Denim Fabric Market Size Worth $32 Billion By 2030 : Industry ARC

Denim Fabric Market size is predicted to reach $32 billion by 2030, growing at a CAGR of 4.7% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. The increasing popularity of denim clothing including denim jeans, jackets and shirts among people of all ages owing to its versatility is one of the reasons which is poised to propel the market growth, finds IndustryARC in its recent report, titled “Denim Fabric Market Size, Share & Trends Analysis Report By Type (Heavy Denim Fabric, Medium Denim Fabric, Light Denim Fabric), By Raw Material (Spandex, Cotton, Polyester, Others), By Fabric Type (Raw Denim, Crushed Denim, Sanforised Denim, Selvedge Denim, Stretch Denim, Poly Denim, Others), By End-Use (Accessories, Décor and Homeware, Clothing and Apparel, Others), By Region and Segment Forecasts, 2023–2030”

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Asia-Pacific Dominated the Market in 2022:

Asia-Pacific region held the highest market share in the global Denim Fabric Market with a market size of $9 billion in 2022 owing to the growing population, increasing disposable incomes and changing fashion trends in the region. Countries like China, India, Japan and South Korea have been the major contributors to the growth of the denim fabric market in the Asia-Pacific region. The rising middle-class population in these countries has led to an increase in consumer spending on apparel and fashion, resulting in a higher demand for denim clothing.

As per Asian Development Bank, in November 2022, Envoy Textiles Limited (ETL), the largest denim fabric producer in Bangladesh has a production rate of 52 million yards representing nearly 10% of the nation’s total denim fabric capacity.

Denim Fabric Market 2023-2030: Segmentation

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Denim Fabric Market Report – Key Takeaways:

• Raw Denim Dominated the Market

The Raw Denim segment held the largest market share of 28.1% in 2022. Raw denim is untreated and unwashed and it is characterized by its stiffness and dark indigo color. It is considered to be more durable and long-lasting than pre-washed denim and is often preferred by denim enthusiasts for its unique fading patterns that develop over time with wear which further drive the demand for Raw Denim during the forecast period.

• Spandex to Register the Highest Growth

Spandex is analyzed to grow with the highest CAGR of 5.6% during the forecast period. The use of spandex in denim fabric has become increasingly popular owing to its ability to create a more comfortable and flexible garment. This has led to the popularity of skinny jeans and other tight-fitting denim garments which are now a staple in many wardrobes and are growing demand for spandex raw materials.

• Burgeoning Opportunities in Collaboration with Fashion Brands and Designers

Collaborating with fashion brands and designers can help denim manufacturers to develop new product lines and reach new customer segments is going to create growth opportunities. This can also help manufacturers to stay ahead of the competition by staying on top of emerging fashion trends.

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Key Opportunity Analysis:

• Innovation in Design and Technology

Denim manufacturers are experimenting with new designs and technologies to create innovative denim fabrics that offer improved functionality and comfort. For instance, stretch denim and moisture-wicking denim have become increasingly popular in the athletic and athleisure markets and are fuelling the denim fabric industry. For instance, Lycra is branded stretch that provides long-lasting stretch for comfort & fit and fabrics that moves and flex with the body. Lycra T400 fiber offers superior form retention with spandex-free stretch and bounce-back recovery.

• High Demand for Customization and Personalization

Denim manufacturers are offering custom fit options that allow customers to choose their preferred size, length and other dimensions. This allows consumers to get a more tailored fit that is unique to their body shape and size. Advances in digital printing and other technologies are making it easier for manufacturers to offer customized design options. Customers can choose from a range of design options including patterns, prints and embroidery or can even upload their designs to create a truly unique product.

Additionally, Denim manufacturers are also offering personalized detailing options such as monogramming or adding patches or embellishments to denim products. This allows customers to create a product that is truly unique and reflects their style, thereby boosting the market growth.

