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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.
Report Attribute | Details |
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Base Year: | 2023 |
Sustainable Clothing Market Size in 2023: | USD 3.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 9.5% |
2032 Value Projection: | USD 7.5 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 300 |
Tables, Charts & Figures: | 176 |
Segments covered: | Type, material, price, end user, distribution channel, and region |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.