Global pre-owned clothing sales reached $211 billion in 2023, a 19% increase on the previous year, with a report by GlobalData for secondhand clothing resale site ThredUp predicting the market could reach $350bn by 2027. Worldwide secondhand sales are expected to increase three-times faster on average than the overall apparel market by 2027, the report predicts. Estimates of the fashion industry's greenhouse gas footprint range from, at the higher end, a 2019 World Bank analysis of 10% of global emissions, to 1.8% according to a 2023 report by the Apparel Impact Institute. The World Economic Forum Centre for Nature and Climate is actively promoting the transition to a circular economy through various initiatives. The objective is to create a more sustainable and resilient economic system by reducing waste and maximizing resource efficiency. MIRUM is created using a natural process that doesn't use harmful chemicals, unlike natural leather, and is not a pollutant, unlike 'pleather'...
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