Industry faces a 133 million tonne shortfall by 2030
Latest industry insights highlight the urgent need for fashion brands to increase use of raw materials with a lower environmental impact, like regeneratively farmed cotton and recycled polyester, to meet decarbonization targets and comply with upcoming sustainability regulations. Without proactive steps, the industry faces a 133 million tonne shortfall by 2030, according to a new analysis by Boston Consulting Group (BCG), Textile Exchange and Quantis.
Supply of lower impact raw materials will need to dramatically increase by 2030 for the industry to align with incoming regulation and decarbonisation commitments.
But without greater investment and commitment from brands there will not be a sufficient increase in production of fibres like regenerative cotton or recycled polyester.
At present, the industry is facing a 133 million tonne shortfall by the end of the decade, according to new analysis by BCG, Textile Exchange and Quantis.