Global Sustainable Clothing Market Outlook: Rapid Rise in Textile Waste to Drive Market Through 2026 – ResearchAndMarkets.com

0

DUBLIN – (COMMERCIAL THREAD) – The report “Global Sustainable Clothing Market Research Report: Forecast (2021-2026)” has been added to ResearchAndMarkets.com offer.

According to the World Bank, the fashion industry is responsible for 10% of global carbon emissions, which exceeds the combined emissions from international flights and shipping. At this rate, the sector’s greenhouse gas emissions will increase by more than 50% by 2030. Thus, with these rising carbon emissions, the demand for environmentally friendly materials is expected to increase significantly, which , in turn, would stimulate the market in 2021. -26.

Moreover, the increasing penetration of social media leads to increased awareness of the environmental impacts of the garment industry, which will also increase the growth of the market during the forecast years, further states the research report, Global Sustainable Clothing Market Analysis, 2021.

The COVID-19 outbreak has had a significant impact on the global sustainable clothing market

  • Last year, the COVID-19 pandemic and the resulting economic shutdowns created unprecedented challenges for the apparel industry, including reduced consumer spending and disrupted supply chains.

  • The pandemic has affected the global sustainable clothing market mainly due to international trade restrictions, supply chain and logistics disruptions, order cancellations and a sudden drop in demand.

  • However, the growing environmental awareness encouraging many consumers to switch to more sustainable and greener clothing choices will have a positive impact on the fashion industry.

  • In addition, sustainability is the new trend and more and more consumers are demanding it. For example, according to a story posted on the United Nations Environment Program website in June, designer Nimco Adam, “Queen of the Tie-Dye,” realized during the pandemic that chemical dyes had severely affected her health. and the environment. This inspired her to make sustainable development part of her work ethic and part of her life.

  • Likewise, this awareness has prompted many consumers and businesses to embrace sustainable lifestyles.

Market segmentation

By material:

Among them all, the demand for cruelty-free leather clothing is expected to increase significantly during 2021-26. The imposition of strict regulations regarding animal rights and the growing inclination of customers towards animal-free products are at the origin of the segment cited above.

In addition, the growing awareness of vegan leather, increased funding for plant-based leather production companies, and the ban on the use of leather derived from animals such as crocodiles, snakes and kangaroos by fashion brands are other crucial factors that are expected to drive the segment. For example: Beyond Leather Materials, a company that produces plant-based and eco-friendly alternatives to animal leather, raised a seed investment fund of $ 1.31 million in 2020 to advance its production facilities.

In addition, the climate neutrality goals set by companies to increase the vegan range for leather, linked to the launch of plant-based leather, will further drive cruelty-free leather clothing to gain popularity in 2021-2026. In 2020, Adidas has “given up” on animal fur and aims to achieve global climate neutrality by 2050.

By product:

Recycled Products Rise Dramatically In The Global Sustainable Clothing Market

The booming textile waste in landfills, creating a significant impact on the environment, is the main factor driving the demand for recycled products on a global scale. It is estimated that 21 billion tonnes of textile waste is sent to landfills each year due to a lack of recycling.

In addition, around 87% of the total fabrics used in clothing are disposed of without recycling in landfills, creating a serious impact on the environment. Additionally, companies use recycled materials like polyester because it requires less energy to produce the initial polyester and reduced reliance on fossil fuels.

Regional landscape:

Europe to acquire largest share of global sustainable clothing market in 2021-2026

The increase in consumer purchasing power due to the increase in textile waste due to falling clothing prices, increasing inclination towards e-commerce and growing consumer awareness of sustainable fashion are the main factors that are expected to increase the size of the market in Europe.

In addition, the strong presence of leading fashion brands such as Zara, H&M, Finisterre and Mango in the region encouraging consumers to adopt sustainable clothing through their various sustainability goals such as the use of 100% sustainable fabrics, the launch of ethical brands and various recycling programs should further stimulate the regional market in the years to come.

In 2019, Zara announced that it would manufacture all of its garments with 100% sustainable fabrics like cotton and linen by 2025. Likewise, in 2021, H&M launched a new concept of sustainability by launching sustainable manufacturing.

Market dynamics

Rapid increase in textile waste to drive the market until 2026

The clothing industry is one of the most polluting sectors in the world. Therefore, many clothing manufacturers and consumers are turning to sustainable clothing. According to the United Nations Environment Program (UNEP), 87% of the total fiber input used for clothing is burned or disposed of in landfill. Additionally, most fabrics are made from crude oil, which results in the release of a large volume of plastic microfibers into lakes and the ocean.

Possible challenges

Lack of standardization could restrict market size in 2021-2026

The surge in vague sustainability claims from several brands is leading to a drop in trust among potential customers. In addition, companies are adopting a greenwashing marketing strategy to assure consumers that their products are environmentally friendly and to forge an environmentally responsible image.

Another factor that may limit the growth of the market in 2021-2026 is the lack of consumer knowledge regarding the environment and the social concerns associated with fashion.

Companies mentioned

  • Finisterre

  • Patagonia

  • Covenant Clothing

  • Everlan

  • Able

  • Tempted

  • Boden

  • Kotn

  • Alternative clothing

  • Ref Jeans by Reformation

For more information on this report, visit https://www.researchandmarkets.com/r/mqu21w

Leave A Reply

Your email address will not be published.