase innovations across health, design, and connectivity. Agoda’s day-trip recommendations aim to enhance the travel experience by encouraging exploration of nearby destinations beyond perennial favorites Osaka and Kyoto.

Expo 2025 Osaka is set to attract international visitors, eager to explore forward-looking exhibits and cultural showcases. Agoda’s insights revealed that the highest number of accommodation searches for the Kansai region came from South Korea, followed by Taiwan, Hong Kong, Thailand and mainland China.

Beyond the Expo, the Kansai region and surrounding areas offer a variety of experiences, from historical landmarks to culinary delights. Agoda has identified five destinations that are ideal for day trips:

Nara: Known for its historical significance, Nara features attractions such as Todai-ji Temple and Nara Park, where deer roam freely. The city’s serene environment provides a contrast to the dynamic atmosphere of the Expo. Nara is accessible in about an hour via the JR Osaka Loop Line.Kobe: This port city combines modernity with tradition, offering highlights such as the Kitano Ijinkan-gai District and panoramic views from Mount Rokko. Kobe beef and the hot springs of Arima Onsen are also popular draws. The JR Kobe Line Rapid Service connects Osaka to Kobe in approximately 30 minutes.Nagoya: A blend of innovation and tradition, Nagoya features landmarks like Nagoya Castle and the Toyota Commemorative Museum of Industry and Technology. Local cuisine, including miso katsu, adds to the city’s appeal. The Shinkansen from Shin-Osaka Station ensures a quick and convenient journey.Himeji: Himeji Castle, a UNESCO World Heritage Site, is a must-see for its architectural beauty and historical significance. The castle’s white facade and surrounding gardens are particularly striking. The JR Sanyo Shinkansen provides access to Himeji in under an hour.Wakayama: Wakayama offers a mix of spiritual and cultural experiences, including Mount Koya, a center of Shingon Buddhism, and Wakayama Castle. Fresh seafood markets add a culinary dimension to the visit. The JR Wakayama Line connects Osaka to this peaceful destination.

Hiroto Ooka, Associate Vice President, North Asia at Agoda, shared, “Expo 2025 Osaka is not just about innovation; it’s also an opportunity to explore the rich culture and history of the Kansai region and beyond. Agoda is excited to help travelers uncover these destinations and create unforgettable memories with great value deals on accommodation, flights, and activities.”

With over 5 million holiday properties, 130,000 flight routes, and 300,000 activities, Agoda makes it easy to plan your next celestial escape. Visit Agoda.com or download the Agoda mobile app for the best deals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/explore-beyond-expo-2025-osaka-with-agodas-day-trip-recommendations-302426352.html

SOURCE Agoda

Continue Reading

Technology

Lakshmi Finance Center: Jonathan Dale Benton Unveils the Strategic Leap from TradeGenius AI 3.0 to 4.0

Published

on

By

Lakshmi Finance Center announces the next generation of its flagship AI platform, TradeGenius AI 4.0, showcasing advanced learning capabilities, re-engineered infrastructure, and cross-domain scalability under the direction of founder Jonathan Dale Benton.

SAN DIEGO, April 10, 2025 /PRNewswire-PRWeb/ — Lakshmi Finance Center has officially launched TradeGenius AI 4.0, the most significant architectural and functional overhaul of its intelligent automation platform to date. Building on the foundational framework of version 3.0, the new system introduces a series of transformative upgrades designed to meet the demands of increasingly complex and dynamic real-time environments.

The development, led by Founder and CEO Jonathan Dale Benton, reflects the institution’s ongoing investment in modular artificial intelligence systems that prioritize learning adaptability, high-volume data responsiveness, and operational transparency.

“TradeGenius AI 4.0 is not simply a version update—it’s a complete strategic reinvention of the system’s intelligence core,” said Jonathan Dale Benton. “It now thinks in contexts, adapts in cycles, and learns in real time across environments that no static model could survive.”

While TradeGenius AI 3.0 introduced essential advancements such as adaptive learning databases and preliminary decision feedback loops, version 4.0 redefines those foundations by integrating reinforcement learning, temporal abstraction layers, and dynamic task routing engines. These upgrades allow the system to execute multi-stage, variable-output strategies across non-linear data streams—an essential feature for modern AI operations.

One of the key innovations in 4.0 is its event-driven processing model, which replaces sequential logic chains with flexible response modules. This model enables the system to react to new inputs based on weighted probabilities rather than fixed triggers, dramatically reducing latency and enhancing situational awareness.

In parallel, the platform now supports natural language command interpretation through an upgraded NLP parser, allowing users to construct complex operational logic using simple language prompts. These are dynamically translated into structured tasks, enabling broader accessibility across non-technical roles in systems management and automation testing.

The memory module—a critical improvement over 3.0’s short-term feedback structure—has been expanded into a context-aware temporal buffer. This allows TradeGenius AI 4.0 to maintain variable-length memory trails for long-form decision-making, improving continuity in strategy across extended sessions.

