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2021

Denim Fabric Market

Denim Fabric Market Size, Share, Competitive Landscape and Trend Analysis Report by Raw Material, Fabric Type and End-Use Industry : Global Opportunity Analysis, Historical Market Analysis, 2015-2020, and Industry Forecast, 2021-2030

MC : Advanced Materials

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Author's: Nikhil Mittal | Eswara Prasad
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Denim Fabric Market Research, 2030

The global denim fabric market size was valued at $18.1 billion in 2020, and is projected to reach $27.9 billion by 2030, growing at a CAGR of 4.4% from 2021 to 2030.

Denim is a durable cotton twill (weave) fabric typically used in the apparel industry for the production of jeans, jackets, shorts, jeggings, and other clothing and accessories. It is a strong fabric made using weft and warp weaving methods, which results in diagonal denim ribbing. Denim fabric gets its durability by twill weave, which helps fabrics to absorb a great amount of friction before it breaks apart. Other fibers such as polyester or spandex, are also added occasionally in small proportions to achieve the required attributes.  

Denim-Fabric-Market-2021-2030

Denim fabric manufacturing is often regarded as a continually growing industry in the entire textile value chain of several countries such as China, India, Bangladesh, Brazil, Italy, and others. The industry is growing at a healthy CAGR in most of the global economies, owing to the easy availability of cotton and increased demand for denim wear. Moreover, new manufacturers are entering the global denim fabric market, thereby fueling the competition. 

For instance, according to an article published by Textile Value Chain, the total number of denim fabric mills operating in India has reached 46 in 2021 against 30 in 2012, representing an increase of 53.3%. This may result in the availability of denim fabric at affordable prices. This factor is expected to drive the growth of the denim fabric market in the next few years. Furthermore, a huge part of denim fabric consumption is accounted for by unbranded denim manufacturers. This may further provide an additional push to the growth of the denim fabric market.   

However, cotton has been and continues to be one of the major raw materials for manufacturing denim fabric. However, cotton prices are in continuous fluctuation owing to poor weather conditions, declining cotton production, the end of Chinese stockpiling, falling of oil prices, and other factors. According to a report published by the U.S. Department of Agriculture, cotton production from May 2020 to September 2021 registered a decrease of 5.3 million bales as compared to the previous year for the same period. Furthermore, American cotton makes up around 38% of the world export market while India and China together account for half of the world's cotton production; however, a sizable portion is consumed by the domestic cotton production before exporting the rest. This causes an imbalance in the demand-supply chain of raw cotton that leads to high price fluctuation. Thus, denim fabric primarily being a cotton product gets immediately affected by the rise and fall in the prices of cotton, which in turn is expected to hamper the growth of the denim fabric market during the forecast period. 

On the contrary, traditional denim production involves the use of synthetic chemicals in the dyeing process, elastane for stretch, polyester trims, and other hardware such as rivets and metal buttons. These types of denim when getting old are sent into the landfill for degradation. According to a report published by the Water and Resource Action Program, the UK sends around 350,000 tons of clothing to landfills each year.

Thus, the huge accumulation of denim products comprises various synthetic chemicals that pose a threat to both environment and mankind. To reduce the accumulation of synthetic chemicals and dyes through traditional denim, several mills have developed sustainable alternatives to reflect customers' growing demand for sustainability. All these factors are expected to offer future growth opportunities to the global denim fabric market. 

The denim fabric market analysis is done on the basis of raw material, fabric type, end-use industry, and region. Depending on raw material, the market is divided into cotton, spandex, polyester, and others. On the basis of fabric type, it is fragmented into raw, sanforized, crushed, stretch, selvedge, and others. By end-use industry, the market is divided into clothing & apparel, décor & homeware, and accessories. Region-wise, the market is analyzed across the Americas, Europe, Asia-Pacific, and MEA. 

The major companies profiled in this report include Advance Denim Co., Ltd., Arvind Limited, Bextex, CONE Denim LLC, HA-MEEM Group, House of Gold, LLC, Isko, Modern Denim Ltd., Noman Group, and Raymond UCO Denim Pvt. Ltd.

The global market analysis covers in-depth information about the major denim fabric industry participants.

Denim fabric Market, by Region

Asia-Pacific denim fabric market size accounted for 79.2% of denim fabric market share in 2020 and is projected to witness growth at a CAGR of 4.6% during the forecast period. The increasing utilization of denim fabric for producing a wide range of denim products such as jeans, shirts, jackets, and others is the major key market trend in the global market. The easy availability of cotton has propelled the growth of the denim fabric market in the region. Moreover, preferential market access is the major factor augmenting the growth of the textile sector in Bangladesh, which in turn has led the denim fabric market over there to witness a significant increase in demand.

