Key Takeaways
- Global apparel market size reached $1.79 trillion in 2023
- US apparel market revenue was $369 billion in 2023
- Fast fashion segment grew by 8.5% CAGR from 2018-2023
- 65% of consumers prefer sustainable brands in 2023
- 42% of shoppers bought more second-hand clothing in 2023
- Gen Z spends 15% more on athleisure than average
- Apparel industry produces 92 million tons of waste yearly
- 85% of textiles end up in landfills annually
- Fashion accounts for 10% of global carbon emissions
- China produces 50% of world's polyester
- Bangladesh has 4,500 garment factories employing 4M
- Vietnam overtook China as 2nd largest apparel exporter in 2023
- 60M people employed in global apparel manufacturing
- Bangladesh garment sector employs 4.4M workers
- Women comprise 80% of apparel factory workforce
The global apparel industry is a multi-trillion dollar market increasingly driven by online sales, athleisure, and sustainability.
Consumer Trends
Consumer Trends Interpretation
Employment & Workforce
Employment & Workforce Interpretation
Market Size & Growth
Market Size & Growth Interpretation
Supply Chain & Manufacturing
Supply Chain & Manufacturing Interpretation
Sustainability & Environment
Sustainability & Environment Interpretation
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