Abstract
This chapter presents dominant circular business models among textile manufacturers, and challenges and new opportunities in the transition towards a circular economy. The chapter starts with an industry-specific literature review to identify global trends, key barriers, and opportunities for a circular textile industry. The further focus is on statistical circular economy performance within the Lithuanian textile industry in the context of small open economies. We then present the results of the original survey of Lithuanian textile manufacturers on their priorities towards the circular economy, as well as drivers and barriers. Finally, the chapter ends with the best circular business models and practices.
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Notes
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Utenos trikotažas. https://www.ut.lt/en/
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Vinted. https://www.vinted.lt/how_it_works.
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MAINAI. https://www.mainai.eu/.
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Plastic Bank® empowers the regenerative society. They build ethical recycling ecosystems in coastal communities, and reprocess the materials for reintroduction into the global supply chain as Social Plastic®.
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Togoh, I. (2019). A used-clothing marketplace is Europe’s newest and trendiest tech-unicorn. https://www.forbes.com/sites/isabeltogoh/2019/11/28/a-used-clothing-marketplace-is-europes-newest-and-trendiest-tech-unicorn/?sh=634d4ee94d9e.
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Dagilienė, L., Bruneckienė, J., Varaniūtė, V., Banionienė, J. (2023). Circular Transformation of the Textile Industry. In: Circular Business Models in the Manufacturing Industry. Studies in Energy, Resource and Environmental Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-28809-8_5
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DOI: https://doi.org/10.1007/978-3-031-28809-8_5
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