Denim Fabric Market
By Region
2030
Asia-pacific 
Americas
Europe
MEA

Asia-Pacific is the fastest growing region

Denim fabric Market, by Raw Materials

In 2020, the cotton segment was the largest revenue generator, and it is anticipated to grow at a CAGR of 4.5% during the forecast period. Cotton fabric has been used since ancient times for clothing and house decor. It offers comfort and durability that also weighs less. Cotton denim fabric dominated the market in denim fabric world as it is available easily, requires less time in production, and is available in a wide range of colors.

Denim Fabric Market
By Raw Material
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Cotton is the most lucrative segment

Denim fabric Market, by fabric type

In 2020, the raw fabric type was the largest revenue generator, and is anticipated to grow at a CAGR of 4.4% during the forecast period. Raw denim is often referred as dry or unwashed denim. It has long life and with every wash the color fades. Jacob Davis and Levi Strauss used this fabric to make clothing for miners and workers. The fabric is tough, versatile, and appeals to all age groups.

Denim Fabric Market
By Fabric Type
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Stretch fabric type is the fastest growing segment

Denim fabric Market, by End Use

By end use, the decor & homeware segment is expected to expand at the fastest rate during the forecast period, and it is anticipated to grow at a CAGR of 5.0% during the forecast period. A lesser-known use for denim is in furniture upholstery. It may not be quite as popular as leather or microfiber, but many people prefer the soft, comfortable feeling of denim furniture. It is used in couches, loveseats, recliners, sectionals, and several other types of furniture. 

Denim Fabric Market
By End-use Industry
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Clothing and Apparel is most lucrative segment

Key Benefits for Stakeholders

  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current denim fabric market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Impact Of Covid-19 On The Global Denim Fabric Market

  • The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. 
  • The denim fabric market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to disruptions in the supply chain for denim fabric products. Moreover, the rising prices of raw materials, mainly cotton and cotton yarn, have decreased the production of denim fabric during the COVID-19 period. 
  • For instance, according to a report published by the Denim Manufacturers Association of India (DMAI), the prices of cotton and cotton yarn surged by 20-30% in December 2020 as compared to March 2020. Furthermore, to control the surge of novel coronavirus cases, there is a drastic shift of investments from other sectors toward healthcare. Also, several denim fabric manufacturing companies and mills have either shut down or shrunk their operations due to the risk of infection among the workforce. This has temporarily hampered the production rate of the denim fabric market.
  • In addition, the falling income of customers has led contraction in the demand for premium denim products. Furthermore, the industry has faced various problems related to transportation, the non-availability of a skilled workforce, and reduced export/ import orders amid the COVID-19 period. This has led the denim fabric market to witness a downfall in demand. In addition, several textile trade shows and exhibitions have been postponed owing to increase in the number of COVID-19 cases. This has restrained the denim fabric manufacturers from getting new clients and sales offers globally. 
  • However, the introduction of bio-antibacterial and environmentally safe denim fabrics may boost the growth of the denim fabric market. Furthermore, several governments have conducted symposiums with textile Export Promotion Councils and other industry stakeholders for finalizing a list of potential export products against which exports of textile and apparel can be enhanced. For instance, according to a report published by the Indian Ministry of Textiles, the Government of India has decided to continue the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for the remission of duties and taxes on exported textile products. 
  • Moreover, several American and European retailers have transferred many textile orders originally produced in India to China to ensure the supply of goods on time. This may enhance the performance of the Chinese denim fabric industry amid the COVID-19 situation. In addition, as the restrictions imposed due to lockdowns are being lifted, the denim fabric manufacturing sector is expected to recover soon owing to an increase in demand for clothing, accessories, homeware, and other denim-based products in both developed and developing economies. 

