Press release
Global Circular Fashion Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Circular Fashion Market
What Is the Circular Fashion Market Size and Projected Growth Rate?
The circular fashion market has grown substantially in recent years. It is forecasted to expand from $5.98 billion in 2024 to $6.53 billion in 2025 at a CAGR of 9.3%. The historical growth was driven by mounting environmental concerns, stricter government regulations, a growing younger population, an increasing number of urban consumers, and a rising emphasis on waste minimization.
The circular fashion market is poised for strong growth, reaching $9.24 billion by 2029 with a CAGR of 9.1%. Factors driving this growth include endorsements by celebrities and influencers, growing demand for eco-conscious apparel, sustainable production methods, and support from major fashion brands. Key trends include advancements in textile recycling technology, product innovation, blockchain adoption for supply chain transparency, automated sorting technologies, and strategic industry partnerships.
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What Are the Major Segments in the Circular Fashion Market?
The circular fashionmarket covered in this report is segmented -
1) By Product Type: Apparel, Accessories, Footwear, Other Product Types
2) By Textile Source: Organic, Recycled, Reused, Natural Materials, Other Textile Sources
3) By Consumer Group: Millennials, Generation X, Generation Z, Baby Boomers, Other Consumer Groups
4) By Distribution Channel: Online, Offline, Other Distribution Channels
5) By End-Use: Men, Women, Kids, Unisex, Other End Users
Subsegments:
1) By Apparel: Tops, Bottoms, Outerwear (Jackets, Coats), Activewear, Underwear And Loungewear
2) By Accessories: Bags, Jewelry, Scarves And Hats, Belts
3) By Footwear: Sneakers, Boots, Sandals, Formal Shoes
4) By Other Product Types: Swimwear, Home Textiles, Sustainable Fashion Items
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What Are The Driving Circular Fashion Market Evolution?
The increasing concern for the environmental and social impacts of the fashion industry is propelling the growth of the circular fashion market. The fashion industry is a major contributor to environmental pollution and social issues. Circular fashion, which promotes recycling, upcycling, and extending the life of garments, helps reduce waste and environmental impact. As consumers and brands increasingly focus on sustainability, this market is set to grow.
Which Firms Dominate The Circular Fashion Market Segments?
Major companies operating in the circular fashion market are Nike Inc., Industria de Diseno Textil S.A., Adidas Group, H&M Group, Fast Retailing Co. Ltd., Gap Inc., Hermes International S.A., VF Corporation, Guccio Gucci S.p.A., PUMA SE, Lululemon Athletica Inc., Ralph Lauren Corporation, Levi Strauss & Co., Prada S.p.A., Everlane Inc., Reformation, Eileen Fisher Inc., Patagonia Inc., Rothy's Inc., Ecoalf Recycled Fabrics, SL, Stella McCartney Ltd., Outerknown LLC, LANIUS GmbH, MUD Jeans International B.V.
What Trends Are Driving Growth in The Circular Fashion Market?
In the circular fashion market, companies are increasingly adopting recycled polyester to reduce environmental impact and promote sustainable production processes. For example, in April 2024, Lululemon, a Canada-based manufacturer of athletic apparel, launched the Packable Anorak jacket, made from enzymatically recycled polyester. This jacket is made from a blend of materials, including repurposed plastic waste and end-of-life Lululemon apparel, marking a significant step toward textile-to-textile recycling and closed-loop production.
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Which Is The Largest Region In The Circular Fashion Market?
North America was the largest region in the circular fashion market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the circular fashion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Circular Fashion Market?
2. What is the CAGR expected in the Circular Fashion Market?
3. What Are the Key Innovations Transforming the Circular Fashion Industry?
4. Which Region Is Leading the Circular Fashion Market?
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