The global market for sustainable clothing is projected to be worth US$ 11.2 million in 2023 and to reach US$ 27.2 million by the end of 2033 at a CAGR of 9.3%.
Sustainable clothing is produced using textiles that are designed, created, and sold in a conscious, trustworthy manner that acknowledges and takes into consideration their socioeconomic and environmental implications. Also, consumers are favoring the use of eco-friendly materials to boost sales of sustainable clothing.
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Recycled or environmentally friendly clothing is a component of sustainable fashion. The recycling of textiles has expanded as a result of the circular economy and sustainable fashion concepts. In the past, used clothing or textile waste was either disposed of or distributed to people in need. Yet, the clothing ultimately ended up being burned and dumped in landfills where they clogged pipes or polluted the environment, among other things.
Waste garments are now recycled and used for a variety of reasons as environmental safety and recycling become more widely known. For instance, the clothing company H&M installed a machine that recycles used clothing into yarn or thread, which is then knitted into a new desired item.
Key Players Covered:
- Finisterre
- Patagonia
- Pact Clothing
- Everlane
- Able
- Tentree
- Boden
- Kotn
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Given that two-thirds of consumers are willing to pay more for apparel that is environmentally friendly. The market for sustainable garments is also being stimulated by the movement in customer preference toward the adoption of organic and sustainable products.
Although it is still in its early stages, India’s market for eco-friendly clothes is growing quickly. Manufacturers use cutting-edge manufacturing processes to produce clothing with no negative environmental impact.
Segmentation of Sustainable Apparel Industry Research
By Product Type :
- Bamboo fabric
- Organic cotton
- Polyester
By Material Type :
- Cruelty-Free Leather
- Vegan Fur Made
- Animal-Free Wool
- Cruelty-Free Silk
- Eco-Friendly Rubber
By End-User :
- Women
- Men
- Kids
By Sales Channel :
- Offline Channel
- Modern Trade Channels
- Direct-To-Customer Brand Outlet
- Offline Channel
Online Channel
- Brand Websites
- E-Commerce Websites
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- META
Some of the important questions covered in this study are as follows:
- What are the prominent growth factors that will harness growth for the Sustainable Apparel Market during the forecast period
- Which end-use industry will garner considerable growth for the Sustainable Apparel Market?
- Which region will emerge as a champion growth contributor during the assessment period?
- What are the obstacles surrounding the Sustainable Apparel Market?
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