Innovation Amidst Crisis: Textile Recycling's Call to Action
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- Published: Sunday, 14 April 2024 15:53
The recent pronouncement by the UK's Textile Recycling Association (TRA) has sent shockwaves through the industry, revealing that the country's textile recycling sector is teetering on the edge of collapse in the face of global market challenges. Against a backdrop of contrasting fortunes, exemplified by the struggles of Renewcell juxtaposed with the substantial investment in Syre, the textile recycling landscape appears both challenging and perplexing. Even those who have managed to navigate the treacherous waters find themselves grappling with the conundrum, while fresh capital continues to pour into new ventures.