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Title: Sustainable Fashion Market to Explode from US$ 7.7 Billion in 2023 in 2023 to US$ 39.7 Billion by 2031: A Revolution in Ethical Style

India, 2nd Aug 2024 - The global sustainable fashion market was valued at USD 7.7 billion in 2023 and is projected to grow to USD 39.7 billion by 2031, reflecting a compound annual growth rate (CAGR) of 23.0% from 2024 to 2031.Sustainable fashion refers to a movement within the fashion industry aimed at creating and promoting clothing and accessories in an environmentally and ethically responsible manner. It focuses on minimizing the negative environmental impact by using eco-friendly materials, such as organic cotton, recycled fabrics, and low-impact dyes, and adopting practices that reduce waste, energy consumption, and pollution. Additionally, sustainable fashion emphasizes fair labor practices, ensuring that workers are paid fair wages and work under safe conditions. This approach seeks to balance aesthetics and functionality with environmental stewardship and social responsibility principles, ultimately promoting a more sustainable and ethical approach to fashion production and consumption.For More Insights Request a Free Sample: https://www.datamintelligence.com/research-report/sustainable-fashion-marketKey Industry Insights & Findings from the Report:Based on the fashion segment, the sustainable apparel segment accounted for the highest revenue share in 2023. This is attributed to its increasing adoption across various sectors, including casual wear, activewear, and luxury fashion, due to rising consumer awareness and preference for eco-friendly products.Based on components, the fabric segment is expected to grow at the highest CAGR of 24% from 2024 to 2031, driven by the growing demand for sustainable materials and innovative textile solutions in the fashion industry.Asia Pacific is anticipated to register the fastest CAGR over the forecast period due to sig...

This press release is issued by King Newswire