Denim is a necessary and stylish staple in any wardrobe right now. Denim is a fabric created from cotton that is coarse and heavy in texture. Initially, denim was developed for use in work garments before steadily gaining popularity as a fabric that is used in various forms of clothing.
The jeans industry is a thriving sector on a global scale with a projected growth rate of CAGR of 6.7 % during the forecast period of 2023-2029. The increasing demand for trendy and fashionable clothing is one of the primary factors driving the growth of the market.
In addition to fashion trends, the use of advanced technologies in the production process has contributed to the growth of the industry. “Advanced manufacturing techniques, such as laser technology and eco-friendly practices, are now being used to produce jeans. These technologies not only minimize waste but also reduce the use of water and energy, making it environmentally sustainable and cost-effective.
Moreover, the growing focus on sustainability and ethical production practices has led to a shift toward conscious consumption. Consumers are now more aware of the social and environmental impact of clothing production, which has led to an increase in demand for sustainable and ethical jeans. This trend is expected to continue, which will drive the industry for eco-friendly denim and the use of organic and recycled materials in the production process,” says Manjula Gandhi, CPO, Numero UNO.
The rise in urbanization and the expanding popularity of denim shirts are two key factors anticipated to support the denim market’s growth throughout the forecast period. “The increased demand for flexible denim jeans made by fusing cotton with synthetic material is also expected to fuel the denim market’s expansion.
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Another factor contributing to the growth of the jeans industry is the rise of e-commerce. Online retail enables brands to reach a wider audience, making it easier to adapt their offerings to the ever-changing consumer preferences. With the ongoing digitalization of the industry and the growth of online sales channels, the jeans industry is set to experience further growth in the future,” adds Gandhi.
Overall, the future of the jeans industry globally looks promising, driven by fashion trends, technological advancements, sustainability practices, and the rise of e-commerce.
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