$6.9 Billion Ethical Fashion Industry Worldwide to 2031 – Identify Growth Segments for Investment

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Dublin, 05 May 2022 (GLOBE NEWSWIRE) — The “Ethical Fashion Global Market Report 2022, By Type, By Product, By End User Gender” has been added to ResearchAndMarkets.com’s offer.

This report provides strategists, marketers, and senior management with the critical information they need to assess the global ethical fashion market.

This report focuses on the ethical fashion market which is experiencing strong growth. This report provides guidance for the ethical fashion market that will shape and change our lives over the next ten years and beyond, including the market response to the challenges of the global pandemic.

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  • Identify growth segments for investment
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The major players in the ethical fashion market are Christian Dior SE, H&M AB, NIKE Inc, Adidas AG, Pact, Tentree, Everlane and Eileen Fisher.

The global ethical fashion market is expected to grow from $6.93 billion in 2021 to $7.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The market is expected to grow to $10.28 billion by 2026 at a compound annual growth rate (CAGR) of 8%.

The ethical fashion market consists of the revenue generated by companies primarily involved in the design, production, retail and purchase of ethical fashion apparel. Ethical fashion is about designing and manufacturing clothing that cares for people and communities while minimizing the impact on the environment. It focuses on the social and environmental impact of fashion, and on improving the working conditions of workers.

The main types of ethical fashion are fair trade, free of cruelty to animals, eco-friendly brands and charities. Any brand or line that tries to reduce its impact on the environment, as well as on the health of the consumer and the working conditions of the clothing maker, is considered eco fashion. These products include organic, artificial/regenerated, recycled, natural products used by men, women and children.

Asia Pacific is the largest region in the ethical fashion market in 2021. Western Europe is the second largest region in the ethical fashion market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Growing awareness of the negative impact of the textile industry on the environment encourages customers to choose ethical fashion materials. Farms that grow the raw materials used to make cloth, including crops such as cotton, hemp, and hemp, require a lot of water. Up to 20,000 liters of water is needed to produce just 1kg of cotton. To protect these crops, some farmers use a lot of pesticides and herbicides that end up in the environment. The manufacture of rayon, an artificial fabric made from wood pulp, has emerged with the loss of much of the old forest. During the process that turns it into cloth, the pulp is treated with harmful chemicals which eventually transfer to the environment. Considering this environmentally damaging process, people are turning to environmentally friendly materials, and this factor is contributing to the growth of the ethical fashion market.

Ethical fashion is becoming increasingly popular globally but the high cost of fabrics is hampering the growth of the Ethical Fashion market. Every piece of clothing is handcrafted on a sewing machine by someone, somewhere. Paying to people will mostly have an impact on the cost of clothing. Ethically run sewing facilities pay their employees well and offer essential human rights for a safe work environment. Choosing to manufacture with this ethical factory raises costs significantly for the Ethical fashion brand.

Natural resources are used as an alternative to textiles based on complex and adverse chemicals. Chemicals such as chromium, which is toxic, are widely used in the tanning process. To address the problem of toxic chemicals, Carmen Hijosa, founder of Ananas Anam, developed ‘Pinatex’, a natural leather alternative made from cellulose fibers extracted from pineapple leaves as an alternative to it and other petroleum-based textiles. The industrial process used to make Pinatex produces biomass, which can be turned into fertilizer that farmers can spread onto their land to plant their next pineapple. The use of natural and sustainable materials is the current trend in the ethical fashion market.

Main Topics Covered:

1. Executive Summary

2. Characteristics of the Ethical Fashion Market

3. Ethical Fashion Market Trends and Strategies

4. The Impact of COVID-19 on Fashion Ethical

5. The Size and Growth of the Ethical Fashion Market
5.1. Global Ethical Fashion Historic Market, 2016-2021, $ Billion
5.1.1. Market Movers
5.1.2. Restraint In The Market
5.2. Global Ethical Fashion Forecast Market, 2021 – 2026F, 2026F, 2031F, $Billion
5.2.1. Market Movers
5.2.2. Restraint In The Market

6. Ethical Fashion Market Segmentation
6.1. Global Ethical Fashion Market, Segmented By Type, Historical and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $Billion

  • Fair trade
  • Free from cruelty to animals
  • Environmentally friendly
  • Charity brand

6.2. Global Ethical Fashion Market, Segmentation by Product, Historical and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $Billion

  • Organic
  • Artificial/regenerated
  • Recycle
  • Experience

6.3. Global Ethical Fashion Market, Segmentation By End User Gender, History and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $Billion

7. Regional and Country Analysis of the Ethical Fashion Market
7.1. Global Ethical Fashion Market, Divided By Region, Historical and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $Billion
7.2. Global Ethical Fashion Market, Country Segregated, Historical and Forecast, 2016-2021, 2021-2026F, 2026F, 2031F, $Billion

For more information on this report, visit https://www.researchandmarkets.com/r/ishcn

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