Abstract
This chapter explores the implementation of circular business models in the textile sector and the sustainability challenges in its implementation faced by the industry. It provides a wide-ranging outline of the key principles, strategies, and challenges related to adopting a circular business model in the textile sector. The chapter inspects the key components of circular business models, including product life extension strategy, product as a service model (Leasing or Renting), downcycling repurposing, and recycling. Further, it explores the strategies and initiatives employed by various textile companies to embrace circularity, such as closed-loop systems, product life extension, and material recycling. Furthermore, the chapter digs into the role of stakeholders, policymakers, and technological innovations in facilitating the transition to circularity.
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Batool, G., Mazahir, S. (2023). Circular Business Model. In: Batool, S.R., Ahmad, S., Nawab, Y., Hussain, M. (eds) Circularity in Textiles. Textile Science and Clothing Technology. Springer, Cham. https://doi.org/10.1007/978-3-031-49479-6_9
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