Denim Fabric Market Growth Drivers, Trend, Analysis 2022:2030 | Advance Denim Co., Ltd, Arvind Limited, Bextex, CONE Denim LLC, HA-MEEM Group

Allied Market Research says that, the global denim fabrics market was over $18.1 billion in 2020, and is projected to reach $27.9 billion by 2030, growing a CAGR of 4.4% from 2021 to 2030. Manufacturing of denim fabrics has gained huge prominence in the textile industry in countries such as China, India, Bangladesh, Brazil, China, Italy, and others. However, huge accretion of denim products contains different synthetic chemicals that tend to pose a potential threat to both mankind and environment

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Asia-Pacific denim fabric market size accounted for 79.2% of denim fabric market share in 2020 and is projected to witness growth at a CAGR of 4.6% during the forecast period. The increasing utilization of denim fabric for producing a wide range of denim products such as jeans, shirts, jackets, and others is the major key market trend in the global market.

The easy availability of cotton has propelled the growth of the denim fabric market in the region. Moreover, preferential market access is the major factor augmenting the growth of the textile sector in Bangladesh, which in turn has led the denim fabric market over there to witness a significant increase in demand.

The report offers detailed segmentation of the global denim fabric market based on raw material, fabric type, end-use industry, and region. Based on raw material, the market is segmented further into cotton, spandex, polyester, and others. The cotton segment held the highest revenue in 2020, and is expected to manifest a CAGR of 4.5% from 2021 to 2030.

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Cotton fabric also weighs less and provides durability and comfort. On the basis of fabric type, it is sub-segmented into raw, crushed, sanforized, selvedge, stretch, and others. The raw segment accounted for the highest share in 2020, and is anticipated to witness a CAGR of 4.4% during the forecast period. As this type provides fabric that is touch, appealing to all age groups, and versatile, this segment would grow considerably during the forecast period.

By Fabric Type

1. Raw
2. Sanforized
3. Crushed
4. Stretch
5. Selvedge
6. Others

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.

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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.

Leading players of the global denim fabric market analyzed in the research include Advance Denim Co., Ltd., Arvind Limited, Bextex, CONE Denim LLC, HA-MEEM Group, House of Gold, LLC, Isko, Modern Denim Ltd., Noman Group, and Raymond UCO Denim Pvt. Ltd.

COVID-19 scenario:

• 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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