Circular Economy in Apparel – Thematic Research
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Circular economy aims to retain as much value as possible from materials in use to create a system that allows extended end-of-life through optimal reuse, refurbishment, remanufacturing, and recycling at each stage. Global cooperation is needed to create policies toward adopting a circular plastic economy.
The circular economy in apparel thematic intelligence report assesses how circular economy can be used in the apparel industry to reduce waste. It provides an overview of the current landscape, including technology, regulatory, and macroeconomic trends. The report provides an industry-specific analysis based on GlobalData databases and surveys.
Key Trends
The main trends shaping the circular economy space in the apparel industry are classified into three categories: technology trends, macroeconomic trends, and regulatory trends.
- Technology trends: The key technology trends impacting the theme are the availability of digital platforms and mobile apps for recycling and AI.
- Macroeconomic trends: Some of the key macroeconomic trends explained in the report are COVID-19 global impact, global recession, and sharing economy.
- Regulatory trends: Ban on single-use plastics, circular economy plan, and international co-operation are a part of the regulatory trends impacting the circular economy in the apparel industry.
For more insights on key trends impacting the circular economy in the apparel industry, download a free report sample
Circular Economy in Apparel – Industry Analysis
The apparel industry market size was $3 trillion in 2020. Achieving high recycling rates for products and devices can offer opportunities to reduce the dependency on imported materials. Moreover, circular economy can offer an economic opportunity to the fashion industry across the value chain.
Circular economy in the apparel industry analysis also covers:
- Partnerships
- Timeline
Circular Economy - Value Chain Analysis
The value chain for circularity in retail has five stages: design, manufacture, distribute, retail use, and recycle/reuse.
Design: The circularity of a product is defined by the way it is designed. Retailers and brands must collaborate with suppliers to introduce more raw materials which are either recycled or have a longer period of usability aiding multiple recycles. Retailers must phase out substances of concern while designing the product and look for alternatives that are more sustainable and circular. There must be transparency along the value chain to effectively phase out such materials at each stage.
Circular Economy Value Chain
For more circular economy value chain insights, download a free report sample
Leading Companies in the Circular Economy Theme
Some of the leading companies making their mark within the circular economy theme:
- Adidas
- Amazon
- Depop
To know more about the leading companies associated with the circular economy theme, download a free report sample
Circular Economy in Apparel Overview
Report Pages | 22 |
Market Size (2020) | $3 trillion |
Regions Covered | Global |
Key Trends | Technology Trends, Macroeconomic Trends, and Regulatory Trends |
Value Chain | Design, Manufacture, Distribute, Retail Use, and Recycle/Reuse |
Leading Companies | Adidas, Amazon, and Depop |
Scope
This report provides:
- Insight into the theme of circular economy within the apparel sector.
- Overview of what the circular economy is, why it is important to apparel retailers, suppliers, and consumers, and why it needs to become a core focus of apparel businesses.
- Outlines of the apparel operators that are the market leaders within this theme, responding to the 10 key circular economy aspects, while also revealing the challengers that are set to benefit from the circular economy.
- Discussions on the key technological, macroeconomic, and regulatory trends impacting the theme and an overview of mergers, acquisitions, and partnerships of companies in the realm of circular economy.
Reasons to Buy
- Gain a better understanding of the circular economy theme and how this is leading to changes in the apparel market and gain insight into the players that are set to benefit from the rising importance of this theme.
- Understand how the theme of circular economy has been impacted by the COVID-19 pandemic.
- Better understand the key technological, macroeconomic, and regulatory trends impacting the circular economy theme, so you can shape your long-term strategy.
- Discover how key players are investing in the circular economy, providing greater clarity on the actions of competitors.
- Gain a better understanding of the actions adopted by apparel operators that are proving successful within the theme of circular economy.
- Learn about the three different areas of technology that drive circularity today.
Amazon
Banana Republic
Bank & Vogue
Burberry
Circular System
Danone Aqua
Depop
Evrnu
Fashionphile
Fast Retailing
Fjong
GAP
Giuliva Heritage
Graapz
G-Star Raw
H&M
Happen
Hasbro
HFS Collective
IKEA
Indigoware
JD.com
JW PEI
Levi's
Looop
Lyfcycle
Mud Jeans
Nike
Nisolo
Nordstrom
Nudie Jeans
Nuuly
Patagonia
Queen of Raw
Quicksilver
Rebag
Recover
RecycleNation
Renewcell
Renoon
Rent the Runway
Repack
Selfridges
Skopes
Spiber
Spindye
Stella McCartnet
Suntory
Target
The RealReal
ThredUp
Too Good To Go
Trash Chaos
UNIQLO
UpCircle
Vinted
Walmart
Waste Connect
Wellthread
Worn Again
Table of Contents
Frequently asked questions
-
What was the apparel industry market size in 2020?
The apparel industry market size was $3 trillion in 2020.
-
What are the key technology trends shaping the circular economy space in the apparel industry?
The key technology trends impacting the theme are the availability of digital platforms and mobile apps for recycling and AI.
-
What are the key macroeconomic trends shaping the circular economy space in the apparel industry?
Some of the key macroeconomic trends explained in the report are COVID-19 global impact, global recession, and sharing economy.
-
What are the key regulatory trends shaping the circular economy space in the apparel industry?
Ban on single-use plastics, circular economy plan, and international co-operation are part of the regulatory trends impacting the circular economy in the apparel industry.
-
What are the components of the value chain of circular economy?
The value chain for circularity in retail has five stages which are design, manufacture, distribute, retail use, and recycle/reuse.
-
Which are the leading companies within the circular economy in apparel industry theme?
Some of the leading companies making their mark within the circular economy in apparel theme are Adidas, Amazon, and Depop.
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