Latest news with #CircularEconomyActionPlan
Fibre2Fashion
11 hours ago
- Business
- Fibre2Fashion
Textile recycling could cut COâ by 440,000 tonnes a year: Research
Reaching a modest 10 per cent textile-to-textile recycling rate by 2035 could cut CO2 emissions by 440,000 tonnes annually and reduce water scarcity impacts by over 3 per cent—or 8.8 billion m³ world equivalent, according to findings from the IVL Swedish Environmental Research Institute. Despite rising concerns over fast fashion's sustainability, global textile-to-textile recycling remains critically low—at only around 1 per cent. However, advanced recycling technologies could lift that rate to 26 per cent by 2030. The research, which examined five key recycling processes and used Monte Carlo modelling, showed a 92 per cent probability of reducing climate impacts and a nearly 100 per cent chance of bringing water scarcity improvements. The average reduction in climate impact of the new approach, compared to 'business as usual', was 0.5 per cent. With the EU aiming to make all textiles placed on the market durable, repairable, and recyclable by 2030 under its Sustainable and Circular Textiles Strategy, the study underscores the need for policy support to scale fibre-to-fibre recycling. This includes improvements in textile collection and sorting, quality of recycled fibres, and mechanisms such as taxes on virgin materials to shift industry norms. Researchers emphasise that while recycling must increase, the processes themselves also require enhanced efficiency to ensure that recycled fibres can effectively replace virgin counterparts. The findings add weight to calls for coordinated EU action under frameworks like the Energy Efficiency Directive and Circular Economy Action Plan. A 10 per cent textile-to-textile recycling rate by 2035 could cut COâ‚‚ emissions by 440,000 tonnes annually and ease water scarcity by over 3 per cent, said IVL. With current rates at just 1 per cent, advanced recycling could boost it to 26 per cent by 2030. The study has urged EU policy support to improve fibre recycling efficiency and infrastructure. Fibre2Fashion News Desk (HU)
Euronews
28-05-2025
- Business
- Euronews
Circular Economy Act: what are the European Commission's tools to get the economics right?
'We have a lot of policy already, what we need is to get the economics right', European Commissioner for the Environment Jessika Roswall told Euronews. Roswall is the architect of the EU Commission's future Circular Economy Act, which is to succeed the Circular Economy Action Plan (CEAP) adopted five years ago. The initiative should include updating existing rules to foster 'circular competitiveness' and boost the EU's recycling rate. In 2022, only 12% of products consumed came from recycling. The plan could include a revision of the WEEE (Waste from Electrical and Electronic Equipment) Directive, which governs the rules and targets for the collection and treatment of e-waste, from small batteries to photovoltaic panels. In almost 20 years, the WEEE Directive has led to a tenfold increase in the amount of e-waste recovered and properly treated in the EU, but not all member states have achieved the targets set. Quantities of WEEE are still not collected, improperly treated or illegally exported. The EU wants to increase the proportion of recovered materials in order to reduce the proportion of virgin materials imported for new electrical and electronic equipment. The Circular Economy Act should focus on the recovery of critical raw materials. This strategy is presented as a means of strengthening the EU's economic security against a backdrop of international trade tensions. 'The circularity numbers are too low. This geopolitical situation must be the time when we actually go circular', Commissoner Roswall told Euronews. In 2024, the EU adopted the Critical Raw Materials Act (CRM Act), which is intended to strengthen the EU's security of supply of a series of metals and other components essential to the green and digital transitions. The European Union has drawn up a regularly updated list of materials considered 'critical', such as rare-earth metals, copper or cobalt, and another of materials considered 'strategic', such as bismuth and magnesium metal. The EU's objective is to achieve a recycling rate of 25% of CRMs, compared with around 1% today. This requires investment in the necessary infrastructure as part of the Clean Industrial Deal presented last year. The circular economy should also apply to other sectors of the economy, such as construction, textiles and the automotive industry. The Act in preparation is set to provide for the revision of the Waste Framework Directive and promote the creation of a 'common market for waste'. Despite efforts at harmonisation, the existing fragmentation between national requirements, as in the case of Extended Producer Responsibility (EPR) systems, raises problems of competition and costs. An intra-EU waste market is wanted by Brussels, which conversely recently tightened the rules against the export of waste outside the EU. 'We need to change our mindset and see waste as an asset', Roswall added, specifying that she also considered water as waste. The EU recently strengthened its legislation on urban wastewater. It plans to maximise the reuse of water for irrigation in the continent's largest treatment stations. Alongside recycling, the EU is also encouraging the extension of product lifetimes. The Ecodesign for Sustainable Products Regulation (ESPR) entered into force in 2024, and is aimed at creating economic opportunities in remanufacturing, recycling or repair. The European Commission has put forward the concept of a 'right to repair', in the form of incentives to make repairing products easier and more attractive, in order to reduce waste. A directive aimed at 'Empowering consumers for the green transition' was also adopted to offer consumers better information on the products durability. According to a 2020 survey, 77% of Europeans said they would rather repair their goods, but had to buy new ones because of the lack of repair services.
