Stat: Textile recycling economy gathers pace

The global clothing and textile recycling market is being cemented as a core pillar of fashion’s circular economy. Valued at £10.1bn ($13.6bn, €11.7bn) in 2024, the market is projected to reach £15bn ($20.2bn, €17.3bn) by 2031, expanding at a CAGR of 5.9%, according to findings from Valuates Reports.