Denim Fabric Market Report Overview
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The global denim fabric market size was USD 22510 million in 2021 and is projected to touch USD 30928.81 million by 2031, exhibiting a CAGR of 3.2% during the forecast period.
Denim fabric is durable cotton. It is a type of cotton twill. The product is popular in western countries and then becomes popular worldwide. The fabric is more expensive than jeans, and it is stronger. Common clothing made of denim fabric are jackets, jeans, and shirts.
The denim fabric market growth is attributed to the textile industry and new manufacturing entering the global market. The increased popularity of denim clothes such as shirts, jackets, trousers, and ladies & babies is estimated to fuel market growth. Increased fashion awareness among consumers and high demand for the fabric in fashion shows is predicted to drive market growth. Easy availability of cotton and a rise in disposable income is anticipated to boost product adoption. Growing standards of living and steady technology advancements are expected to fuel market growth in the upcoming years. On the contrary, the availability of substitutes and the high cost of the product than other fabric are anticipated to obstruct market growth in the near future.
COVID-19 Impact: Rise in Raw Material Price to Hamper Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the denim fabric experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic negatively affected market growth owing to disruption in the supply chain. Rise in raw material prices, especially cotton and cotton yarns, due to lockdown restrictions to hamper market growth. Shutdown of manufacturing units and halt production activities to restrict market growth. High price fluctuation coupled with the demand and supply gap minimizes market growth.
LATEST TRENDS
"Increased Demand from Textile Industry to Surge Market Growth "
Increasing demand for the product in the textile industry and the high need for clothes is anticipated to fuel market growth. The increased popularity of denim clothes such as shirts, jackets, trousers, and ladies & babies is estimated to fuel market growth. Increased fashion awareness among consumers and high demand for the fabric in fashion shows is predicted to drive market growth. Growing demand for the product among fashion designers and the high need for clothing is projected to expand market progress. An increase in population and a high need for clothing for survival are estimated to propel the denim fabric market growth in the forthcoming years.
Denim Fabric Market Segmentation
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- By Type
Based on type, the market is divided into light denim fabric, medium denim fabric, heavy denim fabric.
Medium denim fabric is expected to be the leading part of the segmentation type.
- By Application
Based on the application, the market is divided into jeans, shirt, jacket, and others.
Jeans are expected to be the leading part of application segmentation.
DRIVING FACTORS
"Huge Demand for Denim Products to Foster Market Progress"
Huge demand for denim products such as pants, shirts, jackets, skirts, belts, hats, athletic shoes, denim pencil cases, denim pillows, denim wine bags, upholstery, lampshade, and denim quilt. Such extensive adoption of the product among consumers is estimated to foster market growth. The product is relatively heavy and comes with lycra, polyamide, polyester, or polypropylene. Further, the product is famous in western countries and is typically famous for its blue jeans. These factors are estimated to fuel market growth in the forthcoming years. The fabric is more expensive than jeans, and it is stronger, which is estimated to drive denim fabric market growth.
Growing Standard of Income and Rise in Disposable Income to Incite Market Growth
The market is expected to witness lucrative growth opportunities due to a rise in disposable income and the easy availability of cotton. Further, growing standards of living and steady technology advancements are expected to fuel market growth in the upcoming years. New manufacturing and increased competition are anticipated to drive market growth. Also, clothing is a basic necessity for survival and denim products are superb comfort, attracting more consumers. Easy availability of denim products coupled with massive investment by key players is anticipated to surge denim fabric market growth.
RESTRAINING FACTORS
"Presence of Substitutes and High Cost of Denim Jeans to Hamper Market Growth"
The availability of substitutes and the high cost of the product than other fabric are anticipated to obstruct market growth in the near future.
Denim Fabric Market Regional Insights
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"Rise in Disposable Income in Asia Pacific to Drive Market Share "
Global denim fabric market share is estimated to dominate the Asia Pacific region due to a rise in disposable income. The increased popularity of denim clothes such as shirts, jackets, trousers, and ladies & babies is estimated to fuel market growth. Increased fashion awareness among consumers and high demand for the fabric in fashion shows is predicted to drive market growth. Easy availability of cotton and a rise in disposable income is anticipated to boost product adoption. Growing standards of living and steady technology advancements are expected to fuel market growth in the upcoming years.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Vicunha (Brazil)
- Canatiba (Brazil)
- Isko (Turkey)
- Arvind (India)
- Aarvee (India)
- Nandan Denim Ltd. (India)
- Santana Textiles (India)
- Weiqiao Textile (China)
- Partap Group (India)
- Black Peony (China)
- Orta Anadolu (Turkey)
- Jindal Worldwide (India)
- Etco Denim (India)
- Raymond UCO (India)
- Bhaskar Industries (India)
- Sangam (India)
- Oswal Denims (India)
- Suryalakshmi (India)
- Xinlan Group (China)
- Artistic Fabric Mills (Pakistan)
- Foshan Seazon Textile and Garment (China)
- Cone Denim (U.S.)
- Zhejiang Sitong Textile Fashion (China)
- Weifang Lantian Textile (China)
- Bafang Fabric (China)
- KG Denim (India)
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 22510 Million in 2022 |
Market Size Value By |
US$ 30928.81 Million by 2031 |
Growth Rate |
CAGR of 3.2% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the denim fabric market expected to touch by 2031?
The global denim fabric market is expected to reach USD 30928.81 million by 2031.
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What CAGR is the denim fabric market expected to exhibit by 2031?
The denim fabric market is expected to exhibit a CAGR of 3.2% by 2031.
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Which are the driving factors of the denim fabric market?
Drivers of this denim fabric market are huge demand for denim products and growing standard of income and rise in disposable income.
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Which are the top companies operating in the denim fabric market?
Vicunha, Canatiba, Isko, Arvind, Aarvee, Nandan Denim Ltd, Santana Textiles, Weiqiao Textile, Partap Group, Black Peony, Orta Anadolu, Jindal Worldwide, Etco Denim, Raymond UCO, Bhaskar Industries, Sangam, Oswal Denims, Suryalakshmi, Xinlan Group, Artistic Fabric Mills, Foshan Seazon Textile and Garment, Cone Denim, Zhejiang Sitong Textile Fashion, Weifang Lantian Textile, Bafang Fabric, and KG Denim are the top companies operating in the denim fabric market.