The market growth primarily attributes to the rising awareness regarding the adverse environmental impacts of apparel manufacturers worldwide.
According to World Bank, 87% of total fiber input used for clothing gets incinerated or disposed of in landfills. The fashion industry is responsible for 10% of annual global carbon emissions, and it is likely to surge more than 50% by 2030. Likewise, the textile industry emits between 1.22 & 2.93 billion metric tons of CO2 into the atmosphere every year. The life cycle of textiles (including laundering) accounts for 6.7% of all global greenhouse gas emissions.
The growing number of sustainable fashion companies, surging investments in durable & sustainable fabrics, the launch of sustainable fashion collections by the existing giants are some other crucial factors likely to create lucrative growth opportunities for the global sustainable clothing market in the years to come, further states the research report, “Global Sustainable Clothing Market Analysis, 2021.” For example, in 2017, Mango, a Spanish fashion brand, launched a new sustainable clothing line collection made from naturally dyed organic & recycled materials.
Significantly Rising Popularity of Cruelty-Free Leather Clothing During 2021-26
?Based on the Material, the Global Sustainable Clothing Market segments into:
Here, the demand for Cruelty-Free Leather is expected to grow significantly during 2021-26. It owes to the stringent regulations by organizations, including PETA (People for the Ethical Treatment of Animals), which restrict the unfair treatment of animals for manufacturing leather, coupled with the rising trend of veganism among many consumers worldwide.
Moreover, many fashion brands banning leather derived from animals like crocodiles, snakes, and kangaroos shall further augment the popularity of cruelty-free leather over the forecast years. Additionally, the surging inclination of companies toward climate neutrality & enhancing their vegan range for leather entwined with the launch of plant-based leather shall also boost the demand for cruelty-free leather in the years to come.
“Global Sustainable Clothing Market Analysis, 2021” highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of market leaders and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.
Europe to Acquire the Largest Share of the Global Sustainable Clothing Market Through 2026
?According to the research report, the Global Sustainable Clothing Market expands across:
Of them all, Europe is projected to acquire the largest share in the Global Sustainable Clothing market during the forecast period. It is due to the growing population and declining prices of clothes across the region, which increases their sales and, in turn, surges textile waste. These aspects leading to the mounting social media penetration & consumer awareness regarding sustainable clothing are expected to expand the market size in Europe over the forecast years.
Further, the big fashion brands like H&M, Zara, Finisterre, and Mango in Europe have already announced their sustainability goals, which is another crucial factor likely to augment the market growth in the region during 2021-26. For instance, in 2019, Zara stated to make their entire clothing collection with 100% sustainable fabric like cotton & linen by 2025.
Key Competitors
According to MarkNtel Advisors, the leading industry players in the Global Sustainable Clothing Market are Finisterre, Patagonia, Pact Clothing, Everlane, Able, Tentree, Boden, Kotn, Alternative Apparel. Ref Jeans by Reformation, and Others.
Key Questions Answered in the Study
Market Segmentation: