Fashion Forward: Insights into the Global Apparel Market
The global apparel market size is anticipated to reach USD 2,263.98 billion by 2030 and is projected to grow at a CAGR of 4.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. As consumers are becoming aware of the social and environmental impact of apparel industry they are increasingly opting for eco-friendly and sustainable apparel. This has led to a surge in demand for clothing that's produced sustainably and ethically, using materials like recycled fabrics, organic cotton, and other eco-friendly alternatives. Consumers are pushing for brands to reduce waste, adopt transparent supply chains, and ensure fair labor practices. Moreover, sustainability is essential for businesses as well as it helps lessen their environmental impact and contributes to a more sustainable future. In recent years, a significant surge in D2C brands has been observed in the apparel industry. These companies bypass traditional channels such as retailers and w...