Clothing Fibers Market Size is projected to reach USD 289.28 billion by 2030, growing at a CAGR of 3.8%: Straits Research

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The global clothing fibers market size was valued at USD 206.8 billion in 2021 and is projected to reach USD 289.28 billion by 2030 at a CAGR of 3.8% 2022 to 2030. China’s garment and apparel industry is projected to experience significant growth over the forecast period as a result of rising population demand.

New York, United States, July 27, 2022 (GLOBE NEWSWIRE) — Clothing fibres are long, fine strands or threads that can be knitted or woven into fabric. Not only do they produce the fabric, but they also affect the aesthetics, durability, comfort, appearance, retention, care, environmental impact, and cost of the final garment. Molecules are interwoven to form a linear, string-like structure that constitutes a fibre. It is possible to obtain fibres from a variety of natural sources, semisynthetic processes that employ naturally occurring polymers, and synthetic processes that employ polymer-based materials.

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Higher Disposable Income Is Driving the Market

The expansion of the global apparel industry can be attributed to the increase in demand for clothing fibre. Increasing discretionary income among consumers in developing economies is an additional important factor driving the expansion of the apparel industry. The high purchasing power parity of consumers, particularly in the United States and Canada, is a significant factor driving the demand for luxury apparel and thereby fueling the market growth. An increasing number of consumers are investigating options and materials that are more cost-effective, more comfortable, and more durable. In addition, favourable demographics, rising per-capita income, rising spending capacity, easy accessibility and visibility through online channels, growing customer preference for branded and premium products, expanding fashion trends, and an emerging retail landscape in fashion brands are driving the market’s rapid expansion.

Social Media and Sportswear Are Driving the Market

The rising influence of social media platforms and reviews, videos, presentations, and marketing campaigns, among others, is a significant growth driver for the Clothing Fibers market in North America. Celebrity endorsements and fashion magazines, particularly those aimed at a younger consumer base, have also contributed to the development of fashion trends and particular materials and styles in the region’s countries.

The global growth of the clothing and apparel market has been positively impacted by the increased adoption of synthetic fibre clothing due to its comfort and ease of care. Moreover, the lightweight qualities of these garments have expanded their use in the production of sportswear and activewear, which is likely to further stimulate market expansion.

Demand for fibres and fabrics derived from a variety of sources, such as natural fibres, cotton fibres, and synthetics, has increased in response to the expansion of global fashion trends. Widespread application of sportswear and activewear, coupled with rising demand for multi-speciality garments, is anticipated to stimulate market expansion.

Report Scope

Report Metric

Details

Market Size

USD 289.28 Billion by 2030

CAGR

3.8% (2022-2030)

Historical Data

2019-2020

Base Year

2021

Forecast Period

2022-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Product, End-Use, Regional

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

Toyobo Co. Ltd., BASF SE, Eastman Chemical Company, Toray Industries Inc., DuPont, Asahi Kasei Corporation, Lenzing AG, Propex Operating Company LLC, Reliance Industries Limited, Radici Partecipazioni SpA, The Bombay Dyeing and Manufacturing Co. Ltd., Mitsubishi Chemicals Holdings Corporation, Sinopec Corporation, Teijin Ltd., Indorama Corporation etc

Key Market Opportunities

More Investment And The Latest Technology Are Expected To Fuel The Growth Of The Market

Key Market Drivers

The Growth Of Disposable Income Of The Consumers Is A Major Driver
The Influence Of Socia Media And Sports Wear Is Driving The Market

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Rising Investments Will Create Newer Opportunities
Demand for clothing fibres is also being driven by growing investments by various apparel brands in smart clothing. A growing customer desire to express their individuality and make a fashion statement has also led to a surge in the popularity of smart clothing on the global market. For example, CuteCircuit produces clothing and accessories that can display messages, chats, and tweets. Moreover, researchers at Georgia Tech have created energy-harvesting yarns that can be knitted into washable fabrics. Energy-harvesting yarns operate by utilising the benefits of static electricity; they can be woven into jumpers, socks, and other clothing and accessories; and these fabrics can harvest sufficient energy from a wearer’s body movement or motion to power a smartphone.

Regional Analysis
Asia-Pacific dominated the global market in 2020 and is anticipated to experience substantial growth over the forecast period. The rising demand for clothing and apparel products from the region’s growing population, combined with the adoption of western fashion trends, is anticipated to increase the demand for clothing fibres over the forecast period.

China’s garment and apparel industry is projected to experience significant growth over the forecast period as a result of rising population demand. The primary factors driving the demand for fashion apparel and clothing in the country are the rising per capita income of the country’s middle-class population, lifestyle changes, and evolving preferences for luxury brands and comfortable clothing.

Additionally, the United States and Canada are anticipated to drive the demand for high-end luxury clothing, which is expected to drive the demand for clothing fibres in the coming years. Continuous innovations in fashion trends have a substantial impact on the North American apparel market. Some of the world’s largest apparel manufacturers are located in Europe, making it a crucial market for apparel. Germany, France, Spain, the United Kingdom, Italy, and the Netherlands are some of Europe’s largest apparel markets. Even though Europe is a major apparel market, the majority of the apparel consumed is imported from Asia-Pacific and North American nations.

