Sustainable clothing refers to the clothes created while considering the environment & humanity. Its goal is to have a system that leaves zero negative footprints on the environment. The industry is rapidly growing despite the ongoing pandemic & high costs associated with sustainable clothing as buyers have switched to online channels to find their favorite clothes that they couldn't find offline.
According to the world bank, the fashion sector is responsible for 10% of global carbon emissions, which exceeds the combined emissions from international flights & maritime shipping. At this pace, the sector's greenhouse gas emissions will rise more than 50% by 2030. Hence, with these surging carbon emissions, the demand for eco-friendly materials is expected to significantly increase, which, in turn, would boost the market during 2021-26.
Moreover, the mounting penetration of social media results in increased awareness regarding the environmental impacts of the clothing industry, which shall also augment the market growth during the forecast years, further states the research report, "Global Sustainable Clothing Market Analysis, 2021."
|Study Period||Historical Data: 2016-19|
|Base Year: 2020|
|Forecast Period: 2021-26|
|Regions Covered||North America: USA, Canada, Mexico|
|Europe: Germany, UK, France, Italy, Spain|
|Asia-Pacific: China, India, Indonesia|
|South America: Brazil, and Argentina|
|Middle East & Africa: UAE, Saudi Arabia, South Africa|
|Key Companies Profiled||Finisterre, Patagonia, Pact Clothing, Everlane, Able, Tentree, Boden, Kotn, Alternative Apparel. Ref Jeans by Reformation, Others|
|Unit Denominations||USD Million/Billion|
COVID-19 Outbreak Significantly Impacted the Global Sustainable Clothing Market