The different marketing channels, marketing strategies, raw materials, raw material sourcing and key vendors of raw materials is studied under the scope of the market study for the period 2017-2022.
The global Denim Fabric market is valued at USD 18445.74 million in 2016 and is expected to reach USD 24896.55 million by the end of 2023, growing at a CAGR of 4.38% between 2016 and 2023.
In terms of volume, the Global Denim Fabric market sales was 6618.1 Million Meters in 2016, and is predicted to reach 9130.1 Million Meters in 2023, with a CAGR 4.70% from 2016 to 2023.
Denim Fabric downstream is wide and recently denim fabric has acquired increasing significance in various fields of clothing, household items, cowboy accessories and many other fields. Globally, the denim fabric market is mainly driven by growing demand for clothing.Jeans accounts for nearly 72% of total downstream consumption of denim fabric.
In global, Currently China and India have become the fastest growth and largest market of global denim fabric industry.
India has an integrated value chain for denim products starting from fiber to retail. Denim is primarily produced from cotton and India is expected to overcome China as the single largest producer of cotton in the world.
The country is the second largest producer of cotton yarn. The denim fabric production capacity of India is more than 1.2 billion meters per year and India is still witnessing entrance of more denim fabric manufacturers in the industry.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, denim fabric consumption will show a trend of steady growth. In 2023 the production of denim fabric is estimated to be 9130.1 million meters, and the consumption increasing degree will be high.
On product prices, the slow downward trend in recent years will maintain in the future.
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