The expansion of clothing and textile industry and the fast fashion trend among consumers have caused a rapid global increase in textile waste in the municipal solid waste (MSW) stream. Worldwide, 75% of textile waste is landfilled, while 25% is recycled or reused. Landfilling of textile waste is a prevalent option that is deemed unsustainable. Promoting an enhanced diversion of textile waste from landfills demands optimized reuse and recycling technologies. Reuse is the more preferred option compared with recycling. Various textile reuse and recycling technologies are available and progressively innovated to favor blended fabrics. This paper aims to establish reuse and recycling technologies (anaerobic digestion, fermentation, composting, fiber regeneration, and thermal recovery) to manage textile waste. Improved collection systems, automation of sorting, and discovering new technologies for textile recycling remains a challenge. Applying extended producer responsibility (EPR) policy and a circular economy system implies a holistic consensus among major stakeholders.