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Global Denim Fabric market is expected to reach USD 24.89 billion by 2023

Author: QYResearch | Publish date: 2018-04-23 | Views: 59
The global consumption of denim fabric increases from 5.49 billion meters in 2012 to 6.61 billion metres in 2016, at a CAGR of more than 4.77%. In 2016, the global denim fabric market is led by China, India, Europe and North America. At present, the major manufacturers of denim fabric are concentrated in China and India.

Publisher: QYResearch

Published Date: 2018-04-23

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The global Denim Fabric market is valued at USD 18.44 billion in 2016 and is expected to reach USD 24.89 billion 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 6.61 Billion Meters in 2016, and is predicted to reach 9.13 Billion 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.


The Global Denim Fabric Sales Market Report 2017 report released by QYResearch provides a basic overview of the Denim Fabric industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

 

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Denim Fabric industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.


Click to view the full report:http://www.qyresearchglobal.com/goods-1216034.html
QYResearchglobal focus on market survey and report 
Media contact: press@qyresearch.com

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