Global Denim Fabric Market To Grow To $27.9 Bn By 2030

The global denim fabric market, valued at $18.1 billion in 2020, is projected to grow to $27.9 billion by 2030, registering a compound annual growth rate (CAGR) of 4.4%, according to a report by Allied Market Research. The Asia-Pacific region dominated the market in 2020, accounting for nearly 80% of global revenue. APAC is expected to maintain its leadership, with the fastest CAGR of 4.6% during the forecast period, driven by strong demand and a well-established manufacturing base.

Affordable pricing and evolving socio-economic trends continue to drive the market, with innovations like biodegradable denim fabric expected to create new growth opportunities. However, challenges such as fluctuating cotton prices and environmental concerns related to synthetic dyes remain critical hurdles for the industry.

Cotton remains the dominant raw material, holding a 92% market share in 2020 and projected to grow at a CAGR of 4.5% through 2030. Among fabric types, raw denim led the market in 2020, contributing nearly one-third of the revenue, while stretch denim is anticipated to grow at the highest CAGR of 5.2%.

Prominent players, including Advance Denim Co., Ltd., Arvind Ltd, CONE Denim LLC, Modern Denim Ltd., and Raymond UCO Denim Pvt. Ltd., are focusing on sustainability and innovation to stay competitive. The report highlights how these trends are shaping the global denim fabric market’s trajectory as it expands toward a sustainable future.