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The Rags market is a sector of the recycling and recycled materials industry that focuses on the collection, sorting, and sale of used clothing and other textiles. It is a global industry that is estimated to be worth billions of dollars. The rags market is a major source of secondary raw materials for the textile industry, providing a cost-effective alternative to virgin materials. It is also a major source of employment for many people in developing countries.
The rags market is divided into two main categories: the wholesale market and the retail market. The wholesale market is composed of large-scale buyers and sellers of used clothing and other textiles, while the retail market is composed of smaller-scale buyers and sellers.
Companies in the rags market include textile recyclers, thrift stores, and online resellers. Textile recyclers collect, sort, and process used clothing and other textiles for sale to the textile industry. Thrift stores purchase used clothing and other textiles from individuals and resell them to the public. Online resellers purchase used clothing and other textiles from individuals and resell them online. Show Less Read more