DUBLIN, May 5, 2022 /PRNewswire/ — The “Global Ethical Fashion Market Report 2022, by Type, by Product, by Gender of End User” report has been added to from ResearchAndMarkets.com offer.
This report provides strategists, marketers, and senior management with the essential information they need to assess the global ethical fashion market.
This report focuses on the high growth ethical fashion market. The report gives a guide to the ethical fashion market that will shape and change our lives over the next ten years and beyond, including the market response to the challenge of the global pandemic.
Reasons to buy
- Gain a truly global perspective with the most comprehensive market report available covering over 12 geographies
- Understand how the market is affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus diminishes
- Create regional and national strategies based on local data and analysis
- Identify growth segments for investment
- Outperform your competition using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research
- Benchmark performance against leading competitors
- Use relationships between key data sets for better strategy
- Suitable to support your internal and external presentations with reliable high quality data and analysis
The main players in the ethical fashion market are Christian Dior SE, H&M AB, NIKE Inc, Adidas AG, Pact, Tentree, Everlane and Eileen Fisher.
The global ethical fashion market is expected to grow from $6.93 billion in 2021 for $7.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to reach $10.28 billion in 2026 at a compound annual growth rate (CAGR) of 8%.
The ethical fashion market includes revenue generated by establishments that are primarily engaged in the design, production, retail and purchase of ethical fashion apparel. Ethical fashion is about designing and manufacturing clothes that care for people and communities while minimizing the impact on the environment. It focuses both on the social and environmental impact of fashion and on improving working conditions for workers.
The main types of ethical fashion are fair trade, cruelty-free, eco-friendly and charity brands. Any brand or line that tries to reduce its influence on the environment, as well as on the health of consumers and the working conditions of those who make the clothes, is considered eco-responsible fashion. The different products include organic, artificial/reclaimed, recycled, natural products that are used by men, women and children.
Asia Pacific was the largest region in the ethical fashion market in 2021. Western Europe was the second largest region in the ethical fashion market. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing awareness of the harmful effects of the textile industry on the environment is encouraging customers to opt for ethical fashion materials. 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 liters of water are needed to produce just 1 kg of cotton. To protect these crops, some farmers use a lot of pesticides and herbicides that end up in the environment. The making of rayon, an artificial fabric made from wood pulp, emerged during the loss of many ancient forests. During the process that turns it into fabric, the pulp is treated with dangerous chemicals that eventually leak into the environment. Considering these environmentally harmful processes, people are turning to eco-friendly materials, and this factor is contributing to the growth of the ethical fashion market.
Ethical fashion is becoming increasingly popular around the world, but the high cost of fabric is hampering the growth of the ethical fashion market. Each garment is handmade on a sewing machine by someone, somewhere. Paying people will have a big impact on the cost of clothes. Ethically run sewing facilities pay their employees well and provide important human rights for a safe work environment. Choosing to manufacture with these ethical mills significantly increases costs for ethical fashion brands.
Natural resources are used as alternatives to textiles based on complex and harmful chemicals. Chemicals such as chromium, which are toxic, are widely used in the leather tanning process. To address concerns about toxic chemicals, Carmen Hijosa, founder of Ananas Anam, developed “Pinatex”, a natural leather alternative made from cellulose fibers extracted from pineapple leaves as an alternative to it and to other petroleum-based textiles. The industrial process used to create Pinatex produces biomass, which can be converted into fertilizer that farmers can apply to their soil to grow the next crop of pineapples. The use of natural and sustainable materials is the current trend in the ethical fashion market.
Main topics covered:
2. Characteristics of the ethical fashion market
3. Ethical fashion market trends and strategies
4. Impact of COVID-19 on ethical fashion
5. Ethical fashion market size and growth
5.1. Historical global ethical fashion market, 2016-2021, billion dollars
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Ethical Fashion Market Forecast, 2021-2026F, 2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Ethical Fashion Market Segmentation
6.1. Global ethical fashion market, segmentation by type, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billion dollars
- Fair trade
- Cruelty Free
- nature friendly
- Charity brands
6.2. Global ethical fashion market, segmentation by product, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billion dollars
6.3. Global ethical fashion market, segmentation by end-user gender, history and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billion dollars
7. Regional and Country Analysis of Ethical Fashion Market
7.1. Global ethical fashion market, split by region, historical and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, billion dollars
7.2. Global ethical fashion market, split by country, historical and forecast, 2016-2021, 2021-2026F, 2026F, 2031F, in USD billion
For more information on this report, visit https://www.researchandmarkets.com/r/hheawb
Research and Markets
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
SOURCE Research and Markets