Global Sustainable Fashion Market to Hit US$33 Billion by 2030

The Global Sustainable Fashion Market size was valued at US$7.80 billion in 2023 and is expected to reach US$ 33.05 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.9% from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The sustainable fashion market involves products made from eco-friendly and organic materials through sustainably responsible processes and operations. This includes clothing made from organic cotton, recycled fabrics, and plant-based polyesters that use less water and chemicals compared to traditional materials.

The increasing consumer awareness regarding environmental sustainability and social responsibility is one of the key drivers fueling the growth of the global sustainable fashion market.

Consumers are becoming more conscious of the impact of fast fashion on the environment and are seeking out sustainable alternatives. Additionally, stringent government regulations promoting sustainable practices in the fashion industry are further driving market growth.

One of the key trends in the global sustainable fashion market is the growing popularity of circular fashion. Circular fashion promotes the reuse, recycling, and upcycling of clothing to minimize waste and reduce the industry’s environmental footprint.

Another trend is the rise of eco-friendly materials such as organic cotton, recycled polyester, and biodegradable fabrics, catering to the increasing demand for sustainable and ethically produced clothing. These trends are reshaping the fashion industry and driving the adoption of sustainable practices among brands and consumers.

As consumers become more conscious of their purchasing decisions, they are actively seeking out brands that prioritize sustainability and social responsibility. This trend is leading to an increase in demand for sustainable apparel, footwear, accessories, and other products in the market. Brands that are able to adapt to these changing consumer preferences and offer sustainable options are well-positioned to capitalize on this market opportunity.

Brands that incorporate recycled and organic fabrics into their product offerings are able to attract a new segment of environmentally conscious consumers who prioritize sustainability in their purchasing decisions.

This trend is driving the growth of the market for sustainable fabrics and providing opportunities for brands to differentiate themselves by offering eco-friendly clothing options. By leveraging the growing demand for recycled and organic fabrics, companies can capture a larger share of the sustainable fashion market.

Key players operating in the Global Sustainable Fashion Market include industry leaders such as H&M, Inditex (Zara), Gap Inc., and Kering (Gucci), among others.

These key players are investing in sustainable practices and offering eco-friendly products to meet the changing consumer preferences in the market. By prioritizing sustainability and social responsibility, these companies are well-positioned to capitalize on the growing demand for sustainable fashion products globally.