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Clothing fibers market size projected to reach $289.28 billion by 2030

Industry News, News | July 28, 2022 | By:

Photo: Lenzing AG.

Clothing fibers are long, fine strands or threads that can be knitted or woven into fabric. Not only do they produce the fabric, but they also affect the aesthetics, durability, comfort, appearance, retention, care, environmental impact, and cost of the final garment. Molecules are interwoven to form a linear, string-like structure that constitutes a fiber. It is possible to obtain fibers from a variety of natural sources, semisynthetic processes that employ naturally occurring polymers, and synthetic processes that employ polymer-based materials.

Higher Disposable Income Is Driving the Market

The expansion of the global apparel industry can be attributed to the increase in demand for clothing fiber. Increasing discretionary income among consumers in developing economies is an additional important factor driving the expansion of the apparel industry. The high purchasing power parity of consumers, particularly in the United States and Canada, is a significant factor driving the demand for luxury apparel and thereby fueling the market growth. An increasing number of consumers are investigating options and materials that are more cost-effective, more comfortable, and more durable. In addition, favorable demographics, rising per-capita income, rising spending capacity, easy accessibility and visibility through online channels, growing customer preference for branded and premium products, expanding fashion trends, and an emerging retail landscape in fashion brands are driving the market’s rapid expansion.

Social Media and Sportswear Are Driving the Market

The rising influence of social media platforms and reviews, videos, presentations, and marketing campaigns, among others, is a significant growth driver for the Clothing Fibers market in North America. Celebrity endorsements and fashion magazines, particularly those aimed at a younger consumer base, have also contributed to the development of fashion trends and particular materials and styles in the region’s countries.

The global growth of the clothing and apparel market has been positively impacted by the increased adoption of synthetic fiber clothing due to its comfort and ease of care. Moreover, the lightweight qualities of these garments have expanded their use in the production of sportswear and activewear, which is likely to further stimulate market expansion.

Demand for fibers and fabrics derived from a variety of sources, such as natural fibers, cotton fibers, and synthetics, has increased in response to the expansion of global fashion trends. Widespread application of sportswear and activewear, coupled with rising demand for multi-specialty garments, is anticipated to stimulate market expansion.

Rising Investments Will Create Newer Opportunities
Demand for clothing fibers is also being driven by growing investments by various apparel brands in smart clothing. A growing customer desire to express their individuality and make a fashion statement has also led to a surge in the popularity of smart clothing on the global market. For example, CuteCircuit produces clothing and accessories that can display messages, chats, and tweets. Moreover, researchers at Georgia Tech have created energy-harvesting yarns that can be knitted into washable fabrics. Energy-harvesting yarns operate by utilizing the benefits of static electricity; they can be woven into jumpers, socks, and other clothing and accessories; and these fabrics can harvest sufficient energy from a wearer’s body movement or motion to power a smartphone.

Regional Analysis
Asia-Pacific dominated the global market in 2020 and is anticipated to experience substantial growth over the forecast period. The rising demand for clothing and apparel products from the region’s growing population, combined with the adoption of western fashion trends, is anticipated to increase the demand for clothing fibres over the forecast period.

China’s garment and apparel industry is projected to experience significant growth over the forecast period as a result of rising population demand. The primary factors driving the demand for fashion apparel and clothing in the country are the rising per capita income of the country’s middle-class population, lifestyle changes, and evolving preferences for luxury brands and comfortable clothing.

Additionally, the United States and Canada are anticipated to drive the demand for high-end luxury clothing, which is expected to drive the demand for clothing fibers in the coming years. Continuous innovations in fashion trends have a substantial impact on the North American apparel market. Some of the world’s largest apparel manufacturers are located in Europe, making it a crucial market for apparel. Germany, France, Spain, the United Kingdom, Italy, and the Netherlands are some of Europe’s largest apparel markets. Even though Europe is a major apparel market, the majority of the apparel consumed is imported from Asia-Pacific and North American nations.

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