The "Apparel and Leather Products Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global apparel and leather products market as it emerges from the COVID-19 shut down.
The global apparel and leather products market is expected to grow from $818. 19 billion in 2020 to $971. 38 billion in 2021 at a compound annual growth rate (CAGR) of 18. 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1311. 66 billion in 2025 at a CAGR of 8%.
Christian Dior SE
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The growing awareness of the adverse effects of the textile industry on the environment is encouraging customers to opt for sustainable materials. Unlike natural materials, synthetic fibers take a long time to decompose as they are made from petroleum products. Biological materials like spider silk are light and have tensile strength that are used in making garments. Some companies also creating a decomposable synthetic version of spider silk. For example, Spiber Inc. , a Japanese biomaterials specialist, was the first to produce artificial spider silk . The company uses genetically modified E. coli to produce the silk proteins which are used to produce silk fibers. As consumers globally grow increasingly concerned regarding the environmental impact of their apparel purchases, the demand for sustainable materials is expected to increase. Consumers are also often more willing to pay a premium for products they deem to be environmentally friendly, thereby providing opportunities for higher profit margins at the point of sale and across the supply chain.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the apparel and leather products market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia.
Increasing demand for online shopping is expected to help the apparel and leather products market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the apparel and leather products market. in countries such as India, for instance, e-commerce portals have boosted the sales of traditional garments by giving larger exposure to producers who were confined to one geography where the weaving community was located.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Apparel and Leather Products Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Apparel and Leather Products Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Apparel and Leather Products Market Supply Chain
5.1. Supply Chain
5.3. End Customers
6. Apparel and Leather Products Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Apparel and Leather Products Market Trends and Strategies
8. Impact of COVID-19 on Apparel and Leather Products
9. Apparel and Leather Products Market Size and Growth
10. Apparel and Leather Products Market Regional Analysis
11. Apparel and Leather Products Market Segmentation
11.1. Global Apparel and Leather Products Market, Segmentation by Type
12. Apparel and Leather Products Market Segments
13. Apparel and Leather Products Market Metrics
For more information about this report visit https://www.researchandmarkets.com/r/khu714
View source version on businesswire.com: https://www.businesswire.com/news/home/20210126005691/en/
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