According to the
report published by Allied Market Research, the global denim fabric market generated
$18.1 billion in 2020, and is projected to reach $27.9 billion by 2030,
witnessing a CAGR of 4.4% from 2021
to 2030. The report provides a detailed analysis of changing market
dynamics, top segments, value chain, key investment pockets, regional scenario,
and competitive landscape.
Availability of
denim fabric at affordable prices and new socio-economic trends drive the
growth of the global denim fabric market. However, volatility in prices of
cotton and environmental risks associated with the use of synthetic dyes
restrain the market to some extent. On the other hand, emergence of
biodegradable denim fabric presents new opportunities in the upcoming years.
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Leading players of the
global denim fabric market analyzed in the research include Advance Denim Co., Ltd., Arvind Limited,
Bextex, CONE Denim LLC, HA-MEEM Group, House of Gold, LLC, Isko, Modern Denim
Ltd., Noman Group, and Raymond UCO Denim Pvt. Ltd.
COVID-19 scenario:
The outbreak of
the COVID-19 pandemic led to global lockdown and temporary closure of fabric
production facilities, thereby affecting the overall growth of the global denim
fabric market.
It further
disrupted the whole supply chain, leading to rise in prices of raw materials,
especially cotton and cotton yarn. This factor decreased the production of
denim fabric, especially during the initial phase.
In addition, the
falling income of customers had given way to contraction in the demand for
premium denim products.
The report
offers detailed segmentation of the global denim fabric market based on raw
material, fabric type, end use, and region.
Based on raw
material, the cotton segment held the highest market share in 2020, holding 92%
of the total market share, and is expected to continue its leadership status
during the forecast period. However, the same segment is also estimated to
register the highest CAGR of 4.5% from 2021 to 2030.
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Based on fabric
type, the raw segment held the largest market share in 2020, holding nearly
one-third of the total market share, and is expected to continue its leadership
status during the forecast period. However, the stretch segment is projected to
register the highest CAGR of 5.2% from 2021 to 2030.
Based on
region, APAC contributed to the highest share in terms of revenue in
2020, holding nearly four-fifths of the total market share, and is estimated to
continue its dominant share by 2030. The same region is also projected to
manifest the fastest CAGR of 4.6% during the forecast period. Other regions
discussed in the report include America, Europe, and MEA.
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Kumar, the CEO of Allied Market Research, is leading the organization
toward providing high-quality data and insights. We are in professional
corporate relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables and confirms
utmost accuracy in our market forecasting. Each and every data presented in the
reports published by us is extracted through primary interviews with top
officials from leading companies of domain concerned. Our secondary data
procurement methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the industry.
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