The Business Research Company Global Apparel and Leather Products Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, March 10, 2022 /EINPresswire.com/ — Rising demand for online shopping is expected to aid growth in the apparel and leather goods market. Manufacturers can now sell their products on a wider platform than before, which will geographically increase their customer base, driving the growth of the apparel and leather products market. In countries like India, for example, e-commerce portals boosted sales of traditional clothing by giving greater exposure to producers who were confined to a geographic area where the weaving community was located.
The global apparel and leather products market size is expected to grow from USD 870.37 billion in 2021 to USD 961.96 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The apparel and leather market is expected to reach $1,379.91 billion in 2026 at a CAGR of 9.4%.
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The growing awareness of the adverse effects of the textile industry on the environment is encouraging customers to opt for sustainable materials and changing the market outlook for clothing and leather products. Unlike natural materials, synthetic fibers take a long time to decompose because they are made from petroleum products. Biological materials like spider silk are lightweight and have tensile strength which is used in making clothes. Some companies also create a decomposable synthetic version of spider silk. For example, Spiber Inc., a Japanese biomaterials specialist, was the first to produce artificial spider silk. The company uses genetically modified E. coli to produce the silk proteins which are used to produce silk fibers. As consumers around the world are increasingly concerned about the environmental impact of their clothing purchases, the demand for sustainable materials is expected to increase. TBRC’s global apparel and leather products market overview shows that consumers are also often more willing to pay extra for products they deem environmentally friendly, thus providing opportunities for higher profit margins. at the point of sale and throughout the supply chain.
Key Players Covered in Global Apparel & Leather Goods Industry are Nike Inc., Christian Dior SE, Adidas AG, Kering SA, VF Corp, Hanesbrands Inc., Puma SE, Tapestry Inc, Skechers USA Inc. and Levi Strauss & Co.
Asia-Pacific was the largest region in the apparel and leather products market in 2021. Western Europe was the second largest region in the apparel and leather products market. Regions covered in the Apparel and Leather Products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.
TBRC’s Global Apparel and Leather Products Market analysis report is segmented by Leather and Related Products, Apparel Type, by Distribution Channel into Online Sales, Offline Sales, by User Gender final in men, women and children.
Global Apparel and Leather Products Market Report 2022 – By Type (Leather and Related Products, Apparel), By Distribution Channel (Online Sales, Offline Sales), By End User Gender (Male , Women, Children) – Market Size, Trends and Global Forecast 2022-2026 is part of a series of new reports from The Business Research Company that provide insight into the global apparel and leather products market, forecast the size and growth of the Apparel and Leather Products market for the overall market, Apparel and Leather Products market segments, geographies, Apparel and Leather Products market trends, drivers of the Apparel and Leather Products Market, Major Competitor Restraints, Revenues, Profiles and Market Shares.
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