Arab News
14-03-2025
- Business
- Arab News
How the circular economy can reach its full potential
Integrating systems thinking with circular economy models can enhance environmental sustainability, improve resource efficiency, and build long-term resilience. Systems thinking provides a framework for understanding how different elements within a system interact. When applied to sustainability, it helps assess the broader impact of environmental strategies. The circular economy, meanwhile, focuses on keeping resources in continuous use by repurposing materials and regenerating them for future applications. A key approach within this framework is life cycle analysis, which evaluates a product's environmental impact from resource extraction to disposal. According to a 2023 report by the Ellen MacArthur Foundation, companies that adopt LCA strategies can reduce material use by 30 percent and lower their carbon footprint by 20 percent. By transforming waste into raw materials, circular economy systems drive better product design and environmental progress. Businesses that implement systemic innovation see, on average, a 25 percent improvement in operational performance and a 15 percent reduction in production costs. For circular economy initiatives to succeed, collaboration is essential. Governments, businesses, local communities, NGOs, and academic institutions all play a role in driving sustainable change. The EU, for example, has developed the Circular Economy Action Plan, which sets recycling targets, funds eco-innovation projects, and assigns sustainability responsibilities to manufacturers. Standardized regulations help businesses transition to circular models, making them more competitive while also reducing costs. Academic institutions contribute by researching sustainable materials and designing efficient circular systems. At the same time, NGOs and community groups advocate for policy changes, educate the public, and engage in grassroots efforts to promote circular practices. For the circular economy to reach its full potential, positive stakeholder engagement and a systems-oriented approach are crucial. Majed Al-Qatari According to the Circular Economy Alliance, organizations that collaborate with multiple stakeholders achieve 40 percent better results in their circular projects than those working alone. Joint efforts not only foster innovation but also accelerate the adoption of sustainable practices across industries. Despite its benefits, stakeholder engagement in the circular economy faces several challenges. Different groups often have competing priorities. Businesses focus on profitability and operational efficiency, while governments continue to emphasize traditional economic growth over sustainability targets. Environmental organizations and local communities push for greener policies but frequently clash with industries over costs and feasibility. Additionally, 60 percent of small businesses and non-professional groups find circular economy practices difficult to implement, leading to reluctance in adopting new models. This hesitancy, combined with fragmented funding, slows the large-scale transition to circular systems. For the circular economy to reach its full potential, positive stakeholder engagement and a systems-oriented approach are crucial. Aligning sustainability efforts with a broader understanding of interconnected systems creates solutions that balance environmental protection, social well-being, and economic growth. By fostering collaboration, embracing innovation, and minimizing waste, societies can build a more sustainable future — one that benefits both current and future generations. • Majed Al-Qatari is a sustainability leader and ecological engineer experienced in advancing environment, social, governance and sustainability goals.
