Report ID: SQMIG45E2279
Report ID:
SQMIG45E2279 |
Region:
Global |
Published Date: December, 2024
Pages:
203
|
Tables:
94 |
Figures:
71
Due to its strong manufacturing setup, inexpensive production, and an increasing number of users, the Asia Pacific region is taking over the global denim fabric market. Nations such as China, India, and Bangladesh have become major manufacturers in denim production due to cheap labor and easy access to raw materials. Young urban men and women consume high-end denim, motivated by increasing disposable incomes, and it is this urbanization that is causing the demand. Additionally, the adoption of sustainable practices and innovations in fabric technology are enhancing the competitiveness of Asia Pacific manufacturers. This combination of factors positions the region as a powerhouse in the global denim fabric market.
As the domestic production bounces back and consumers’ inclination for high end, organic denim increases, North America’s denim fabric market is likely to be the fastest growing region in the world, denoting the consumer trends in this region. The region's ethic of eco-friendly practices and newer fabric technologies appeals to such consumers, hence the growth in sustainable denim. Furthermore, the expansion of e-commerce sites and DTC brands has also made it easier to access a variety of denim ranges and fashions. Gracing the denim market in North America, the enhanced spending of the fashion-centric millennials and Gen Z consumers who cherish distinct designs and eco-friendliness helped in creating a red ocean designed for growth in the next few years.
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Report ID: SQMIG45E2279