The Global Circular Fashion Market Is Driven By Sustainability.
Circular fashion refers to a regenerative system in which clothing are designed, sourced, produced and provided to customers in ways that maximize product lifespan and then recover products and materials at their end of use, to be recycled or reused. Circular fashion focuses on eliminating waste and pollution, circulating products and materials at their highest value, and regenerating natural systems. It involves extending the useful life of clothing through greater durability, reuse, remaking, and recycling.
Common Global Circular Fashion Market Demand in fashion include clothing rental services, clothing repair programs, clothing take-back schemes, and clothing recycling initiatives. The adoption of circular fashion helps reduce the environmental footprint of the fashion industry through sustainable business models and increased recycling.
The Global Circular Fashion Market is estimated to be valued at US$ 12.96 Bn in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 To 2031.
Key players operating in the circular fashion are D€TMAddario & Co., Fender Musical Instruments Corporation, Gibson Brands, Ernie Ball Inc., GHS Strings, C. F. Martin & Company Inc., Dunlop Manufacturing, Inc., Dean Markley USA, Inc., Kistron Co., Ltd., Rotosound Manufacturing Ltd., and DR Handmade Strings.
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