Denim Market By Size, Supplier, Demand Analysis, Type, Statistics, Regions and Forecast - 2028

The global denim market is anticipated to grow at a considerable CAGR of 6.7% during the forecast period (2022-2028).

Denim is a type of sturdy cotton warp-faced textile material in which the weft passes under two or more warp threads. Various products are made using denim, including jeans, jackets, trousers, and many others. The major factor attributing to the growth of the global denim market includes the growing textile industry. According to the Textile Industry report published by the India Brand Equity Foundation (IBEF) in February 2022, the textile industry of India is one of the oldest industries across the globe. The market size of the Indian textile industry was $29.8 billion in 2021 giving employment to 4.5 crore workers. India produced 2.4 MT of fiber and 4,762 million kilograms of cotton yarn with recorded export of 1.13 million tonnes of cotton yarn in 2021. The textile industry of India is estimated to consistently grow and reach $209 billion by 2029. Thus, increasing the application of denim for manufacturing clothes.

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The use of denim is also increasing due to several advantages provided by denim fabric. These advantages include durability due to weave pattern, low maintenance & care, offers a wrinkle-free look, can be worn in all seasons, eco-friendly material, a value for money product, and many others. Thus, propelling the growth of the global denim market.

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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

• In September 2019, Levi Strauss & Co. acquired The Jeans Co. (TJC). This acquisition is done to expand its sales in countries including Chile, Peru, and Bolivia by selling Levi's denim products through partner's 80 stores in the countries.

• In September 2019, Closed GmbH, a major fashion product provider partnered with Candiani S.p.A, an Italian denim mill. This partnership is done with an aim to produce eco-friendly sustainable denim products considering several parameters, including material, dyeing, and washing.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Levi Strauss & Co., The Gap Inc., VF Corp., H&M Group, and Pepe Jeans Group, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Denim Market Report by Segment

By Product
• Jeans
• Jackets
• Shirts
• Trousers
• Jumpsiuts
• Others

By Sales Channel
• Online Stores
• Retail Stores

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.