Ethical Fashion Global Market Report 2024 - By Trends, Size, Share, Growth, Forecast To 2033

"The new report published by The Business Research Company, titled Ethical Fashion Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the ethical fashion market size has grown strongly in recent years. It will grow from $8.17 billion in 2023 to $8.83 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The ethical fashion market size is expected to see strong growth in the next few years. It will grow to $12.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.

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Environmental Consciousness Fuels The Surge In Ethical Fashion
The growing awareness of the adverse effects of the textile industry on the environment is encouraging customers to opt for ethical fashion materials. The farms that grow raw materials used to make fabrics, including crops like cotton, flax, and hemp, need a lot of water. Up to 20,000 litres of water are needed to produce just 1kg of cotton. To protect these crops, some farmers use lots of pesticides and herbicides that end up in the environment. Manufacturing rayon, an artificial fabric made from wood pulp, has emerged in the loss of many old-growth forests. During the process that transforms it into the fabric, the pulp is treated with dangerous chemicals that eventually get their move into the environment. Considering these processes that harm the environment, people are shifting towards environment-friendly materials, and this factor is contributing to the growth of the ethical fashion market.

Setting New Standards For Sustainable Fashion: Sheep Inc.'s Landmark Partnership For A Naturally Negative Carbon Footprint T-Shirt
Major companies operating in the ethical fashion market are developing strategic partnerships to better serve the customers. Partnerships help ethical fashion companies promote sustainability in the fashion industry, reduce its impact on the environment, and set new standards for a more responsible fashion supply chain. For instance, in June 2023, Sheep Inc., a UK-based ethical fashion manufacturer launched the world's first naturally negative carbon footprint t-shirt. The t-shirt is made from super-fine Merino wool, which is a year-round temperature-regulating layer and has self-cleansing fibers that mean less washing and more wearing compared to cotton. The company collaborated with suppliers and manufacturers to create this t-shirt, which has an NFC-enabled tag for 100% transparency. This partnership aims to promote sustainability in the fashion industry and reduce its impact on the environment.

The ethical fashion market covered in this report is segmented -
1) By Type: Fair Trade, Animal Cruelty Free, Eco-Friendly, Charitable Brands
2) By Product: Organic, Man-Made/Regenerated, Recycled, Natural
3) By End User: Men, Women, Kids

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Major companies operating in the ethical fashion market report are Eileen Fisher, LVMH Moët Hennessy Louis Vuitton (LVHM), Levi Strauss & Co, H&M Concious (H&M Group), Reformation, Everlane, Tentree, Patagonia, Inc., Wear Pact LLC, United By Blue, Brass Clothing, Ellie Kai, Fake Natoo, No Nasties, Hoomanwear, Maati, Hemp Kari, Maito , NEEMIC , People Tree Ltd, Tonlé, Shekudo, Boden, Sézane, Alternative Apparel, Thought Clothing, Ninety Percent, allSisters, Armed Angels, Beaumont Organic, Bibico, Finisterre, Gudrun Sjoden, Kitty Ferreira, Lowie, Madia & Matilda, Mud Jeans, Rêve en Vert , Organic Basics , HOPE Made in the World, Buki Akomolafe, Mayamiko, SOLEREBELS, Ksenia Schnaider, Only Me, Tennen, Amour Vert, Outerknown, Kotn, Hackwith Design House, Fair Trade Winds, Fair Indigo, Back Beat Co., Encircled, La Causa, Whimsy and Row, MATE The Label, Sotela, Ecologyst , Cariuma, Santista Jeanswear, Animaná, Splash Fashion, Retold Dubai , Asmaraia , LISA FOLAWIYO

Contents of the report:
1. Executive Summary
2. Ethical Fashion Market Report Structure
3. Ethical Fashion Market Trends And Strategies
4. Ethical Fashion Market - Macro Economic Scenario
5. Ethical Fashion Market Size And Growth
…..
27. Ethical Fashion Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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