The Independent
12-03-2025
- Business
- The Independent
How to turn your DPP requirements into retail opportunities
Checkpoint Systems is a Business Reporter client James Barker, Director of Global Product Solutions at Checkpoint Systems, reveals how the right DPP solution can yield real business benefits for clothing retailers. Have you started planning your digital product passport (DPP) rollout? At the time of writing, the legislation will come into effect by 2028 and will impact all retailers putting apparel into the European market. The new legislation won't just fundamentally change the future of retail from the consumer's perspective; it'll irrevocably alter business infrastructure too. And each day brings the deadline closer. However daunting DPP implementation may seem, there are plenty of sustainability and business benefits to be gained as part of the transformation. Investing in the right digital platform and labelling combination could expedite ROI, improve efficiency, lower costs and achieve sustainability goals. What is DPP legislation and how will it impact apparel retailers? DPP legislation is part of the European Commission's Circular Economy Action Plan (CEAP) and a fundamental pillar of the European Green Deal. CEAP aims to promote circular economy processes by encouraging thoughtful product and packaging design and waste reduction. To help keep things transparent, some of this information will be available to customers through DPPs. A Digital Product Passport has two components: a centrally stored, digital source of product information and a DPP 'carrier' that is permanently attached to the product. Shoppers can scan the DPP carrier label with a smartphone and access that item's digital product information. This information should be easy to access on the shop floor and available until the end of that product's lifespan. To comply with DPP legislation, you'll need to gather environmental data on new and existing products, completely overhaul garment labelling and find a secure digital platform to store all that information for a decade or more. Given the dual challenge of compliant labelling and secure infrastructure, retailers should aim to find a partner experienced in both, with the proven ability to help secure a fast return on investment. With that in mind, our apparel labelling team developed CheckLINQ. CheckLINQ is Checkpoint System's data-centric answer to the digital component of DPP legislation and sits alongside our various compliant labelling options to give Checkpoint clients a scalable end-to-end solution. The platform, which we've already successfully piloted with an international apparel retailer, offers encrypted, GDPR-compliant information storage for millions of item-level data points. It uses robust APIs to pull product information from almost anywhere and sorts it into a compliant, customer-ready format. Although details on specific DPP data points aren't expected until late 2025, CheckLINQ's back-end can easily be modified to accommodate new information – as a CIRPASS2 member, we're well-placed to understand the requirements as and when they happen. Adopting now can help future-focused retailers get ahead while being flexible enough to give compliance for other environmental legislations, such as France's AGEC (currently live), which CheckLINQ has already been successfully piloted for. CheckLINQ's data-first, flexible back-end is what sets it apart from other DPP solutions on the market. We used our years of experience managing data connections through our CheckNet platform – which currently processes data from 14 million radio-frequency identification (RFID) labels per week – to create a platform capable of reliably meeting DPP requirements with seamless ease. Order less, sell more It's possible to reduce your carbon footprint and stock costs by using intelligent labelling solutions such as RFID as part of your DPP labelling overhaul. RFID inlays can provide quality data and inventory transparency with up to 99 per cent accuracy throughout your supply chain. Knowing exactly what you have and where can facilitate more accurate forecasting, smarter ordering and better allocation while allowing location-based merchandising, faster replenishment and reallocation. You'll send less deadstock to landfill, potentially reduce your carbon footprint and unlock the full value of your stock. Product authentication Your DPP labelling overhaul could also be an excellent opportunity to stamp out grey market activities, safeguard your brand and inspire consumer confidence. By integrating our NFC dual technology inlays or anti-clone QR codes into your new labels, you can empower consumers and authorised pre-loved resellers with the ability to verify genuine items with the scan of a smartphone. There's even potential to expand into innovative new areas, such as creating one-off digital twins or NFTs for your products. It's all possible with the right labelling partner. Enhanced consumer trust and engagement According to PwC's Voice of the Consumer Survey 2024, nearly a third of respondents felt transparency around environmental, societal and governance matters was crucial in establishing better brand trust. Consumers can use a DPP to verify your green claims at the point of purchase, complete with specific details such as your Higg Index score, which can be integrated easily via CheckLINQ. You could even take things one step further by upgrading to our NFC-enabled DUÉ labels to create new opportunities for interactive smartphone-based in-store experiences. In a future where consumers are increasingly bringing their phones into the purchasing journey, it's an incredible opportunity to upsell, inspire and engage. Big changes need expert guidance For many retailers, the upcoming DPP rollout will be a massive undertaking. If that weren't enough incentive to seek expert guidance, the slew of potential business and customer benefits attached to your label and platform choices certainly are. Partners such as Checkpoint have experience managing data connections with proven data integrity through CheckNet and decades of experience supporting some of the world's largest retailers with apparel labelling projects. We believe DPP legislation goes beyond environmental accountability and transparency; it's also an opportunity to kickstart a new era for your brand. One that drives better value for you, your customers and the planet.