Key Highlights

  • The global Clothing Fibers Market was valued at USD 206.8 billion in 2021 and is projected to reach USD 289.28 billion by 2030 at a CAGR of 3.8% 2022 to 2030.

  • An increase in disposable income, rising demand for sports and the influence of Social Media are the factors majorly driving the market.

  • The clothing fibres market can be segmented on the basis of products, end-users, regions and competitors.

  • By 2030, Asia Pacific is anticipated to have the largest market share, and North America is anticipated to be the fastest-growing market.

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The Key Players in the Clothing Fibers Market Are

  • Toyobo Co. Ltd.

  • BASF SE

  • Eastman Chemical Company

  • Toray Industries Inc.

  • DuPont

  • Asahi Kasei Corporation

  • Lenzing AG

  • Propex Operating Company LLC

  • Reliance Industries Limited

  • Radici Partecipazioni SpA

  • The Bombay Dyeing and Manufacturing Co. Ltd.

  • Mitsubishi Chemicals Holdings Corporation

  • Sinopec Corporation, Teijin Ltd.

  • Indorama Corporation etc.

 
Market Segmentation
 Product Outlook:

  • Cotton

  • Synthetic

  • Animal Based

  • Others

End-use Outlook:

  • Women’s Wear

  • Men’s Wear

  • Kid’s Wear

Regional Outlook:

Table of Content

  1. Introduction

    1. Market Definition

    2. Market Scope

  2. Research Methodology

    1. Primary Research

    2. Research Methodology

    3. Assumptions & Exclusions

    4. Secondary Data Sources

  3. Market Overview

    1. Report Segmentation & Scope

    2. Value Chain Analysis: Clothing Fibers Market

    3. Key Market Trends

      1. Drivers

      2. Restraints

      3. Opportunities

    4. Porter’s Five Forces Analysis

      1. Bargaining Power of Suppliers

      2. Bargaining Power of Buyers

      3. Threat of Substitution

      4. Threat of New Entrants

      5. Competitive Rivalry

    5. Market Share Analysis

  4. Product Outlook Overview

    1. Introduction

      1. Market Size & Forecast

    2. Cotton

      1. Market Size & Forecast

    3. Synthetic

      1. Market Size & Forecast

  5. End-use Outlook Overview

    1. Introduction

      1. Market Size & Forecast

    2. Women’s Wear

      1. Market Size & Forecast

    3. Men’s Wear

      1. Market Size & Forecast

  6. Regional Overview

    1. Introduction

      1. Market Size & Forecast

    2. America

      1. North America

      2. U.S.

        1. By Product Outlook

        2. By End-use Outlook

      3. Canada

        1. By Product Outlook

        2. By End-use Outlook

      4. Mexico

        1. By Product Outlook

        2. By End-use Outlook

      5. Latin America

        1. By Product Outlook

        2. By End-use Outlook

    3. Europe

      1. Market Size & Forecast

      2. Germany

        1. By Product Outlook

        2. By End-use Outlook

      3. France

        1. By Product Outlook

        2. By End-use Outlook

      4. U.K.

        1. By Product Outlook

        2. By End-use Outlook

      5. Italy

        1. By Product Outlook

        2. By End-use Outlook

      6. Spain

        1. By Product Outlook

        2. By End-use Outlook

      7. Rest of Europe

        1. By Product Outlook

        2. By End-use Outlook

    4. Asia Pacific

      1. Market Size & Forecast

      2. Japan

        1. By Product Outlook

        2. By End-use Outlook

      3. China

        1. By Product Outlook

        2. By End-use Outlook

      4. Australia

        1. By Product Outlook

        2. By End-use Outlook

      5. India

        1. By Product Outlook

        2. By End-use Outlook

      6. South Korea

        1. By Product Outlook

        2. By End-use Outlook

      7. Rest of Asia-Pacific

        1. By Product Outlook

        2. By End-use Outlook

    5. Middle East & Africa

      1. Market Size & Forecast

      2. Saudi Arabia

        1. By Product Outlook

        2. By End-use Outlook

      3. South Africa

        1. By Product Outlook

        2. By End-use Outlook

      4. Kuwait

        1. By Product Outlook

        2. By End-use Outlook

      5. Rest of Middle East & Africa

        1. By Product Outlook

        2. By End-use Outlook

  7. Company Profile

    1. Toyobo Co Ltd

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    2. BASF SE

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    3. Eastman Chemical Company

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

  8. Conclusion & Recommendation

  9. Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/clothing-fibers-market/toc 

Recent Developments

  • Toray Industries, Inc. made an announcement in January 2020 regarding the introduction of Primeflex PET-recycled type, a new variety of the flexible stretch fabric Primeflex.

  • Bemis Associates Inc. announced the acquisition of Safe Reflections International LLC in August of 2020. Safe Reflections International LLC is a textile company that provides solutions to enhance the safety and visibility of apparel.

News Media
Top 7 Green Clothing Companies

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Staple Fibers Market: Information By Type (Cotton, Cellulosic, Polyester), Application (home furnishing, personal care), Structure (Solid and Hollow) and Regional Outlook – Forecast Till 2026

Linen Viscose Market: Information by Application (Apparel, Home Textile, Industrial Uses) and Region — Forecast till 2029

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