Another core advancement is the scalability architecture, which now supports simultaneous deployment across decentralized nodes with real-time synchronization. This enables federated learning experiments and distributed intelligence deployment in simulated or live multi-agent environments.

The engineering teams behind TradeGenius AI worked through 14 months of sprint-based iterations and regression testing to ensure that legacy logic sets could be retained while accommodating the system’s expanded capabilities. Cross-disciplinary contributions from Lakshmi’s internal data scientists, systems theorists, and interface designers ensured a consistent balance between depth, speed, and usability.

In preparation for broader use, Lakshmi Finance Center is releasing a developer sandbox environment for institutions and research labs, including access to API layers, custom training modules, and anonymized datasets for testing. Internal pilot programs have already demonstrated successful applications in automation orchestration, real-time analytics, and process modeling.

Looking ahead, Lakshmi Finance Center plans to integrate real-world knowledge graph structures and symbolic reasoning systems in future iterations of the TradeGenius framework. Version 4.1, currently in prototype, is expected to introduce explainability modules and internal audit trails for transparency in critical system decisions.

TradeGenius AI 4.0 is now available for enterprise deployment, research collaboration, and curriculum integration within Lakshmi’s technical education programs.

With this release, Lakshmi Finance Center not only extends the capabilities of intelligent systems but reinforces its role as a center for continuous innovation in scalable, modular, and explainable AI.

Media Contact

Charlotte Evans, Lakshmi Finance Center, 1 619-379-7337, contact@lakshmifinance.com, https://www.lakshmifinance.com/

View original content:https://www.prweb.com/releases/lakshmi-finance-center-jonathan-dale-benton-unveils-the-strategic-leap-from-tradegenius-ai-3-0-to-4-0–302424230.html

SOURCE Lakshmi Finance Center

Continue Reading

Technology

ROLLER Celebrated on AFR’s Best Places to Work List and Certified as a Great Place to Work

Published

on

By

ROLLER’s purpose is to help create experiences that bring joy and happiness to the world. They achieve this by connecting attraction venues with powerful, easy-to-use technology.

AUSTIN, Texas, April 10, 2025 /PRNewswire/ — ROLLER, the all-in-one venue management platform for the leisure and attractions industry, is proud to announce it has been named a finalist on the Australian Financial Review’s Best Places to Work List for 2025, in the Technology category. Presented in collaboration with Bendelta, the list evaluates hundreds of companies across Australia and New Zealand based on employee experience, policies, and innovation. For the ROLLER team, being recognized among such respected companies is a meaningful acknowledgment of the culture they’re continuing to build as they scale.

“Our people are the heart of everything we do,” says Bee Hepburn, Chief People Officer at ROLLER. “Being included on the AFR’s Best Places to Work List reflects our team’s passion for not only creating joyful guest experiences through our platform but also cultivating a workplace where people love to show up every day.”

ROLLER was also honored to be officially certified as a Great Place to Work® for the third consecutive year in Australia and the second year running in the United States.

“Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience,” says Sarah Lewis-Kulin, Vice President of Global Recognition at Great Place To Work. She emphasizes that Certification is based entirely on real feedback from employees, making it a genuine reflection of how people feel about the company culture. “By successfully earning this recognition, it is evident that ROLLER stands out as one of the top companies to work for, providing a great workplace environment for its employees.”

ROLLER’s employee experience is driven by core values that promote collaboration, trust, innovation, and personal growth. With a global team spanning the Americas, EMEA, and APAC, ROLLER emphasizes flexibility, psychological safety, and opportunities for career progression. Recent initiatives include working with Equidi to close the gender pay gap, a public holiday swap program, and DEI-driven hiring practices.

“We’re intentional about creating an environment where people feel connected to their work, each other, and the impact we’re making,” added Bee Hepburn. “Whether you’re based in Austin, Melbourne, or London, you’ll find the same level of openness, encouragement, and energy that defines ROLLER’s culture.”

As the company continues to grow and evolve, ROLLER remains focused on maintaining a culture-first approach, recognizing that happy, fulfilled teams are the key to delivering world-class products and support to the attractions industry.

About ROLLER

ROLLER is the cloud-based venue management platform for modern attractions, purpose-built to remove friction from the guest experience at every touchpoint. Their all-in-one platform simplifies its customers’ business processes, improving efficiency and maximizing revenue. ROLLER’s comprehensive solution includes: Online Checkout & Ticketing, Point-of-Sale, Integrated Payments, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, Guest Surveys, and more. To learn more, visit roller.software.

View original content to download multimedia:https://www.prnewswire.com/news-releases/roller-celebrated-on-afrs-best-places-to-work-list-and-certified-as-a-great-place-to-work-302426320.html

SOURCE ROLLER

Continue Reading

Trending