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Second-Hand Fashion Market Trends

Report ID: GMI9640
Published Date: May 2024
Report Format: PDF

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Second-Hand Fashion Market Trends

Social media influencers, celebrities, and fashion bloggers usually advocate for sustainable fashion choices and Second-Hand clothing by sharing their thrifted findings. More people are exploring Second-Hand possibilities due to this visibility and endorsement, thereby changing public perception and increasing societal acceptance and normality of thrift store purchasing. The younger generations—Millennials and Gen Z in particular—place a higher value on ethical and sustainable consumption. As buying used goods becomes more common, the stigma attached to it is fading, in turn, stimulating market demand.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

North America chemical hydrogen generation industry size was USD 6.3 billion in 2023 and is projected to expand at 5.7% CAGR from 2024 to 2032, due to the rising implementation of robust policies and incentives to promote clean energy technologies.

The captive delivery mode segment in the North America chemical hydrogen generation industry is projected to account for more than USD 6 billion by 2032, owing to the rising demand for on-site hydrogen generation to eliminate the need for transportation and reduce associated costs.

The electrolysis segment in the North America chemical hydrogen generation industry is projected to depict over 5.5% CAGR between 2024 and 2032, led by the declining process cost owing to reduction in renewable energy sources prices, particularly solar and wind power.

Canada chemical hydrogen generation industry is projected to record more than USD 1.5 billion by 2032, due to the rising commitments to reduce greenhouse gas emissions and transition to clean energy.