Report ID: SQMIG45E2279
Report ID:
SQMIG45E2279 |
Region:
Global |
Published Date: December, 2024
Pages:
203
|
Tables:
94 |
Figures:
71
Denim Fabric Market size was valued at USD 20.59 Billion in 2023 and is poised to grow from USD 21.5 Billion in 2024 to USD 29.05 Billion by 2032, growing at a CAGR of 4.40% during the forecast period (2025-2032).
In the whole textile value chain of many nations, including China, India, Bangladesh, Brazil, Italy, and others, the production of denim fabric is frequently seen as an industry that is constantly expanding. As cotton is readily available and denim is in high demand, the industry is expanding at a robust compound annual growth rate (CAGR) across the majority of the world's economies. Additionally, the competition is being fuelled by new manufacturers joining the global denim fabric market. As a result, denim fabric might become more reasonably priced. In the upcoming years, this element is anticipated to propel the denim fabric market's expansion.
Additionally, unbranded denim manufacturers are responsible for a significant portion of the usage of denim fabric. This might also provide the market for denim fabric with another boost in growth. Nonetheless, one of the main raw materials used to make denim fabric has been and still is cotton. However, due to several reasons, including bad weather, a decline in cotton production, the end of Chinese stockpiling, a drop in oil costs, and others, cotton prices are constantly fluctuating. Additionally, while China and India together produce half of the world's cotton, a significant amount is used by domestic cotton production before the remaining fraction is exported, with American cotton accounting for around 38% of the global export market.
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Report ID: SQMIG45E2279