Circular Fashion

What is Circular Fashion & why does it matter?

Circular fashion is centered on the circular economy’s ideals and benefits. The circular fashion industry prioritizes clothing that is made to last and circulate sustainably.
Clothing, shoes, and accessories that are designed, gathered, produced, and distributed to be used and circulated efficiently in the community for as long as possible in their most valuable form, and then returning safely to the biosphere when no longer of human use, are referred to as ‘circular fashion.’

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It’s a radical departure from the fast fashion model, in which clothing is mass-produced at poor quality, worn a few times, and then discarded. The fashion industry is operating in a highly inefficient manner.

Circular fashion strives to keep things in use for as long as feasible through channels such as rental, repairing, resale, and exchanging, rather than creating new products with fresh resources. When products can no longer be reused, they are regenerated to develop new resources.

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The significance of the Circular Fashion industry for the environment and industry.

The world population is set to reach nine billion people by 2030. Nature will face unprecedented challenges in meeting human demands. The purpose of circular fashion is to ensure that clothing is manufactured from safe and renewable materials, that innovative business models increase its use, and that old clothing is reused. We want to see the garment industry progress to a future where every material is securely used and reused, ecosystems are protected, and people have meaningful jobs. This is the circular fashion philosophy, as well as why it is so vital.

While the value of choice should not be underestimated, we should be more conscious of how many we genuinely need and where they come from.

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Upgrade your abilities as a professional in the business to contribute to the Circular Fashion movement.

In comparison to the take-make-waste approach, this system has numerous advantages.

Consider the following scenario:

Reduced waste – fewer waste items will be disposed of in landfills or burned.

Production has a lower environmental impact since it uses fewer raw materials and extracts fewer resources from the earth.

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According to research conducted by the Ellen MacArthur Foundation and McKinsey, Boost resource productivity- a circular strategy may boost Europe’s resource productivity by 3% by 2030, delivering cost savings of €600 billion per year and €1.8 trillion in other economic benefits.

The Future of Circular Fashion

According to the Fashion for Goods’ Future of Circular Fashion report, Rental, Subscription Rental, and Recommerce are three circular business models that will determine the future of circular fashion.

As consumers seek more environmentally friendly methods to shop, all three industries are seeing tremendous growth. Resale expanded 21 times faster than the retail apparel market during the preceding three years, according to ThredUp’s Second Hand Fashion Report from 2019.

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However, for the fashion industry to genuinely be circular, it cannot solely rely on the second-hand and fashion rental industries. There will always be a demand for first-hand clothing. Furthermore, second-hand or rental fashion does not work for more personal garments like underwear, a $30 billion business worldwide.

Author: Abhishek