Press release
Denim Fabric Market Forecast for Robust Growth by 2024-2031: Key Trends and Drivers
The global denim fabric market was valued at $18.1 billion in 2020 and is projected to reach $27.9 billion by 2030, reflecting a CAGR of 4.4% from 2021 to 2030. This growth is driven by various socio-economic trends and the increasing availability of denim at affordable prices.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/14637
Key Market Dynamics
- Drivers: The affordability of denim fabric and evolving socio-economic trends are significant factors propelling market growth.
- Restraints: Price volatility of cotton and environmental concerns associated with synthetic dyes pose challenges to market expansion.
- Opportunities: The rise of biodegradable denim fabric offers new avenues for growth in the coming years.
Market Segmentation
The report provides a detailed segmentation of the denim fabric market:
By Raw Material:
- Cotton: Dominated the market with a 92% share in 2020 and is expected to maintain its leadership with the highest CAGR of 4.5% from 2021 to 2030.
By Fabric Type:
- Raw Denim: Held the largest market share, accounting for nearly one-third of the total market in 2020, and is projected to retain this position.
- Stretch Denim: Anticipated to grow at the fastest rate, with a CAGR of 5.2% from 2021 to 2030.
By Region:
Asia-Pacific (APAC): Contributed nearly 80% of the total revenue in 2020 and is projected to continue dominating the market through 2030, with an expected CAGR of 4.6%.
Competitive Landscape:
Key players in the global denim fabric market include:
Advance Denim Co., Ltd.
Arvind Limited
Bextex
CONE Denim LLC
HA-MEEM Group
House of Gold, LLC
Isko
Modern Denim Ltd.
Noman Group
Raymond UCO Denim Pvt. Ltd.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/denim-fabric-market-A14268
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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