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Sustainable Clothing Market Size

  • Report ID: GMI10224
  • Published Date: Jul 2024
  • Report Format: PDF

Sustainable Clothing Market Size

Sustainable Clothing Market size was valued at USD 3.3 billion in 2023 and is anticipated to register a CAGR of 9.5% between 2024 and 2032. Consumer awareness of the environmental and social impacts of fast fashion is growing. This has led to a growing demand for sustainable and ethically produced clothing.

 

The concept of circular fashion, which aims to minimize waste and use resources, is gaining recognition. This includes initiatives such as clothing lending, reuse and recycling programs. Consumers are demanding more transparency in the supply chain because they want to know where and how their clothes are made. Brands are responding by providing more information about sources, production processes and labor practices.

 

Consumers gradually adopt healthy and sports activities and comfortable fashion clothes. In addition, businesses and workplaces are increasingly accepting comfortable casual clothing such as sweatpants. In addition, the increase in the number of recreation centers and sports clubs at workplaces encourages employees to use sports products. The young generation and the working class need innovative design and functionality in addition to a wide selection of clothing. Manufacturers are introducing new products made of durable and high-quality materials that can be used in a variety of activities, including yoga, cycling, running, mountain climbing, snowboarding, skiing, sailing and other sports.

 

Many fashion brands outsource production, which can lead to ethical and environmental risks if those subcontractors are not held to the same standards of responsibility. Brands can lose visibility and control over working conditions and production processes further down the chain. Fashion supply chains are often fragmented, with different parts of production (e.g. material sourcing, manufacturing, finishing) dispersed across countries and regions. Coordinating sustainable practices and ensuring compliance with standards in these fragmented supply chains can be challenging.

 

Suppliers, especially smaller ones, may not have the resources and capacity to adopt sustainable practices or meet the sustainability criteria required by brands. This can create obstacles in the acquisition of sustainable materials and the implementation of environmentally friendly production processes. Different regions may have different regulatory frameworks related to environmental standards, labor practices and product safety. Navigating these regulatory landscapes adds complexity for global fashion brands and suppliers.

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of sustainable clothing reached USD 3.3 billion in 2023 and is set to witness 9.5% CAGR between 2024 and 2032, due to the rising awareness regarding physical fitness and personal grooming among millennials.

The pants and trouser segment in the sustainable clothing industry generated a revenue of USD 730.9 million in 2023 and is projected to reach USD 1.7 billion by 2032, as they are designed to be durable and easy to repair.

Asia Pacific market accounted for 45% share in 2023, driven by the younger population and urban consumers who prefer eco-friendly products.

Patagonia, EILEEN FISHER, Everlane, Under Armour Inc, Vuori, PANGAIA, Outerknown, ABLE, Hanesbrands Inc., Pact, Tentree, and Afends.

Sustainable Clothing Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 176
  • Countries covered: 21
  • Pages: 300
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