Denim Fabric Market Know the Scope and Trends

The global denim fabric market is witnessing steady growth, driven by the wide availability of denim at affordable prices and evolving socio-economic trends such as changing fashion preferences and rising urbanization. In 2020, the Asia-Pacific (APAC) region dominated the market, accounting for nearly four-fifths of the total revenue.

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According to a report published by Allied Market Research, the global denim fabric market was valued at $18.1 billion in 2020 and is projected to reach $27.9 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030. The study provides an in-depth analysis of market dynamics, key segments, value chain assessment, investment opportunities, regional outlook, and the competitive landscape.

Market Drivers, Restraints, and Opportunities:

The growing demand for cost-effective denim products and shifting lifestyle trends continue to fuel market expansion. Nevertheless, fluctuations in cotton prices and environmental concerns related to the use of synthetic dyes pose challenges to market growth. On the positive side, the emergence of biodegradable and sustainable denim fabrics is expected to create lucrative growth opportunities in the coming years.

Market Segmentation Highlights:-

By Raw Material:

Cotton emerged as the dominant segment in 2020, accounting for 92% of the total market share, and is expected to maintain its leadership throughout the forecast period. The segment is also anticipated to register the highest CAGR of 4.5% from 2021 to 2030.

By Fabric Type:

The raw denim segment held the largest share in 2020, contributing nearly one-third of total market revenue. Meanwhile, the stretch denim segment is projected to grow at the fastest rate, recording a CAGR of 5.2% during the forecast period.

By Region:

APAC led the global denim fabric market in 2020 and is expected to retain its dominant position through 2030. The region is also forecast to register the fastest CAGR of 4.6% over the analysis period. Other regions covered in the report include North America, Europe, and the Middle East & Africa (MEA).

Key Market Players:-

Major players operating 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.

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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.

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