The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing demand for online shopping are expected to drive innovation in apparel and leather products manufacturing, thus driving the market during the forecast period.

The global apparel and leather products market is expected to grow from $967.2 billion in 2022 to $1044.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The apparel and leather products market is expected to grow to $1385.65 billion in 2027 at a CAGR of 7.3%.

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Global Apparel And Leather Products Market Segments Include:

• By Type: Leather And Allied Products, Apparel
• By Distribution Channel: Online Sales, Offline Sales
• By End User Sex: Men, Women, Kids
• Subsegments Covered: Leather Footwear, Non-Leather Footwear, Leather Luggage, Hand Bags And Other Goods, Non-Leather Luggage, Hand Bags And Other Goods, Leather Tanning, Womens Wear, Mens Wear, Kids Wear
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global apparel and leather products market in 2021.

Major Market Players in the apparel and leather products market include Nike Inc., Christian Dior SE, Adidas AG, Kering SA, VF Corp, Hanesbrands Inc., Puma SE, Tapestry Inc., Skechers U.S.A. Inc. and Levi Strauss & Co.

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 Apparel And Leather Products Global Market Report 2023 provides a apparel and leather products market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The apparel and leather products market forecast analyzes apparel and leather products market size, apparel and leather products market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Apparel and leather products refer to all products, including accessories, of which any component is a textile made by weaving, knitting, or felting; whereas leather products are a robust, elastic, and resilient material made from animal hides and skins that have been chemically treated to prevent deterioration.

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