A study conducted by the Circular Fashion Partnership shows that Bangladesh can save up to 5% from recycling cotton waste every year because garment and textile factories produce a lot of scraps. One hundred million U.S. dollars. The organization promotes recycled materials in fashion.
A press release from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) stated that if Bangladesh recycles 100% of its cotton waste, its cotton imports could A reduction of about 15%, thereby saving US$500 million in costs.
In 2019, Bangladesh’s garment and fabric factories produced approximately 577,000 tons of waste, nearly half of which was 100% cotton waste. It is estimated that the value of the aforementioned cotton waste sold to the recycling market is as high as $100 million.
“Circular Fashion Partnership” is a cross-sector project led by “Global Fashion Agenda”, in partnership with “Reverse Resources” and Bangladeshi garment manufacturers In cooperation with the Exporters Association (BGMEA).
This project aims to support the development of the textile recycling industry in Bangladesh by obtaining and channeling waste materials from the later stages of fashion production and reinvesting them into new production processes. Bangladesh’s garment industry mainly relies on imported textile fiber raw materials, mainly cotton. In 2019, the country imported 1.63 million tons of cotton, with a total value of approximately US$3.5 billion.
Reverse Resources Company pointed out that with the improvement of existing recycling technology, Bangladesh is the country with the most low-end waste recycling business opportunities among all garment-producing countries. The recycling industry will not only save costs and reduce carbon footprint, but will also enhance the competitiveness of the country’s garment industry.
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