– The new Scaling Circularity report by McKinsey & Company demonstrates the potential for pre-competitive collaboration to scale textile recycling technologies
– The textile recycling opportunity offers the potential to drive up to 80% circularity in the fashion value chain, whilst also creating jobs and value for investors
– Scaling textile recycling could build a 10 – 20 bn USD market.
– All major recycling technologies found to have better environmental impact across several indicators
– The Circular Fashion Partnership programme in Bangladesh has demonstrated how industry actors can work together to overcome barriers to scaling nascent recycling markets
- The report is co-authored by Reverse Resources, building its arguments heavily on the research and insight developed by us over the past 7 years, and verifying many of our findings.
Over 30 renowned fashion brands, manufacturers and recyclers are collaborating in a new initiative to capture and reuse textile waste in Bangladesh.
Global Fashion Agenda today announced the participants of the Circular Fashion Partnership, including the global brands Bershka, Bestseller, C&A, Gina Tricot, Grey State, H&M Group, Kmart Australia, Marks & Spencer, OVS, Pull & Bear, Peak Performance and Target Australia. The Circular Fashion Partnership is a cross-sectorial project led by Global Fashion Agenda, with partners Reverse Resources, The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and P4G, that aims to achieve a long-term, scalable transition to a circular fashion system*.
Post-consumer waste has been under central discussion of the circular economy in fashion industry for the last 5 years. Same time, RR team has been mainly working on building statistics and data to estimate the volumes of industrial waste from fashion production. Any public data about this matter is globally unaccessible. However, based on the research we’ve done mapping out the post-industrial waste in 20 countries, we can make some estimates.