Sustainable Fashion Market Size, Share, Growth, and Industry Analysis by Type (Mass, Premium‎), by Application (Shirt, Yoga Pant, Leggings, Shorts, Others), and Regional Forecast to 2032

SUSTAINABLE FASHION MARKET REPORT OVERVIEW

The global sustainable fashion market size was USD 10.8 billion in 2022 and the market is projected to touch USD 17.35 billion by 2032, exhibiting a CAGR of 9.46% during the forecast period.

The sustainable fashion market involves products made from biodegradable and organic materials through sustainably liable procedures and operations. This comprises clothing made from organic cotton, reprocessed fabrics, and plant-based polyesters that use fewer water and chemicals related to traditional materials. Customers are becoming more aware of influence of fast fashion on the atmosphere and are looking out for viable substitutes. Consumers become more conscious of the ecological impact of conventional textile making, there is an increasing demand for clothing made from viable materials. Reused materials, organic cotton, regenerated fibres, and other biodegradable materials are attaining popularity between biologically conscious consumers.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has tremendously affected the complete world. It caused many unexpected disruption and affected the industry. COVID- 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

LATEST TRENDS

"Use Of Innovative Products To Boost The Market Growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

SUSTAINABLE FASHION MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into mass, premium

Premium will capture the maximum market share through forecast period.  

• Mass: The emphasis is on making sustainable fashion at scale, often leveraging cost-effective sustainable materials and processes to ensure competitive pricing.
• Premium: This type targets consumers keen to pay a higher price for high-quality, viable fashion.

By Application Analysis

According to application, the market can be segmented into shirt, yoga pant, leggings, shorts, others

Sustainable fashion market players cover segment as shirt will dominate the market share during forecast period.

• Shirt: Sustainable shirts are made using biodegradable materials and processes. They can range from casual wear to formal shirts, providing several customer requirements.
• Yoga Pant: Yoga pants in the sustainable fashion market are planned for comfort, suppleness, and eco-friendliness. They are popular among health supporters and those who prioritize sustainable active wear.
• Leggings: Sustainable leggings are alike to yoga pants but are often used more largely, comprising in casual and athleisure fashion.
• Shorts: Sustainable shorts provide both casual and athletic markets. They are prepared from biodegradable materials and planned to offer comfort and durability.

DRIVING FACTORS

"Increasing Consumer Awareness & Demand To Boost The Market Growth"

Growing awareness about ecological matters and the impression of fast fashion has led to an augmented demand for sustainable fashion. Customers are more informed about the ethical and ecological aspects of their purchases.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the sustainable fashion market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Innovations in sustainable materials, recycling technologies, and eco-friendly production processes are making it easier and more economical for companies to implement sustainable practices.

RESTRAINING FACTOR

"Lack Of Standardization To Hamper The Market Growth"

The lack of uniform classifications and certifications for sustainable fashion makes it tough for customers to make informed selections. It also complicates the marketing and labelling of sustainable products.

SUSTAINABLE FASHION MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

"North America to Dominate the Region Due To Growing Trend Of Conscious Consumerism"

North America is further expected to witness growth in the sustainable fashion market share. The region is dominating the market due to growing trend of conscious consumerism, especially among younger generations. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

KEY INDUSTRY PLAYERS

"Key Players Focus On Partnerships To Gain Competitive Advantage"

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

• Adidas AG (Germany)
• Under Armour Inc. (U.S.)
• Hanesbrands Inc. (U.S.)
• Patagonia, Inc. (U.S.)
• Pact, LLC (U.S.)

INDUSTRIAL DEVELOPMENT

January 2022:   Adidas and Allbirds collaborated to produce performance running shoes that have the latest environmental impact.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.