GITNUX MARKETDATA REPORT 2024

Must-Know Clothing Industry Statistics [Current Data]

Statistic 1

"More than 85% of all textiles thrown away in the U.S. are sent to landfills or incinerators."

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Statistic 2

"The global secondhand apparel market is projected to reach $77 billion by 2025."

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Statistic 3

"The global apparel market was valued at around $1.5 trillion in 2020."

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Statistic 4

"The average garment worker in Bangladesh earns less than $100 per month."

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Statistic 5

"Online sales represent around 25% of total global clothing sales."

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Statistic 6

"The United States apparel market is expected to grow to $545 billion by 2025."

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Statistic 7

"The apparel industry employs approximately 75 million people worldwide."

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Statistic 8

"The global luxury apparel market size was valued at $72.13 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 3.3% from 2020 to 2027."

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Statistic 9

"Approximately 93 billion cubic meters of water is used by the fashion industry annually."

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Statistic 10

"Women account for approximately 60% of the global clothing market."

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Statistic 11

"Only 12% of the material used for clothing ends up getting recycled."

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Statistic 12

"92 million tons of waste is generated by the fashion industry each year."

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Statistic 13

"The fashion industry is the second-largest polluter worldwide, just behind the oil industry."

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Statistic 14

"Fast fashion brands are capable of bringing new designs from the runway to stores in as little as 2 weeks."

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Statistic 15

"The global sports apparel market is projected to reach $248.1 billion by 2026."

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Statistic 16

"China is the largest producer of textiles and garments, contributing nearly 54% of the world's textile exports."

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Statistic 17

"Approximately 52% of all products in the fashion industry are fast fashion products."

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Statistic 18

"The average American buys 68 clothing items annually."

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Statistic 19

"The average American household spent $1,883 on apparel in 2020."

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Statistic 20

"The Asia-Pacific region accounts for approximately 60% of the world's clothing and textile production."

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