Growth Opportunities for Sustainability and Circular Economy in the Global Textile Industry

Growth Opportunities for Sustainability and Circular Economy in the Global Textile Industry

Sustainable Business Models, Digitalization, and Technological Innovation Across Manufacturing, Recycling, and Extended Product Life Cycle

RELEASE DATE
29-Apr-2024
REGION
Global
Deliverable Type
Market Research
Research Code: MH46-01-00-00-00
SKU: EN_2024_692
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Description

The study’s objective is to understand the role that upstream, midstream, and downstream operations play in the development of a circular economy in the textile industry. It analyses the volume of textile waste generated globally, the current textile waste collection and recycling rate,
and the potential growth of the recycling sector. The analysis covers reuse and repair opportunities in the secondhand textile sector. Revenue forecast for the development of the textile recycling sector focuses on the opportunities across textile-to-textile and fiber-to-fiber recycling based
on textile type. The growth analysis is based on the “doing more with less” approach and the 6P framework: policies, products, processes, people/personas, partnerships, and platforms. Various technological advancements that help push efficiency across the circular economy of
textiles are assessed here, including digitalization of supply chains, manufacturing, distribution, and end-of-life management; recycling solutions; and technologies and services, such as digital material passport, life cycle assessment tools, robotics, AI-based sorting, and data analytics platforms. A detailed analysis of key growth accelerators with examples of companies to watch is also provided.

Author: Paulina Blaszczyk

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the 3 Strategic Imperatives on the Circular Economy of Textiles

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Scope of Analysis (continued)

Segmentation

Research Methodology

Key Takeaways

Key Takeaways (continued)

Value Chain Overview

Global Textile Production

Global Textile Production Overview

Environmental Impact of the Global Textile Industry

Carbon Footprint of the Global Textile Industry

Global Challenges to the Circular Economy of Textiles

Reduced Environmental Impact of Secondhand Apparel

Textile Waste Generation

Textile Waste Generation by Region/Country

Textile Waste Generation by Region/Country (continued)

Textile Waste Management Pain Points

Textile Waste Recycling Forecast

Textile Waste Recycling Forecast by Type

Textile Waste Recycling Forecast by Type (continued)

Circular Economy Growth Opportunities Based on Textile Waste Lifecycle

Circular Economy Growth Opportunities Based on Textile Waste Lifecycle (continued)

The 6P Framework

Policies that Enable Circular Economy Growth Opportunities

Circular Economy Growth Opportunities in Product Development

Circular Economy Growth Opportunities in Product Development (continue)

Circular Economy Growth Opportunities in Upstream Processes

Circular Economy Growth Opportunities in Midstream and Downstream Processes

Industry Transformation Driven by Pressure on People and Personas

Top 10 Personas Influencing Circular Economy of Textiles

Top 10 Personas Influencing Circular Economy of Textiles (continued)

Impact of Customer Purchase on Circular Economy Growth Opportunities

Circular Economy of Textiles—Growth Opportunities for Development of Cross-Industry Partnerships

Examples of B2B Partnerships Supporting Circular Economy in Textiles

Examples of B2B Partnerships Supporting Circular Economy in Textiles (continued)

Circular Economy of Textiles—Growth Opportunities in Platform-based Solutions that Measure, Verify, Communicate, and Bring Transparency

Growth Metrics

Growth Drivers

Growth Restraints

Recycling Revenue Forecast

Circular Economy of Textiles—Recycling Market Revenue by Region

Growth Accelerators of Circular Economy of Textiles

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain (continued)

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain (continued)

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain (continued)

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain (continued)

Circular Economy of Textiles—Key Growth Opportunities and New Business Models in the Value Chain (continued)

New Business Models to Support Circular Economy of Textiles— Branded Resale Programs of Retailers

New Business Models to Support Circular Economy of Textiles— Branded Resale Programs of Retailers (continued)

New Business Models to Support Circular Economy of Textiles— Fashion-as-a-Service

Textile Circular Economy—Companies to Watch

Textile Circular Economy—Companies to Watch (continued)

Textile Circular Economy—Companies to Watch (continued)

Growth Accelerators of Textile Circular Economy

Growth Accelerators of Textile Circular Economy (continued)

Growth Accelerators of Textile Circular Economy (continued)

Growth Accelerators of Textile Circular Economy (continued)

Growth Accelerators of Textile Circular Economy (continued)

Growth Opportunity 1: Fiber-to-fiber Recycling

Growth Opportunity 1: Fiber-to-fiber Recycling (continued)

Growth Opportunity 2: Textile-to-textile Recycling

Growth Opportunity 2: Textile-to-textile Recycling (continued)

Growth Opportunity 3: DPP and LCA to Measure, Manage, and Verify Product Sustainability Impact

Growth Opportunity 3: DPP and LCA to Measure, Manage, and Verify Product Sustainability Impact (continued)

Growth Opportunity 4: Robotic and AI-based Sorting Solution to Increase Efficiency of Textile Reuse and Recycling

Growth Opportunity 4: Robotic and AI-based Sorting Solution to Increase Efficiency of Textile Reuse and Recycling (continued)

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

The study s objective is to understand the role that upstream, midstream, and downstream operations play in the development of a circular economy in the textile industry. It analyses the volume of textile waste generated globally, the current textile waste collection and recycling rate, and the potential growth of the recycling sector. The analysis covers reuse and repair opportunities in the secondhand textile sector. Revenue forecast for the development of the textile recycling sector focuses on the opportunities across textile-to-textile and fiber-to-fiber recycling based on textile type. The growth analysis is based on the doing more with less approach and the 6P framework: policies, products, processes, people/personas, partnerships, and platforms. Various technological advancements that help push efficiency across the circular economy of textiles are assessed here, including digitalization of supply chains, manufacturing, distribution, and end-of-life management; recycling solutions; and technologies and services, such as digital material passport, life cycle assessment tools, robotics, AI-based sorting, and data analytics platforms. A detailed analysis of key growth accelerators with examples of companies to watch is also provided. Author: Paulina Blaszczyk
More Information
Deliverable Type Market Research
Author Paulina Blaszczyk
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number MH46-01-00-00-00