PORTLAND, Oregon, January 10, 2022
PORTLAND, Oregon, January 10, 2022
As per the report published by Allied Market Research, “Denim Fabric Market by Raw Material (Cotton, Spandex, Polyester, and Others), Fabric Type (Raw, Sanforized, Crushed, Stretch, Selvedge, and Others), and End-Use Industry (Clothing & Apparel, Décor & Homeware, and Accessories): Global Opportunity Analysis, Historical Market Analysis, 2015-2020, and Industry Forecast, 2021–2030”. Allied Market Research published a report on the global denim fabric market. According to the report, the global denim fabric market generated $18.1 billion in 2020, and is estimated to reach $27.9 billion by 2030, witnessing a CAGR of 4.4% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Availability of denim fabric at affordable prices and new socio-economic trends drive the growth of the global denim fabric market. However, volatility in prices of cotton and environmental risks associated with the use of synthetic dyes restrain the market to some extent. On the other hand, emergence of biodegradable denim fabric presents new opportunities in the upcoming years.
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The denim fabric market analysis is done on the basis of raw material, fabric type, end-use industry, and region. Depending on raw material, the market is divided into cotton, spandex, polyester, and others. On the basis of fabric type, it is fragmented into raw, sanforized, crushed, stretch, selvedge, and others. By end-use industry, the market is divided into clothing & apparel, décor & homeware, and accessories. Region-wise, the market is analyzed across the Americas, Europe, Asia-Pacific, and MEA.
Based on fabric type, the raw segment held the largest market share in 2020, holding nearly one-third of the total market share, and is expected to continue its leadership status during the forecast period. However, the stretch segment is projected to register the highest CAGR of 5.2% from 2021 to 2030.
Based on raw material, the cotton segment held the highest market share in 2020, holding 92% of the total market share, and is expected to continue its leadership status during the forecast period. However, the same segment is also estimated to register the highest CAGR of 4.5% from 2021 to 2030.
By End Use
- Clothing and Apparel
- Décor and Homeware
The report showed that Asia Pacific region get the highest revenue share in 2020, getting nearly four-fifths of the entire market share, and is projected to continue its central lead by 2030.
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Notably, the recently published US Office of Textiles and Apparel (OTEXA) data, Bangladesh exported denim worth $520.16 million in the USA market from January to September 2021 calendar period. Registering a whopping 31.40% yearly increase.
Key Players in the Global Denim Fabric Market are:
- Advance Denim Co. Ltd.
- Arvind Limited
- CONE Denim LLC
- HA-MEEM Group
- House of Gold LLC
- Modern Denim Ltd.
- Noman Group
- Raymond UCO Denim Pvt. Ltd.
- The outbreak of the COVID-19 pandemic led to global lockdown and temporary closure of fabric production facilities, thereby affecting the overall growth of the global denim fabric market.
- It further disrupted the whole supply chain, leading to rise in prices of raw materials, especially cotton and cotton yarn. This factor decreased the production of denim fabric, especially during the initial phase.
- In addition, the falling income of customers had given way to contraction in the demand for premium denim products.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.