PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1172552
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1172552
Global bamboo apparel market is flourishing because of the growing awareness among the consumers about the benefits of environment-friendly products, including bamboo apparels, and a favorable fashion trend towards sustainable products made from renewable sources.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimates the global bamboo apparel market size at USD 1.96 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global bamboo apparel market size to grow at a steady CAGR of 7.7% reaching a value of USD 3.24 billion by 2029. Major factors for the expansion of global bamboo apparel market include a growing awareness among the consumers about environment-friendly products, including bamboo apparels, and their benefits and a favorable trend towards sustainable products made from renewable sources. However, disruptions in global supply chains caused by the impact of COVID-19 pandemic are anticipated to limit the growth of global bamboo apparel market during the period in analysis.
Bamboo is a wood or grass majorly found and grown in tropical and temperate regions, majorly in East Asian countries. Bamboo has hollow stems. Natural cellulosic polymer extracted from bamboo is a semi-synthetic textile, called bamboo fabric. Bamboo fabric is used for various applications, such as clothing fabrics. Bamboo fabric or bamboo rayon has various favorable characteristics, as it is soft, comfortable, lightweight, breathable, and moisture absorbent. Moreover, the cost of bamboo fabric is significantly low. Apparel producers use bamboo fiber for various types of products, including t-shirts, undergarments, bathrobes, towels, socks, and other apparels, such as bed sheets and mattresses.
The global fashion market for natural or plant fiber products is expanding primarily, because of rising environmental concerns and the consequent rise in the demand for plant-based materials. Natural fibers extracted from the extracts of cotton, bamboo, hemp, and other plants. When compared to products made from synthetic fibers, the use of these plant fibers can reduce carbon footprint considerably. Fibers from bamboo cost significantly low when compared with that of cotton. Bamboo fibers have various advantages, including high breathable quality, moisture-wicking and heat retention abilities, and stretchability. Pure bamboo fabric made in the mechanical process is up to 100% recyclable. All these favorable factors are expected to fuel the expansion of global bamboo apparel market. Another factor driving market growth is the expanding use of bamboo fiber in the global textile and fashion industries. Bamboo rayon, bamboo yarn, retting, and bamboo linen are being used to manufacture apparels and other clothing, and household textiles.
COVID-19 had a detrimental effect on global bamboo apparel market, due to lockdowns in several countries as well as the closure of several manufacturing firms. Among those majorly affected were the textile and apparel industries. Industrial usage decreased, with the exception of industries that offer crucial services, as a direct effect of the closure of production unit. The global closure of manufacturing facilities during the early stages of the pandemic hurt the bamboo apparel market. Small and medium-sized enterprises (SMEs) recorded a sharp decline in their operations and the growth in revenues and profit due to the pandemic. The restricted movement of people and goods because of the lockdown measures put in place during the early stages of the pandemic's spread also had a negative impact on the global bamboo apparel market. However, during the post COVID-19 pandemic period, the global market for bamboo apparel is expected to grow at a significant growth rate as bamboo apparels provide significant benefits to the consumers.
Global bamboo apparel market by consumer orientation is segmented into men, women, and kids. The men segment leads the global bamboo apparel market by orientation, due to the large online presence of males across the countries. However, the women segment is expected to grow at the highest CAGR during the forecast period, due to females' increasing presence in the workforce and online.
Geographically, global bamboo apparel market covers five major regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa. APAC dominates the global bamboo apparel market in 2022 and is expected to maintain its leadership position in the market during the forecast period. Bamboo holds a significant place in the Chinese culture and China is home to many large producers and exporters of bamboo fabric and apparels. Other major countries in bamboo apparel market, such as India, is also part of APAC. Meanwhile, the regional market in North America is expected to grow at the fastest rate, due to an increasing demand for bamboo apparels from the US.
Major players operating in global bamboo apparel market include: China Bambro Textile Co, Ltd., Bamboo Textile Co., Advantage Fibres, Wild Fibres, China Thrive Industrial Co., Towel Industrial Co. Ltd., Xiamen Ebei import & Export Co. Ltd., Boody Bamboo Clothing, Cozy Earth, Cariloha, Inc., BLUE BUNGALOW, Free Fly Apparel, Ettitude Holdings, Inc., and Thought Clothing. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Bamboo Apparel Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Bamboo Apparel Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.