Yahoo
24-02-2025
- Business
- Yahoo
Polyethylene Terephthalate (PET) worth $64.01 billion by 2029 & Polybutylene Terephthalate (PBT) Resins Market worth $6.37 billion by 2029 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Feb. 24, 2025 /PRNewswire/ -- The report 'Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market by PET Type, PET Application (Bottles, Films, Food Packaging), PBT Application (Electrical & Electronics, Automotive, Consumer Appliance), Region - Global Forecast to 2029', exhibits high growth potential and is projected to reach a market size of USD 57.64 and USD 6.37 billion by 2029 respectively from USD 43.06 and USD 4.93 Billion in 2024 at a CAGR of 6.0% and 5.3% respectively. One of the largest markets for PET & PBT resin worldwide is the Asia Pacific area. The demand for PET & PBT resin is increasing in the bottles, packaging, electricals and electronics, and automotive industry. The demand from developing nations, such as China, India, and Brazil are expected to drive the global PET & PBT resin market. Browse in-depth TOC on 'Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market' 320 – Tables80 – Figures400 – Pages Download PDF Brochure: In Europe, rPET, by type segment is expected to be fastest growing type for PET resin market during the forecasted period. rPET (recycled polyethylene terephthalate) is expected to be the fastest-growing segment in the PET resin market in Europe due to rising environmental concerns and sustainability initiatives. European regulations, such as the Circular Economy Action Plan, encourage increased use of recycled materials. Consumer demand for eco-friendly packaging and advancements in recycling technologies also support this trend. Major brands are committing to using more rPET in packaging, further driving the growth of rPET in the European market during the forecast period. Bottle, by application segment hold the largest share in PET resin market during forecast period. The largest share in the PET resin market during the forecast period will likely be held by bottles due to their vast application in packaging beverages, food, and other consumer products. Bottles are made with PET as it is lightweight and strong, along with being relatively cheap. Bottles made of PET are therefore gaining increasing prominence due to the rising demand for bottled water, soft drinks, and other convenience food packaging, the trend toward sustainable packaging, and the developments in recycling technologies. Such advancements are set to positively imprint PET bottle market growth by accelerating their share. Request Sample Pages: Asia Pacific likely to be the fastest growing region of the global PBT resin market during forecasted period. The Asia Pacific region shall be a leading contributor to the global PBT (Polybutylene Terephthalate) resin market growth throughout the forecast period. This rise can be attributed to progression in industrialization, increased demand for automotive components, and growth of electronics and electrical sectors in the region. Countries including China, India, and Japan will be the fast-developing nations fueling the region's rapid manufacturing advancement and enlarging consumer markets. Also, the urge for high-performance materials in automotive and electronics is placing strong demand on PBT resins in the region. Request Customization: Indorama Ventures Public Company Limited (Thailand), Alpek, S.A.B. de C.V. (Mexico), SABIC (Saudi Arabia), BASF SE (Germany), Lotte Chemical Corporation (South Korea), Mitsubishi Chemical Group Corporation (Japan), and Jiangsu Sanfangxiang Group Co., Ltd. (China) are the key players in the global PET & PBT resin market. Get access to the latest updates on Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Companies and Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market Size Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting Related Reports: Recycled PET Market - Global Forecast to 2028 Molded Plastics Market - Global Forecast to 2027 Ceramic Sanitary Ware Market - Global Forecast to 2029 Graphene Market - Global Forecast to 2029 Paper Bags Market - Global Forecast to 2029 Biodegradable Plastic Additives Market - Global Forecast to 2029 Synthetic Leather Market - Global Forecast to 2029 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Sign in to access your portfolio
