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Circular Economy: The Challenges and Opportunity in Fashion Recycling

In: Proceedings of the Business Innovation and Engineering Conference (BIEC 2022)

Author

Listed:
  • Izzaatul Saadah Desa

    (Universiti Utara Malaysia)

  • Pratiwi Noviana

    (IPB University)

  • Ratri Eka Yuniarsih

    (IPB University)

  • Yulia Farhana

    (IPB University)

  • Nur Hasanah

    (IPB University)

Abstract

To overcome environmental problems, experts developed the 3R concept (reuse, reduce, and recycle) to reduce community, industrial, and household waste. The 3R concept is a concept of integrating economic activities to create sustainability. Awareness of this problem has led to an increasing interest in the transition to a circular production model using the concept of the circular economy to optimize production with minimum resource consumption and side impacts, coupled with recycling waste made from the production process. The purpose of this paper is to discuss the circular economy as a whole, starting from the definition, challenges, processes, and advantages to make it easier for people to understand the circular economy concept, especially in fashion recycling. This research was carried out using the literature review method through collecting, reviewing, and reviewing articles discussing the circular economy using the keywords “circular economy,” “definition,” “challenges,” and “advantage.” The findings of this study indicate that a green economy will be the future compass for moving towards better awareness to protect our environment and the need to grow without sacrificing future generation resources potential. A circular economy could reduce pressure on the environment, improve the security of the supply of raw materials, increase competitiveness, generate stimulating innovation, and boost economic growth. Circular economy research in the Asian region is an essential consideration for future research.

Suggested Citation

  • Izzaatul Saadah Desa & Pratiwi Noviana & Ratri Eka Yuniarsih & Yulia Farhana & Nur Hasanah, 2023. "Circular Economy: The Challenges and Opportunity in Fashion Recycling," Advances in Economics, Business and Management Research, in: Siti Jahroh & Khairiyah Kamilah & Asaddudin Abdullah & R. Dikky Indrawan & Sulistyo (ed.), Proceedings of the Business Innovation and Engineering Conference (BIEC 2022), pages 204-213, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-144-9_20
    DOI: 10.2991/978-94-6463-144-9_20
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