Denim Market - Global Industry Assessment & Forecast
- By Type Light Denim, Medium Denim, Heavy Denim
- By Application Jeans, Shirt, Jacket, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2021 - 2028|
|Historical Years:||2016 - 2020|
|Revenue 2021:||USD 123.9 Million|
|Revenue 2028:||USD 161.3 Million|
|Revenue CAGR (2021 - 2028):||4.5%|
|Fastest Growing Region (2021 - 2028)||Asia Pacific|
|Largest Region (2021):||Asia Pacific|
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The Global Denim Market is valued at USD 123.9 Million in the year 2021 and is forecasted to reach a value of USD 161.3 Million by the year 2028. The Global Market is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% over the forecast period.
Denim Market Size, 2021 To 2028 (USD Million)
Denim is a cotton fabric that is rough and heavy in texture. Denim was originally designed for use in labor garments, but it has since grown in popularity as a fabric for various forms of clothing. Currently, Denim is a crucial and fashionable staple in every wardrobe. Denim garment manufacturing is a profitable industry.
Because of their comfort, ease of wear, and durability, Denim jeans remain a popular choice among the younger generation. In some industrialized countries, there is a growing desire for "perfect fit" Denim jeans, which is encouraging the development of new goods. A current trend among Denim Jeans Market participants is to blend cotton with synthetic strands to provide consumers with stretchy pants.
The rise in urbanization and the increasing demand of Denim shirts are likely to promote the growth of the Denim Market in the forecast future. Furthermore, the growing popularity of flexible Denim jeans made from a combination of cotton and synthetic material is expected to boost the Denim Market's growth. Furthermore, the government's increased push to improve product manufacturing is expected to support the Denim Market's expansion.
On the other side, the rise in popularity of low-cost woolen clothing is expected to stifle Denim Market growth over the forecast period. Furthermore, the simple availability of raw materials and the advancement of Denim wear would create further potential chances for the Denim Market to grow in the next years. However, fluctuating raw material prices, as well as changing fashion and customer preferences, may pose additional challenges to the Denim Market's growth soon.
The Denim Market is segmented on the basis of Type and Application. On the basis of Type, the market is segmented into Light Denim, Medium Denim, and Heavy Denim. On the basis of Application, the market is segmented into Jeans, Shirt, Jacket and Others.
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Based on Type
Light Denim is a form of Denim with a low thread count that produces a lightweight fabric with excellent breathability. Cotton-synthetic fibers like polyester, rayon, and viscose are commonly used to generate its texture. Medium Denim is a weight of Denim that lies in between light and heavy. It's heavier than light Denim but lighter than thick denim. It's most commonly associated with jeans, although it can also be found on jackets and shirts. Denim that has been dyed with indigo and other dyeing pigments to achieve dark, subdued hues is known as heavy denim. The dark color gives it a rigid feel at first, but after washing, the fabric softens and becomes more flexible and comfortable to use.
Based on Application
The global market for Denim is led by jeans, which is likely to maintain its lead during the forecast period. Jeans are the most common application for denim. This is owing to its long-lasting nature and large range of weights, styles, and colors. Because it can sustain high temperatures without burning, firefighters use it when wearing heat-resistant clothes when putting out flames. This material is very popular for jeans because it lasts a long time.
Asia Pacific Region to Stand Firm on its Leading Position in the Denim Market
Asia Pacific acquired the largest market share during the year 2021 with a share of 38.40%. China, India, South Korea, Brazil, Mexico, Turkey, the UAE, and Saudi Arabia, among others, are expected to account for a large percentage of future expansion in the Denim jeans industry. The worldwide Denim jeans market is predicted to rise due to factors such as the influence of westernization and urbanization, the increase in the number of women entering the workforce, and increased fashion consciousness among customers.
Key players operating in the Global Denim Market include- Canatiba, Vicunha, Isko, Arvind, Aarvee, Nandan Denim Ltd, Weiqiao Textile, Sudarshan Jeans, Black Peony, Orta Anadolu, Jindal Worldwide, Etco Denim, Raymond UCO, Bhaskar Industries, Sangam, Oswal Denims, Suryalakshmi, Shasha Denims Limited, Xinlan Group, Foshan Seazon Textile and Garment, Cone Denim, Zhejiang Sitong Textile Fashion, Weifang Lantian Textile, Jiangyin Chulong, Bafang Fabric, Haitian Textile, Advance Denim, KG Denim, Shunfeng Textile and others
Segmentation of the Global Denim Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Denim in terms of revenue?
The global Denim valued at in 2020 and is expected to reach in 2028 growing at a CAGR of 4.5%.
Which are the prominent players in the market?
The prominent players in the market are Canatiba, Vicunha, Isko, Arvind, Aarvee, Nandan Denim Ltd, Weiqiao Textile, Sudarshan Jeans, Black Peony, Orta Anadolu, Jindal Worldwide, Etco Denim, Raymond UCO, Bhaskar Industries, Sangam, Oswal Denims, Suryalakshmi, Shasha Denims Limited, Xinlan Group, Foshan Seazon Textile and Garment, Cone Denim, Zhejiang Sitong Textile Fashion, Weifang Lantian Textile, Jiangyin Chulong, Bafang Fabric, Haitian Textile, Advance Denim, KG Denim, Shunfeng Textile.
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 4.5% between 2021 and 2028.
What are the driving factors fueling the growth of the market.
The driving factors of the Denim include
- Rise in consumer disposable income levels
Which region accounted for the largest share in the market?
Asia Pacific was the leading regional segment of the Denim in 2020.