Precision Reports Releases Global Insight Into The Denim Market.

In 2018, the global denim industry produced $19 billion 700 million of merchandise. This figure is expected to grow at an average annual rate of 3.2% over the next 7 years. By 2025, global denim production will reach US $25 billion 400 million.

In 2012, the global denim production was 5 billion 490 million meters, reaching 6 billion 600 million meters by 2016, with an average annual growth rate of 4.77%. China and India are still the world's largest denim and denim production countries. It is estimated that the global denim production will continue to grow at an average annual rate of 4.7% in the next 5 years. At this rate, the denim output will exceed 9 billion 100 million meters by 2023.

At present, the denim market is divided into four main categories: jeans, jackets and shirts, skirts and others. Among them, jeans occupy the highest market share and are expected to continue to occupy the main market share of denim Market in the future (from 2019 to 2023). In terms of gender, more denim is used to produce women's clothing.

The growth momentum of the denim Market includes the following factors:

Rapid rise of e-commerce channels

Increase in the number of working class

The growth of GDP and the popularity of western social life style

The report also said that the future development trend of denim will be more focused on environmental protection and other issues, in order to deal with consumers' concerns about pollution.

　　 The report further predicts that by 2025, the average annual demand of denim will increase by 4.38%. Europe and Asia Pacific will remain the largest denim consumption market in the world. The growth of demand in the Asia Pacific region is mainly due to the increase in the working class, the easy access of raw materials, and the increasing stimulation of overseas investment.

Denim industry chain terminal is a relatively wide field. In recent years, denim has played an important role in many fields such as clothing, household products, denim accessories, and so on. Globally, the main driving force of the denim Market stems from the growth of clothing demand. A previous report by Precision Reports predicted that by 2023, the total retail sales of cowboy clothing will reach $60 billion 900 million, and the average growth rate will be 4.9% in the next five years.