Denim Fabric Market Report Highlights

Aspects Details
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By RAW MATERIAL
  • Cotton
  • Spandex
  • Polyester
  • Other
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By FABRIC TYPE
  • Raw
  • Sanforized
  • Crushed
  • Stretch
  • Selvedge
  • Others
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By END-USE
  • Clothing & apparel
  • Decor & homeware
  • Accessories
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By Region
  • Americas  (Mexico, Colombia, Nicaragua, U.S., Guatemala, Peru, Argentina, Dominican Republic, Paraguay, Ecuador)
  • Europe  (Turkey, France, UK, Ukraine, Poland, Serbia, Portugal, Spain, Germany, Romania, Italy)
  • Asia-Pacific  (Bangladesh, Vietnam, Cambodia, Hong Kong, China, Tunisia, Sri Lanka, Korea, Indonesia, Russia, India, Thailand, Pakistan, Japan)
  • MEA  (Egypt, Morocco, Madagascar, Kenya, South Africa)
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Key Market Players

ISKO, CONE DENIM LLC, BEXTEX, NOMAN GROUP, HA-MEEM GROUP, ADVANCE DENIM CO., LTD., ARVIND LIMITED, HOUSE OF GOLD, LLC, MODERN DENIM LTD, RAYMOND UCO DENIM PVT. LTD.

Analyst Review

The global denim fabric market is expected to exhibit high growth potential, owing to its high demand in the clothing & apparel sector. Denim has gained immense popularity irrespective of age groups and gender. Comfort and fit are very important aspects of denim garments as denim is witnessing tough competition from athleisure wear. Nowadays, trends don’t just come and go, they come and linger. Owing to increased competition from different garments, denim manufacturers need to shift their focus toward comfortable clothing. Hence, there is a huge challenge on the part of denim product manufacturers to offer innovative products to cater to customers’ ever-changing requirements. The major focus of innovation and development should be comfort coupled with durability. Improved performance of denim products with the blend of synthetic and natural fibers is used by the manufacturers to offer stretchability.

Despite all this, the popularity of denim owing to social and cultural influence is remarkable. Manufacturers are continuously adapting advanced washing and dyeing techniques to fulfil consumers’ demand for unique looks. Moreover, initiatives were taken by the denim manufacturers to curb the environmental footprint associated with the processes involved in the production of denim fabric and its products. Water is extensively used in the denim supply chain, right from the field where the cotton is harvested to the manufacturing units where denim products are made. Moreover, chemicals used in the production of denim can have an adverse impact on the environment. Adoption of advanced technology and environmentally-friendly processes are expected to fuel the demand for denim fabric.

 

Author Name(s) : Nikhil Mittal | Eswara Prasad
Frequently Asked Questions?

Availability of denim fabrics at affordable prices and socio-economic trends are the key factors boosting the Denim Fabrics market growth

The global denim fabric market was valued at $18,142.9 million in 2020, and is projected to reach $27,884.3 million by 2030, growing at a CAGR of 4.4% from 2021 to 2030.

Advance Denim Co., Ltd., Arvind Limited, Bextex, CONE Denim LLC, HA-MEEM Group, House of Gold, LLC, Isko, Modern Denim Ltd., Noman Group, and Raymond UCO Denim Pvt. Ltd. are the most established players of the global Denim Fabrics market.

Clothing and Apparel industry is projected to increase the demand for Denim Fabrics market

The global denim fabric market analysis is done based on raw material, fabric type, end-use industry, and region. Depending on raw material, the market is divided into cotton, spandex, polyester, and others. On the basis of fabric type, it is fragmented into raw, sanforized, crushed, stretch, selvedge, and others. By end-use industry, the market is divided into clothing & apparel, décor & homeware, and accessories. Region-wise, the market is analyzed across the Americas, Europe, Asia-Pacific, and MEA.

The production of denim fabric has increased in recent years. Denim fabric is used all over the world to produce clothing such as jeans, shirts, and jackets and other accessories. Initially used as a fabric to manufacture tents, blankets, and wagon covers, denim fabric is now one of the most dynamic fabrics used in the textile industry. Since denim fabric is produced from cotton, it is natural and breathable, and the thick twill of the fabric makes it resilient to tears and abrasions. Moreover, denim is easy to clean and can be washed easily. Denim fabric remains popular in part owing to its durability. High-quality clothing made up of denim can last for years and these apparels look better as they age, which adds to their appeal. Apparels made up of denim fabric are equally enjoyed by all people irrespective of age. Moreover, denim fabric can practically be used to make any garment. This fabric has gone through many evolutions, even today, fashion designers and manufacturers around the world continue to devise new ways to utilize denim. Denim fabric paved the way forward for many style trends that continue to shape the fashion industry. These factors are translating into continuous demand for denim fabric across the globe.

jeans, skirts, shirts, blouses, jackets, and vests applications are expected to drive the adoption of Denim Fabrics

The global denim fabric market has been negatively impacted due to wake of COVID-19.

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Denim Fabric Market

Global Opportunity Analysis, Historical Market Analysis, 2015-2020, and Industry Forecast, 2021-2030