For instance, In September 2022, Acne studios launched its first denim customization service. Customers can add letters, numbers embroidered symbols for an additional price of $50 for customization made by the company on their jeans and denim jackets.

• The Emergence of Digital Printing Technology

Digital printing technology allows for highly detailed and intricate designs to be printed onto denim fabrics. This allows manufacturers to offer customization options to customers, who can choose from a range of designs or even upload their designs to create a truly unique product. It is faster and more efficient than traditional printing methods, which require screens to be created for each color in the design. Digital printing technology can print multiple colors at once, reducing the time and cost required to produce a design. Additionally, Digital printing technology allows for greater flexibility in design and production. Manufacturers can produce smaller runs of custom designs without incurring the high costs associated with traditional printing methods.

In January 2022, North Carolina State University researchers developed digital denim printing. It is an inkjet-based printing technique that imitates the wear and color pattern of denim. The fabric is printed instead of dyed which allows for more color and various patterns. Digital printing is a useful method for manufacturing new denim products by utilizing less energy and water.

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The Report also Covers the Following Areas:

• Denim Fabric Market Size and Forecast
• Denim Fabric Market Trends
• Denim Fabric Market Analysis by Fabric Type

Denim Fabric Market 2023-2030: Key Highlights

• CAGR of the market during the forecast period 2023-2030
• Value Chain Analysis of key stakeholders
• Detailed Analysis of market drivers and opportunities during the forecast period
• Denim Fabric Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive Analysis of challenges and constraints in the Denim Fabric Market

Covid and Ukrainian Crisis Impact:

• The pandemic has caused disruptions in the global supply chain, affecting the production and distribution of denim fabrics. The closure of factories and restrictions on movement have led to delays in shipping and caused shortages of raw materials, which has resulted in increased prices and longer lead times. Additionally, the pandemic has changed consumer behavior with more people working from home and spending less time outside. This has led to a decrease in demand for denim products, especially those designed for formal or outdoor activities.
• Due to the Russia-Ukraine war, the conflict has led to disruptions in the global supply chain, especially for companies that rely on raw materials or manufacturing facilities located in the region. The closure of factories and restrictions on movement have led to delays in shipping and caused shortages of raw materials which has resulted in increased prices and longer lead times.

Additionally, the conflict has also led to changes in trade policies between Ukraine and Russia, which has affected the flow of goods and services between the two countries. This has created uncertainty for denim fabric manufacturers who rely on the region for production or distribution.

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List of Key Market Players in the Denim Fabric Market:

The Denim Fabric Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

1. Advance Denim Co. Ltd.
2. Arvind Limited
3. Bextex Limited
4. Kurabo Industries Ltd.
5. Modern Denim Ltd.
6. SANKO
7. Cone Denim LLC
8. Ha-Meem Group
9. Noman Group
10. KAIHARA DENIM.
11. Raymond UCO Denim Pvt. Ltd.
12. House of Gold, LLC
13. Kuzgunlar Textile
14. Artistic Denim Mills Ltd.
15. UNITIN-INDUSTRIAS MORERA S.A

Related Reports:

Denim Finishing Agents Market – Denim Finishing Agents Market is projected to grow at a CAGR of 5.5% from 2023 to 2030. The employment of specialist formulations in the production of denim products such as jeans, jackets, bags, trousers, and accessories has increased the demand for finishing chemicals. 

Denim Process Chemicals Market – Denim Process Chemicals Market is projected to grow at a CAGR of 6.1% from 2023 to 2030. Growth due to its cost-effective and environment-friendly process and increasing consumption of denim clothing and apparel are driving the market growth.

North Asia Denim Process Chemicals Market – North Asia Denim Process Chemicals Market is projected to grow at a CAGR of 5.7% from 2023 to 2030 owing to the bolstering consumption of denim clothing & apparel sector and growing awareness for bio-based denim chemicals are propelling the market growth.

Synthetic Fabric Market – Synthetic Fabric Market is projected to grow at a CAGR of 3.2% from 2023 to 2030. 

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