Sumary of Up to 26% of textile waste in Europe could be recycled to make new clothes:
- To leverage the full potential of textile recycling, a total investment of 6 to 7 billion euros is required by 2030 in the entire value chain, including the collection, sorting and construction of recycling centers, Marcos explained.
- And more textiles were collected, between 18% and 26% of textile waste could be reused for the manufacture of new clothing by 2030, said Ignacio Marcos, senior partner and leader of the area of sustainability in consumption at McKinsey & Company.
- Investing in fibre-to-fibre recycling is valuable not only for sustainability reasons, but also because valuable new raw materials would be created during recycling, which would enable more textile production in Europe and would create additional value for the industry.
- Sandra Lucía, junior partner at McKinsey & Company in Spain, has detailed that fiber-to-fiber recycling, in which textile fibers are transformed into new fibers for clothing, is the most sustainable way of generating something new and of value to from the waste.
- These are the data presented in the report Scaling textile recycling in Europe: creating value from waste, prepared by the consulting firm, which analyzes and develops scenarios for the development of textile waste volumes and collection rates and recycling by 2030.
- McKinsey has indicated that the circular economy and waste recycling not only contribute to reducing the environmental footprint of the textile industry, but also provide numerous opportunities for the sector.
- Between 18% and 26% of the textile waste generated in Europe could be recycled to make new garments, according to a report by the consulting firm McKinsey & Company, which indicates that less than 1% of textile waste is currently used with that purpose and that only 30% to 35% are classified.