The size of the Sustainable Apparel Market Growth was USD 10.22 billion in 2022 and is projected to reach USD 20.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2023 to 2030.
In 2022, the Sustainable Apparel Market recorded a valuation of USD 10.22 billion. Over the next decade, it is anticipated to witness substantial growth, with a projected value of USD 20.51 billion by 2030. This growth trajectory reflects a robust compound annual growth rate (CAGR) of 9.1% during the forecast period spanning from 2023 to 2030.
The Sustainable Apparel Market, which encompasses environmentally friendly and socially responsible clothing, is poised for significant expansion. With increasing consumer awareness and demand for sustainable fashion, the market is expected to experience steady growth over the next decade.
Furthermore, the market's growth is driven by various factors, including the rising adoption of sustainable practices by apparel manufacturers, the implementation of stringent regulations promoting sustainable production, and the growing preference for eco-friendly clothing among consumers.
As sustainability becomes a key consideration for both businesses and individuals, the Sustainable Apparel Market presents lucrative opportunities for industry players. By aligning their strategies with sustainable practices and offering eco-friendly clothing options, companies can tap into this growing market and establish a competitive edge.
In conclusion, the Sustainable Apparel Market is projected to witness substantial growth, with a projected value of USD 20.51 billion by 2030. This growth is driven by increasing consumer demand for sustainable fashion, the adoption of sustainable practices by apparel manufacturers, and the implementation of regulations promoting environmentally friendly production. Industry players can capitalize on this trend by embracing sustainability and offering eco-friendly clothing options to meet the evolving needs of conscious consumers.
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Key Players:
Some major key players in the Sustainable Apparel market are Pact Clothing, Finisterre, Everlane, Patagonia, Tentree, Kotn, Able, Boden, Carnegie and other players.
MARKET SEGMENTATION:
By Material
- Organic Cotton
- Bamboo Fabric
- Polyester
Historically, the sustainable apparel market has been by organically grown cotton. Organic cotton holds the market share of 60%. Given the reduced impact on the environment, it has become a favourite choice. In order to promote soil health and reduce water pollution it is cultivated with organically produced cotton without the use of artificial pesticides or fertilisers. Organic cotton clothing is frequently preferred by consumers who are looking for sustainable and eco friendly options.
By Product Type
- Animal Free Wool
- Cruelty Free Leather
- Cruelty Free Silk
- Vegan Fur Made
- Eco-friendly Rubber
Cruelty free leather is dominating the product type segment with the market share of 38 %. This is due to increased demand for the leather product and growing concerns about saving the wildlife.
By Distribution Channel
- Online
- Offline
By End Use
- Men
- Women
- Kids
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Sustainable Apparel Market Growth By Material
9.Emulsion Sustainable Apparel Market Growth By End Use
10.Emulsion Sustainable Apparel Market Growth By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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