My Cart

Close
ethical dress

Ethical Fashion Market Reaches USD 8.25 Billion in 2023


The global ethical fashion market is expected to reach USD 8.25 Billion by 2023 at a compound annual growth rate (CAGR) of 10.33%, according to the recent report from The Business Research Company.

The Business Research Company is a market research and intelligence company with over 200 research professionals at its offices in India, the United Kingdom, and the United States. It has specialist consultants and trained researchers working in a wide range of industries including fashion.

The revenues generated in the global ethical fashion market include design, production, retail, and ethical fashion apparel sales. Major ethical fashion brands in the market are Pact, Tentree, Everlane, and Eileen Fisher.

Ethical fashion is becoming increasingly popular globally. The green movement is booming, especially in the textile and apparel industry. Conscious consumers are asking for more transparency, accountability, and sustainability.


Read up my article on what is sustainable and ethical fashion to learn why it matters today.

 

ethical fashion



Ethical fashion is the movement behind the new way of producing and consuming clothing that cares for people involved in supply chains and communities.

It aims to reduce the social and environmental impact of fashion and to solve issues present in the fashion industry that affects people, animals, and the environment.

Fashion is one of the most polluting industries in the world. It produces enormous quantities of wastes, pollution, and greenhouse gas. It's also responsible for low wages, poor working conditions, lack of healthcare, forced labor, child labor, and animal cruelty.

 

fashion social pin



The growing awareness of the disastrous effects of the textile and apparel industry lead consumers towards more ethical fashion.

The global ethical fashion market was in trouble in 2020 due to the economic slowdown following the COVID-19 crisis and subsequent lockdown.

Now that fashion stores are slowly opening up again across many countries, North America is expected to be the fastest-growing region in from 2020 to 2030.

The report titled Ethical Fashion Global Market Report 2020: COVID-19 Growth and Change provides critical information on the global ethical fashion market.

Ethical fashion is experiencing strong growth and will play a major role in shaping and changing our lives over the next ten years and beyond.

 

About the Author: Alex Assoune

Alex Assoune Alex Assoune (MS) is a global health and environmental advocate. He founded Panaprium to inspire others with conscious living, ethical, and sustainable fashion. Alex has worked in many countries to address social and environmental issues. He speaks four languages and holds two Master of Science degrees in Engineering from SIGMA and IFPEN schools.


Share


More, More, More


Related Articles

ethical fashion podcast

Ethical Fashion Podcast by the Ethical Fashion Initiative

The Ethical Fashion Initiative (EFI) is launching a brand new podcast on sustainability in the fashion industry. Called “Ethical Fashion”, it aims to demonstrate how fashion can be a force... Read More

How Long Does Rayon Take to Biodegrade

Rayon is one of the most common fabrics used in the fashion world, alongside cotton and polyester. It's a semi-synthetic fabric or man-made cellulosic fiber. There are many different types... Read More
rayon pollution waste landfill
hong kong

Redress Gets New Headquarters in Hong Kong

Environmental NGO Redress working to reduce waste in the fashion industry just moved into a new headquarter in Sham Shui Po, Hong Kong. Sham Shui Po is an area of... Read More

How to Tell if Clothes Are Cheaply Made or High-Quality

The rise of fast fashion over the last 20 years made us consumers consider clothing as disposable commodities. The overproduction and overconsumption of cheaply made clothes create massive amounts of... Read More
cheap clothes
new york

NYFW Fashinnovation Talks About Sustainable Fashion

The 5th edition of NYFW Fashinnovation Talks will take place 100% online on September 10th, 2020. The event showcases industry leaders from all around the world discussing sustainable fashion. Fashion... Read More

Sustainable Fashion Helps Against Racism

Fighting for more sustainability in the fashion industry also contributes to overcoming racism. Sustainable fashion also includes social sustainability, the concept behind social equality, responsibility, and justice. Fashion brands and... Read More
fashion white top
sustainable fashion

Fashion Cannot Survive Without Sustainability Post-COVID-19

Due to the coronavirus pandemic and subsequent lockdowns, the global fashion industry is sinking. Sustainability is now more important than ever for fashion to stay relevant after the COVID-19 crisis.... Read More

10 Essential Questions to Ask About Sustainable Fashion

Before buying any new clothing, ask the following questions to make sure it's sustainable fashion. If you cannot find an answer yourself, ask the fashion brand or retailer you plan... Read More
sustainable clothes
hemp plants

Pros And Cons of Hemp for Fashion

Hemp is one of the most environmentally friendly fibers in the world. It's a great material to create comfortable textiles and beautiful fashion. It has amazing qualities but also a... Read More

Sustainable Fashion Matterz Platform Makes a Difference

Meet online platform Sustainable Fashion Matterz making a difference in the global textile and apparel industry. Sustainability is one of the most important issues of our time, especially in the fashion industry.... Read More
climate demonstration

0 comments

Leave a comment

All blog comments are checked prior to publishing