{"id":149102,"date":"2024-08-02T07:26:00","date_gmt":"2024-08-02T05:26:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=149102"},"modified":"2024-07-31T14:53:31","modified_gmt":"2024-07-31T12:53:31","slug":"4-innovations-helping-the-fashion-industry-embrace-the-circular-economy","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/4-innovations-helping-the-fashion-industry-embrace-the-circular-economy\/","title":{"rendered":"4 innovations helping the fashion industry embrace the circular economy"},"content":{"rendered":"\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global sales of \u2018pre-loved\u2019 clothing look set to account for 10% of global fashion industry sales in 2024.<\/strong><\/li>\n\n\n\n<li><strong>Price and sustainability concerns and the growth of online retail have seen second-hand clothing sales soar in recent years.<\/strong><\/li>\n\n\n\n<li><strong>The World Economic Forum\u2019s UpLink innovators are developing ways to boost the fashion industry\u2019s circular economy.<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>Second-hand clothing has come out of the closet, with the sector on-track to account for 10% of the global fashion market in 2024.<\/strong><\/p>\n\n\n\n<p><strong>The negative associations around buying used garments are gone, as sustainability, cost concerns and the boom in online shopping make embracing \u2018pre-loved\u2019 clothing something to shout about.<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/assets.weforum.org\/article\/image\/sRswtNuQqRH5srS2GeqV6t8YZUCbOD7rO3oagglaT2A.jpg\" alt=\"Clothes hanging on a rack.\" style=\"aspect-ratio:1.5;width:665px;height:auto\"\/><figcaption class=\"wp-element-caption\">\u00a9 Unsplash\/Priscilla Du Preez<\/figcaption><\/figure><\/div>\n\n\n<p>Global pre-owned clothing sales reached $211 billion in 2023, a 19% increase on the previous year, with a report by GlobalData for second-hand clothing resale site ThredUp predicting the market could reach $350bn by 2027. Worldwide second-hand sales are expected to increase three-times faster on average than the overall apparel market by 2027, the report predicts.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/assets.weforum.org\/editor\/RQNMgXH7tzInfC12XDeia9XW9d2uZ546V7SnCohe8Eo.PNG\" alt=\"Global second-hand market set to nearly double by 2027, reaching $350 billion\" style=\"aspect-ratio:1.6623563218390804;width:679px;height:auto\"\/><figcaption class=\"wp-element-caption\">The global second-hand clothing market could reach $350 billion by 2027. \u00a9 ThredUp<\/figcaption><\/figure><\/div>\n\n\n<h3 class=\"wp-block-heading\">Bad news for fast fashion? Maybe, but better news for the planet.<\/h3>\n\n\n\n<p>Estimates of the fashion industry\u2019s greenhouse gas footprint range from, at the higher end, a 2019 World Bank analysis of 10% of global emissions to 1.8%, according to a 2023 report by the Apparel Impact Institute.<\/p>\n\n\n\n<p>Here are four innovations from World Economic Forum UpLink innovators which aim to promote the circular economy and help make the fast-fashion industry more sustainable.<\/p>\n\n\n\n<p>Reducing excess inventory<br>Waging a war on garment waste, Queen of Raw provides an e-commerce software solution that enables enterprises in the fashion industry to quickly set up and manage their excess inventory.<\/p>\n\n\n\n<p>The company\u2019s Materia MX Software as a Service (SaaS) supply chain solution automates buying, selling, reuse and recycling of excess stock, which boosts inventory efficiency, saves money and utilizes would-be garment waste.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Up-cycling old fashion<\/h3>\n\n\n\n<p>It&#8217;s now possible to break down polycotton into its requisite parts in just 15 minutes, ready to turn the materials into new garments.<\/p>\n\n\n\n<p>In a similar vein, German company Re-Fresh Global uses \u2018Smart Textile Waste Upcycling Microfactories\u2019 to transform old clothes into fragrances, pharmaceuticals, shoes, fabrics, vehicle upholstery and more.<\/p>\n\n\n\n<p>Re-Fresh collects discarded textile waste at its factories, where machines sort it by colour and material type.<\/p>\n\n\n\n<p>Using a patented biotechnology process, the waste is turned into three biodegradable raw materials: bio-ethanol, nanocellulose and an unwoven textile pulp. These low-cost, high-volume raw materials are used in the construction, automotive, textile and fashion sectors.<\/p>\n\n\n\n<p>These are just a few of the innovators aiming to slow down fast fashion, increase circularity and make the clothes we wear more sustainable.<\/p>\n\n\n\n<p><strong>This article was first published in April 2024 and updated in July 2024.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Second-hand clothing has come out of the closet, with the sector on-track to account for 10% of the global fashion market in 2024. The negative associations around buying used garments are gone, as sustainability, cost concerns and the boom in online shopping make embracing \u2018pre-loved\u2019 clothing something to shout about. Global pre-owned clothing sales reached [&#8230;]<\/p>\n","protected":false},"author":114,"featured_media":149104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"The negative associations around buying used garments are gone, as sustainability, cost concerns and the boom in online shopping make embracing \u2018pre-loved\u2019 clothing something to shout about","footnotes":""},"categories":[17143],"tags":[10416,10453,24515,15515],"supplier":[24647,4391,18252,24648,23526,3416],"class_list":["post-149102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-recycling","tag-circulareconomy","tag-recycling","tag-textilerecycling","tag-upcycling","supplier-eon-group-holdings-inc","supplier-globaldata","supplier-natural-fiber-welding-inc","supplier-queen-of-raw","supplier-re-fresh-global","supplier-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/149102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=149102"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/149102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media\/149104"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=149102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=149102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=149102"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=149102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}