Global market for sustainable fabrics to be worth $27.8 bn by 2029: BCC Research

Global market for sustainable fabrics will be worth $27.8 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1 per cent from 2024-29, says a new BCC Research study. This rise is due to various reasons like, increasing environmental concerns within the textile industry; growing popularity of organic and eco-friendly fashion; growing awareness about health risks associated with textile chemicals.

The sustainable fabric market is segmented based on material, application, and region. Apparel segment is expected to maintain its dominance through 2029. Asia-Pacific lead with 40 per cent global share, this is due to the large apparel and textile manufacturing hubs, like China, India, and Bangladesh, among others. A shift toward sustainable production practices is gaining traction across the Asia-Pacific, spurred by rising consumer demand for environmentally friendly products.

As sustainability becomes a priority in fashion, more manufacturers in the Asia-Pacific region are investing in greener practices, reflecting a broader global trend towards eco-conscious production. This shift is helping to reshape the industry, as consumers increasingly favor sustainable options in their clothing choices, pushing brands and manufacturers to adopt more responsible practices.

Overall, the growing focus on sustainability, health, and eco-friendly fashion is expected to drive significant growth in the global market for sustainable fabrics, making it a key area of interest for industry stakeholders in the years ahead.