IBISWorld is a leader in global industry research and we’re known for our breadth and depth of trusted data and analysis. Industry Experts Agree: Resale is Set to Soar. The MarketWatch News Department was not involved in the creation of this content. As opposed to the previous year that was focused on meeting challenges, this year, the fashion industry will welcome opportunities. Anxiety and concern is the prevailing mood across the fashion industry for 2020, with global fashion industry growth expected to slow further as economic growth shrinks and competition intensifies. Find the most up-to-date industry trends, top 10 lists and industry information to help you create better sales and marketing strategy plans, know what markets to enter or avoid, and to guide a variety of business decisions. (Global Fashion Agenda 2017) 32. 2 United Nations Alliance on Sustainable Fashion reports the fashion industry employs over 75 million people worldwide. Ecommerce will make up 22% of global retail sales by 2023. Consumer Ecommerce Statistics. In April 2020, over 98% of Facebook's active user accounts worldwide accessed the social network via any kind of mobile phone. Models posted Instagram selfies in masks, fashion magazines asked their employees to work from home, and Giorgio Armani held his women’s Fall/Winter 2020/2021 fashion show in … 2019 will be a year that will reawaken the fashion industry. The fashion industry accounts for about 10% of global carbon emissions, and nearly 20% of wastewater. Ecommerce grow to reach almost a third of all UK retail sales in May and June 2020. Global $1,182.9 Billion Clothing and Apparel Market Analysis, Opportunities and Strategies to 2022 - ResearchAndMarkets.com October 25, 2019 06:19 AM Eastern Daylight Time Global Apparel Industry 2020‑2024 . And while the environmental impact of flying is now well known, fashion … The growing number of ecommerce websites is definitely a … An Ellen MacArthur Foundation report says that 20 percent of global industrial water pollution is from the fashion industry, but EcoTextile News shredded this … Additional statistics on international trade, production, retail markets and industry structure are available at request via Matthijs Crietee.This service is free for IAF members. The MarketWatch News Department was not involved in the creation of this content. In this post, we’ll draw on data from several of our recent reports, looking at social media, search, and survey data, to look ahead at consumer trends for 2020. 30. (Global Fashion Agenda 2017) 31. A new report offers the ten trends set to shape the industry during the course of the year. SaaS applications play a critical role, and they’re also part of the global economic disruption taking place before us. ... (IPCC) has calculated the fashion industry produces 10% of global carbon dioxide emissions every … The Global Consumer Survey Report 2019 suggests that investing in customer experience should be a priority to businesses. Here is a quick peak into the fashion industry trends for 2019: Thu, Oct 29th 2020. To give context to this growth, 14.1% of global retail sales were ecommerce purchases in 2019. In Pakistan’s garment sector, 87% of women are paid less than the minimum wage. The fashion industry is responsible for 10% of humanity's carbon emissions. Resale Growth & The Impact of Covid. There will be comebacks, self-disruption, end of ownership, and more. The good news for fashion is that the majority of these new consumers are within the 16 to 24 and 25 to 34 age groups. (Wyzowl, 2019) Instagram. Over 50% of workers within the fashion industry are not paid the minimum wage in countries like India and the Philippines. Global Apparel Manufacturing industry trends (2015-2020) poll Average industry growth 2015–2020: 3.4% Operators in the Toy and Craft Supplies Wholesaling industry have been experiencing a changing environment involving manufacturers becoming more active in selling directly to retailers. 22% of global retail sales will be thanks to ecommerce by 2023. 4% – The CAGR of global retail sales from 2013-2018 This page provides an overview of statistics about the global apparel industry and retail markets. Market Overview The global fashion accessories market is projected to grow at a CAGR of 12.3% during the forecast period (2020 - 2025). We estimate that revenues for the global fashion industry (apparel and footwear sectors) will contract by –27 to –30 percent in 2020 year-on-year, although the industry could regain positive growth of 2 to 4 percent in 2021 (compared with the 2019 baseline figure). As of April 2020, 35% of global Instagram audiences were between the ages of 25 and 34. (Statista, 2020) The biggest threats to established brands include the: ... Coronavirus hit to fashion industry is ‘concerning': British Fashion Council chair. Increasing product customization, innovation, affordable pricing of children apparel and footwear products are driving the market growth across the globe. Fashion consumers will also have more buying power, as the number of potential customers is projected to grow to more than 1.2 billion by 2020. 2. Read our blog posts about the newest fashion industry trends in 2020 and see the latest news, articles, fresh expert opinions, and insights into consumer behavior and direction of the fashion industry. The global childrenswear market is projected to register a CAGR of 8.76% during the forecast period 2020 -2025. Fashion companies across the globe will adjust according to changing trends in consumer styling. Tue, Sep 22nd 2020. The fashion industry is the 3rd most polluting industry in the world. ... 12.5% of global fashion companies have pledged to make changes to their process in favor of adopting more sustainable practices by 2020. Global Fashion Jewellery Market Report 2020 - Industry Analysis Size Share Trends Segment and Forecasts to 2025 (Based on 2020 COVID-19 Analysis) The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world’s Gross Domestic Product (GDP). Call for global fashion industry to "slow down" and reset 21 May 2020. 3642 reports; Apparel Sales, Apparel Export, Watch Sales, Apparel Import… 452 statistics; Market Size, Supply, Trade… 59 major textile, apparel, and retailers – … Dec 15, 2020 (CDN Newswire via Comtex) -- Global High End Kids Ski and Fashion Market 2020 … The British Fashion Council (BFC) and the Council of Fashion Designers of America (CFDA) have joined hands in a call to the global fashion industry to "slow down" and rethink the way in which it operates amid Covid-19. Global Fashion Agenda (GFA) is the leading forum for sustainability in fashion. Hopefully, these facts about the fast fashion industry that will inspire you to embrace the slow and sustainable fashion movement. The State of Fashion: 100+ Fashion Industry Statistics (2020) Market Size of the Global Textile and Apparel Industry: 2016 to 2021/2022; About FASH455; Timeline of Trade Policy in the Trump Administration (2017-2021) COVID-19 and the Fashion Apparel Industry (updated April 2020) State of the U.S. GFA is behind the largest business event on sustainability in fashion, the Copenhagen Fashion Summit, which has been leading the movement for over a decade. Tue 7 Apr 2020 11.00 EDT Last modified on Tue 7 Apr 2020 11.01 EDT. Global Presence. Fashion Industry Statistics. Total global retail sales is projected to reach $26.29 trillion in 2019 and $27.73 trillion by 2020. 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. The fashion industry is constantly changing. "Even as the … related to Apparel, Footwear, Manufacturing, Social & environmental responsibility, Sourcing, … Good thing our market research tools can keep up! 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