Global Denim Fabric Market Insights Forecasts to 2030

• The Global Denim Fabric Market Size was valued at USD 18.1 billion in 2021
• The Market is growing at a CAGR of 4.4% from 2021 to 2030
• The Worldwide Denim Fabric Market size is expected to reach USD 29.4 billion by 2030
• Europe is expected to grow the fastest during the forecast period

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The Global Denim Fabric Market is anticipated to reach USD 29.4 billion by 2030, at a CAGR of 4.4% during the predicted period from 2022 to 2030. Denim fabric industrial production is frequently regarded as a consistently growing industry across several countries, including India, China, Bangladesh, Brazil, Italy, and others. Because of the widespread accessibility of cotton and increased demand for denim wear, the industry is expanding at a remarkable CAGR in most global economies. The increased uses of stretchable jeans among the young population, as well as online retail discounts, are contributing to the expansion of the denim fabric industry.

 

Market Overview

Denim is a strong cotton twill (weave) fabric utilized by the clothing industry to make jeans, jeggings, jackets, shorts, and other clothing and accessories. It's a tough fabric created through the use of weft and warp weaving techniques, resulting in diagonal denim ribbing. The twill weave gives denim fabric its durability, allowing it to absorb a lot of friction before breaking apart. Other fibres, such as polyester or spandex, are occasionally added in small amounts to achieve the desired properties. The global denim fabric market is being driven by the availability of denim fabrics at reasonable prices, as well as socioeconomic trends. Cotton is abundant in many countries, including India, China, Brazil, Italy, and Bangladesh, and there is a high demand for denims. As a result, new manufacturers are entering the market, while established players are expanding their international presence, resulting in intense competition across many countries. This fabric has evolved many times, and fashion designers and manufacturers all over the world are still coming up with new ways to use denim. Denim fabric paved the way for many fashion trends that are still shaping the industry today. These factors are resulting in a steady demand for denim fabric around the world.

 

Report Coverage

This research report categorizes the market for the global denim fabric market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the denim fabric market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the denim fabric market.

 

    

Driving Factors

Denim-based clothing, such as baby wear, shirts, trousers, jackets, and ladies' wear, is becoming more popular in the modern globe. During the projected timeframe, the global denim fabric market is projected to be fueled by rapidly rising demand for denim fabric from the apparel industry. The preference for denim is growing as the high spending power of youth grows. Rising consumer awareness of various products such as skinny, tapered, high rise, and so on is driving up demand for denim fabric. Influence on social media platforms is also contributing to the growth of denim fabric market. The denim fabric market is estimated to increase as a result of the ongoing evolution of consumer trends and preferences for appealing fashion and beauty, as well as ongoing company innovation activities with styles, designs, trends, and colours, which will drive the market for denim fabric.

 

Restraining Factors

Cotton is still the main raw material used in the production of denim fabric. Cotton prices, on the other hand, are constantly fluctuating due to seasonal changes, declining cotton production, the end of Chinese stockpiling, falling oil prices, and other factors. This leads to an imbalance in the raw cotton demand-supply chain, resulting in high price volatility. Thus, because denim fabric is primarily a cotton product, it is immediately affected by changes in cotton prices, which is predicted to impede the growth of the denim fabric market during the forecast period.

 

Market Segmentation

 

The Global Denim Fabric Market share is segmented into fabric type, raw material, and end-use.

• The raw segment is anticipated to hold the largest market over the forecast period.

Based on the fabric type, the global denim fabric market is segmented into raw, sanforized, crushed, stretch, vintage, selvedge, and others. Among others, the raw segment is expected to hold the largest market over the forecast period. Raw denim is also known as dry or unwashed denim. It has a long lifespan, but the colour fades with each wash. This fabric was used by Jacob Davis and Levi Strauss to make clothing for miners and workers. The fabric is tough, versatile, and appealing to people of all ages.

 

• The cotton segment held the largest market and is anticipated to continue its dominance over the predicted period.

On the basis of raw material, the global denim fabric market is classified into cotton, spandex, polyester, and others. Among these, the cotton segment held the largest market and is estimated to continue its dominance over the predicted period. Cotton fabric has been used for clothing and home decor since ancient times. It provides comfort and durability while also weighing less. Cotton denim fabric dominated the denim fabric market because it is widely available, takes less time to produce, and comes in a variety of colours.

 

• The emitters/drippers segment accounted for the largest majority share.

Based on the end-use, the global denim fabric market is categorized into clothing, homeware, accessories & others. Among these, the homeware segment held the largest share of the market. The reason behind the growth is, increasing use of denim in homeware and décor applications, the homeware segment dominated the global denim fabric market share. Denim upholstery is a lesser-known application of the fabric. Denim furniture may not be as popular as leather or microfiber, but people prefer it because it is soft and comfortable. Sofas, loveseats, recliners, sectionals, and other types of furniture are available.

 

Regional Segment Analysis of the Denim Fabric Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is expected to hold the largest share of the market during the predicted timeframe.

 

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The Asia Pacific denim fabric market witnessed the largest market of the total denim fabric market in 2021 and is projected to grow at a remarkable CAGR during the study period. The increasing use of denim fabric in the production of a wide variety of denim products such as jeans, shirts, jackets, and others are a major key market trend in the global market. The easy availability of cotton has fueled the growth of the region's denim fabric market. Furthermore, preferential market access is a major factor boosting the growth of Bangladesh's textile sector, which has resulted in a significant increase in demand for denim fabric.

 

During the study period, the European denim fabric market is anticipated to expand the fastest. Increasing investments in the high-quality denim fabrics market in accessories are projected to propel denim fabric market growth. Growing residential construction with modern furniture and interior design, as well as increased investment in home décor, are boosting the region's growth. Germany, the United Kingdom, Spain, and Italy are the leading key players in the denim fabric market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global denim fabric market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• ADVANCE DENIM CO., LTD.
• ARVIND LIMITED
• BEXTEX
• CONE DENIM LLC
• HA-MEEM GROUP
• HOUSE OF GOLD
• Kontoor Brands, Inc.
• ISKO
• MODERN DENIM LTD
• NOMAN GROUP
• RAYMOND UCO DENIM PVT. LTD
• Nandan Denim Ltd.
• KURABO INDUSTRIES LTD

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In October 2022, Advance Denim has announced a collaboration with Good Earth Cotton to launch a fully traceable denim collection made from climate-friendly fibre dyed with clean indigo dyeing technology.

 

• In June 2020, Arvind Ltd. has announced the first launch of anti-viral fabric technology in India under the brand "Intellifabrix." Arvind has collaborated with Swiss textile innovation leader HeiQ Materials AG and Taiwanese speciality chemical behemoth Jintex Corporation to bring this revolutionary anti-virus technology to India.

 

• In February 2022, Arvind Ltd. has joined forces with Kontoor to form a new denim supply chain alliance.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Global Denim Fabric Market based on the below-mentioned segments:

 

Global Denim Fabric Market, By Fabric Type

• Raw
• Sanforized
• Crushed
• Stretch
• Vintage
• Selvedge
• Others

 

Global Denim Fabric Market, By Raw Material

• Cotton
• Spandex
• Polyester
• Others

 

Global Denim Fabric Market, By End-Use

• Clothing
• Homeware
• Accessories
• Others

 

Global Denim Fabric Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa