New study forecasts big increase in fashion resale, but more modest growth in rental, repair and recycling
PARIS - Circular fashion practices in Europe could grow from €20 billion in 2024 to €31.3 billion by 2030, an annual growth of 7.7%, according to a new report.
The study, from the Circular Fashion Federation, conducted with consulting firm KPMG, says the biggest increase will be in resale which it forecasts will grow from €15.9 billion to €26 billion by 2030 - an average annual growth of 8.5%.
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