LONDON--(BUSINESS WIRE)--The global denim market has always been one of the largest segments in the global textile and apparel industry, not only because jeans are the most common fashion item in almost everyone’s wardrobe, but also due to the fact that denim as a fashion trend has been a mainstay for several decades. Details about the global denim market and how Japanese vintage-inspired jeans are retaining their popularity are some of this week’s featured stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to connect with over seven million companies around the globe.
Global denim market still holds a large market share
The global denim and jeans market is worth about USD 60 billion and the denim industry is expected to grow at a CAGR of over 6.5% during the years 2015 to 2020, according to a report from Technavio. While US denim imports declined, Asia is expected to be the fastest growing market for denim jeans, with China being the fastest growing country in the region. The premium denim jeans market in Asia is expected to grow at a CAGR of 12.23% by 2020.
For future development, the global denim market has put more environment concerns in its agenda. Indian designers have developed eco-friendly denim that is manufactured using 100% organic cotton without using bleach. Levi’s has also introduced a line of denim jeans made of post-consumer waste such as recycled plastic bottles and food trays.
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Japanese vintage-inspired jeans are leading the fashion trend
Jeans were initially brought to Japan by US military outposts in the 1950s, since then people in Japan have developed a strong love of denim, and that love has led to decades of craftsmanship and dedication for producing some of the best quality and most stylish denims in the global market.
Nowadays, vintage denim is becoming trendy again among Japanese denim enthusiasts, who now own about 70% of US vintage denim. Levis are a particular favourite. These vintage jeans are so popular that pairs from the 1940s can sell for more than USD 3,000 in the country. Particularly rare Levi’s have been known to go for USD 40,000.
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