Ethical fashion market grows over 9% on rising customer awareness

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Global Ethical Fashion Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

Global Ethical Fashion Market Report by Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 10, 2022 /EINPresswire.com/ — The size of the global ethical fashion market is expected to grow from $6.93 billion in 2021 to $7.57 billion in 2022 at a compound annual growth rate (CAGR) of 9.1% . The global ethical fashion market share is expected to reach $10.28 billion in 2026 with a CAGR of 8%.

The growing awareness of the harmful effects of the textile industry on the environment is encouraging customers to opt for ethical fashion materials. Farms that grow raw materials used to make fabrics, including crops like cotton, flax, and hemp, need a lot of water. Up to 20,000 liters of water are needed to produce just 1 kg of cotton. To protect these crops, some farmers use a lot of pesticides and herbicides that end up in the environment. The making of rayon, an artificial fabric made from wood pulp, emerged during the loss of many ancient forests. During the process that turns it into fabric, the pulp is treated with dangerous chemicals that eventually leak into the environment. Considering these environmentally harmful processes, people are turning to eco-friendly materials, and this factor is contributing to the growth of the ethical fashion market.

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Natural resources are used as alternatives to textiles based on complex and harmful chemicals. Chemicals such as chromium, which are toxic, are widely used in the leather tanning process. To address concerns about toxic chemicals, Carmen Hijosa, founder of Ananas Anam, developed “Pinatex”, a natural leather alternative made from cellulose fibers extracted from pineapple leaves as an alternative to it. and other petroleum-based textiles. The industrial process used to create Pinatex produces biomass, which can be converted into fertilizer that farmers can apply to their soil to grow the next crop of pineapples. The use of natural and sustainable materials is the current trend in the ethical fashion market.

Key players covered in the global ethical fashion market are Christian Dior SE, H&M AB, NIKE Inc, Adidas AG, Pact, Tentree, Everlane, and Eileen Fisher.

TBRC’s Global Ethical Fashion Market report is segmented by Type into Fair Trade, Cruelty-Free, Eco-Friendly, Charitable, By Produced in Organic, Synthetic/Reclaimed, Recycled, Natural Brands, by End User in men, women, children.

Global Ethical Fashion Market Report 2022 – By Type (Fair Trade, Cruelty Free, Eco-Friendly, Charity Brands), By Product (Organic, Man-Made/Reclaimed, Recycled, Natural) , by End-User Gender (Male, Female, Children) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports from The Business Research Company that provides an overview of the fashion market Ethical, forecast Ethical Fashion market size and growth for overall market, Ethical Fashion market segments, geographies, Ethical Fashion market trends, Ethical Fashion market drivers, restraints, revenues, profiles and market shares of the main competitors.

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