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Huge potential of recycled textile in Bangladesh: GFA

Nov 26, 2021
Huge potential of recycled textile in Bangladesh: GFA

Bangladesh has a potential to produce $1.2 billion worth of recycled textiles and garment items as the country has a big production base of cotton fibre made clothing items. This is according to a new study by the Global Fashion Agenda (GFA) and the Mackinsey & Company.

In total, six major manufacturing countries – Vietnam, Turkey, India, Malayasia, Indonesia ad Bangladesh have $ 4.5 billion market opportunity in this post-industrial recycling opportunity, according to McKinsey’s analysis.

According to the Circular Fashion Partnership (CFP) Scaling Circularity Report, there is huge economic potential to scale this model beyond Bangladesh.

The government will remain with the project although there will be a lot of challenges to implement it in the country, said Faiyaz Murshid Kazi, director general of the foreign ministry’s wing for west Europe and European Union.

The apparel industry of Bangladesh has been showing its resilience even during the time of pandemic, he said.

Circular materials are key to ensuring a more sustainable fashion industry as 40 percent of greenhouse gas (GHG) emissions come from material production.

From November 2020 until November 2021, the CFP has mapped and traced 1,013 tonnes of textile waste on the Reverse Resources Platform (0.2 per cent of waste in Bangladesh), now regularly tracing over 200 tonnes a month.

The CFP is a cross-sectoral programme, led by Global Fashion Agenda with Reverse Resources and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), with the support of Partnership for Growth.

Source: The Daily Star

Image Source: Google Images

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