Sustainable Fabrics Market Scope
Sustainable clothing materials refer to fabric that comes from eco-friendly resources, like sustainably grown fibre crops or recycled materials. Sustainable brands on the other side often use materials from natural or recycled fabrics that require significantly less to no chemical treatment, little water, less energy, and no fertilizers or pesticides to grow. Sustainable fabrics are made using organic farming methods that do not appreciate the use of pesticides and fertilizers. Textile applications include architecture, automotive, fashion, home textiles, interior, and furnishing. Over the course of the forecast period, the market is anticipated to expand as a result of rising demand for textiles that are sustainable and for apparel.
|Unit||Value (USD Million)|
|Key Companies Profiled||Adidas (Germany), LEVI STRAUSS &CO (United States), Patagonia, Inc (United States), Toms (United States), Lucy jack (United Kingdom), Medians (France), Ninety Percent (United Kingdom), Plant face clothing (Germany), Afends Pty Ltd. (Australia) and Zara (Spain)|
Sustainable Fabrics are an emerging market due to the presence of environmentally friendly products. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Research Analyst at AMA estimates that Europe Vendors will contribute to the maximum growth of Global Sustainable Fabrics market throughout the predicted period.
Adidas (Germany), LEVI STRAUSS &CO (United States), Patagonia, Inc (United States), Toms (United States), Lucy jack (United Kingdom), Medians (France), Ninety Percent (United Kingdom), Plant face clothing (Germany), Afends Pty Ltd. (Australia) and Zara (Spain) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Amour Vert (United States) and Eileen Fisher (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Sustainable Fabrics market by Type , by Application (Clothing, Furnishing, Medical and Others) and Region with country level break-up.
On the basis of geography, the market of Sustainable Fabrics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn October 2022, For a cash consideration of Rs. 1,522 crores and Rs. 70 crores, respectively, aggregating to Rs. 1,592 crores by way of slump sale, Reliance (under name change to Reliance Polyester Limited), a wholly-owned subsidiary of the company, recently executed definitive documents to acquire the polyester business of Shubha Lakshmi Polyesters Limited (SPL) and Subha Lakshmi Polytex Limited (SPT).
In June 2022, the German Federal Government's initiative Siegelklarheit has authorised the U.S. Cotton Trust Protocol as a benchmark for sustainable cotton. As a consequence, participants in the Partnership for Sustainable Textiles (PST) can calculate their share of sustainable cotton using the Trust Protocol as an additional standard.
Influencing Trend:Rising awareness regarding sustainable fabric production amongst fabric manufacturers, Growing furnishing industry and Encouraging guidelines for the manufacturing bio-based product
Market Growth Drivers:The rising degree of awareness regarding sustainable materials and fabrics
Challenges:The up-front costs of establishing a sustainable supply chain network are expensive, Challenges related to the procurement of raw materials or components and Difficulty in Monitoring Complex Supply Chains
Restraints:Limited availability of sustainable raw materials
Opportunities:Advancements in smart textiles which incorporate electronic capabilities into the fabric.
Key Target AudienceSustainable Fabric Manufacturers and Distributers, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users Industry and Others