The MRFR report predicts that the global market for Denim Fabrics is estimated to attain USD 30.14 Billion by the end of 2028. The report further predicts the market to thrive at a healthy ACGR of over 4.74% during the review timeframe.
Denim fabric refers to a durable twill-woven fabric with white filling thread and colored wrap. It is eith% based cotton or polyester. The global market for denim fabrics has experienced a substantial surge in the growth rate in the last few years. The market's growth is owned by the factors such as changing lifestyles, growing population, rise in per capita disposable income, increased use of stretchable jeans, rapid urbanization in developing countries, and increasing popularity of denim garments. On the other hand, the environmental risk associated with cotton farming and volatility of cotton prices is projected to impede the market's growth.
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Segment Analysis
The global market for denim fabrics has been fragmented into numerous segments based on type, application, and region.
Based on type, the global market for denim fabrics is split into reverse denim, ecru denim, crushed denim, organic denim, raw or dry denim, bubble gum denim, vintage denim, denim from fox fiber, colored denim, selvedge denim, and others.
The denim fabrics market is split into homeware, accessories, clothing, and others based on application.
Regional Analysis
The global denim fabrics market is analyzed across several regions, including the Middle East & Africa, Asia-Pacific, North America, Latin America, and Europe.
The MRFR report suggests that the North American region is anticipated to secure the top position in the global denim fabrics market over the assessment era. The regional market's growth is primarily attributed to the growing residential construction activity in the US. Furthermore, the shifting preference for modern denim fabric arts in curtains or draperies is also projected to boost the regional market's growth over the forecasted era.
The European regional denim fabrics market is anticipated to record substantial growth over the coming years. The UK, Italy, Spain, and Germany are the major growth contributors across the regional market. Furthermore, the growing investments for high-quality denim fabrics in accessories are also likely to boost the growth of the denim fabrics market over the assessment era.
The denim fabrics market for the Asia-Pacific region accounted for the maximum share of over 30% in 2019 and is likely to thrive at the fastest rate of over 4% over the assessment period. The regional market's growth is attributed mainly to the increasing investments in the clothing industry, robust economic growth, growing preference for luxury brands, urbanization, increased government investment in advanced textiles, and changing lifestyles across the region.
The Latin American denim fabrics market is anticipated to register substantial growth over the assessment era. The regional market's growth is credited to the steady economic growth and growing investment in textured polyester dyes denim fabric.
The denim fabrics market for the Middle East & African region is anticipated to be driven by the booming apparel industry in the GCC and Turkey.
Competitive Analysis
The global market for denim fabric manufacturing has prominent players such as KILIM GROUP (Turkey), NASEL TEXTILE (Turkey), KAIHARA Corporation (Switzerland), UNITIN-INDUSTRIAS MORERA SA (Spain), Mount Vernon (US), PT Tyfountex (Indonesia), KUROKI CO. LTD (Japan), KURABO INDUSTRIES LTD (Japan), LNJ Denim (India), Kuzgunlar Textile (Turkey), Xingtai H & J Textiles Co Ltd (China), ADM Denim (Pakistan), ISKO (Italy), Arvind Mills (India), and several others.
Recent Developments
- March 2022 – Levi's has announced its plans to make its iconic straight-cut jeans in males and females the 501 in organic cotton and post-consumer recycled denim and is recyclable. The launch grounds on last year's release of a collaboration between the brand's Wellthread line and Swedish company Renewcell for two cuts using Renewcell's Circulose, a sustainably sourced viscose derived from recycled denim and organic cotton.
- December 2021- Global Denim, a Mexican mill, seeks new opportunities to finishing technologieson its home turf. Lately, the mill has worked with Jeanologia, a Spanish technology company, to develop an eight-piece capsule collection, focusing on the advantages and capabilities of laser finishing.
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