Denim Fabric Market Analysis, Size, Share, Growth, Trends and Forecast 2025
Global Denim Fabric Market.
Market Synopsis
According to MRFR analysis, the
Global Denim Fabric Market was valued at USD 20 Billion in 2019 and is
estimated to register a CAGR of 3.5% during the forecast period, 2020–2027.
The advantages for denim fabric include
high strength and durable, as it can withstand abrasion, wrinkle resistance,
and offer low maintenance, textured surface. The fabric is easy to wear,
long-lasting, and does not progressively shrink.
The primary growth driver is the high
demand for denim fabric in jeans and shirts across the globe. Major companies
operating in the denim fabric include KURABO INDUSTRIES LTD, LNJ Denim, KAIHARA
Corporation, ISKO, and KUROKI CO. LTD.
Pricing Analysis
In 2019, the denim fabric was priced
between USD 8.5 and USD 9.4 per meter across the globe. The raw material for
manufacturing denim fabric is mainly cotton. The fluctuating prices of cotton
and an inadequate supply of cotton affect the prices of denim fabric. Due to
all these factors, denim fabrics are mixed with other fabrics such as
polyester, spandex, or nylon to achieve the desired textured results. Owing to
weight, rigidity, and thickness, denim is always preferred in jeans, jackets,
and skirts.
SEGMENTATION
By Type
- Selvedge Denim: This segment dominated the global denim fabric market by type in 2019, owing to its superior performance
characteristics and its ability to prevent the edge from unraveling,
offering a neat, durable, and finished look. Selvedge denim has vast
applications in jeans and jackets. It is widely used in high-quality
clothing offered by luxury brands. The major brands offering this denim
fabric are Kuroki Co. Ltd, Kaihara Denim, Kurabo Industries Ltd, and
NihonMenpu TextileCo., Ltd. Japan is a key producer of Selvedge denim,
followed by the US.
- Raw or Dry Denim: Raw denim is untreated or unwashed denim,
offering the purest form with a stiff look. This fabric gets more
expensive as its color fades over time.
- Colored Denim: The colored denim segment includes denim fabric
that is dyed green, mustard, white, black, or pink. With the increasing
demand for different and uniquely colored fabrics, the demand for colored
denim is likely to increase during the assessment period. This denim
fabric is first sulfur dyed and then indigo dyed. This kind of fabrics is
used in making colorful skirts, jackets, and jeans shorts.
- Organic Denim: The organic denim fabric is made from 100% organic
cotton. This denim fabric is not treated with chemicals. Thus, being
non-hazardous, this fabric is gaining popularity in the denim fabric
market. Moreover, shifting preference for sustainable clothing is likely
to drive demand for organic denim in the market.
- Denim from Fox Fiber: This denim fabric is woven using
organically or natural colored cotton known as fox fiber. This fox fiber
is available in three shades, namely, palo verde green, coyote brown, and
buffalo brown. Fox fiber denim is primarily used for manufacturing jackets,
shirts, and jeans.
- Crushed Denim: Using a special wet processing method, crushed
denim fabric is woven and given a permanent textured effect. This fabric
is used to make shorts, jackets, and jeans.
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By Application
- Clothing: Changing lifestyles and growing e-commerce industry is
expected to fuel the growth of the product market during the forecast
period. Increasing social media influence is likely to drive the growth of
the clothing industry, exhibiting high demand for denim fabric. The
popularity of jeans, jackets, and shoes are driving the demand for denim
fabrics. In the US, the revenue from the apparel industry is expected to
reach around USD 364.8 billion by 2020 and is expected to reach USD 390
billion by 2025. Growing investments in women's clothing and the
increasing number of potential consumers are likely to drive the growth of
the clothing segment in the global market.
- Accessories: Denim fabrics are finding applications in accessories,
owing to the continuous innovation and development in design and changing
consumer trends. Bags, belts, handbags, and caps are significant
applications of denim fabrics in the accessories segment.
- Homeware: Denim fabric in the homeware segment is used in
upholstery products, including draperies or curtains. It is also used in
home décors such as pillow covers, blankets, slipcovers, and carpets.
Heavyweight denim fabrics weighing 15 oz are used to manufacture curtains.
The growing focus on interior designing and the rising consumer spending
is likely to drive the demand for denim fabric in the homeware segment.
- Others: The other applications of denim fabric include lampshades,
seat covers, TV covers, and photo frames.
By Region
- Europe: The region witnessed significant growth in the denim fabric
market in 2019 owing to the increasing investments in men and women
apparel clothing, especially in countries such as Italy, the UK, and
Spain.
- North America: The region held the second-largest share of the
global market in 2019. The growth of the apparel industry and the
increasing online shopping platforms are driving the demand for denim
fabric in the region.
- Asia-Pacific: Asia-Pacific is the most opportunistic market, owing
to rapid economic growth, rising per capita income, and a strong influence
of social media in the regional market.
- Middle East & Africa and Latin America: These regions are
expected to witness limited growth due to slow economic growth and the
limited presence of fashion companies.
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