Apparel’s US$ 2.3 Trillion Horizon

Industry news

Apparel’s US$ 2.3 Trillion Horizon

The global apparel market is on track to hit US$ 1.91 trillion in 2025, with projections of US$ 2.3 trillion by 2030. Growth is uneven, and opportunity favours the bold.

Key takeaways:

India leads the growth story among major economies, with an 8–9% CAGR through 2030, reaching US$ 115 billion by 2025 and US$ 175 billion by 2030. Vertical integration, domestic capabilities, and competitive labour costs are driving this surge.
China and RoW markets remain massive: China at US$ 200 billion in 2025, RoW at US$ 736 billion. But growth is more stable than explosive.
Mature markets (EU-27, US, Japan) are sluggish. The EU grows just 1% CAGR to 2030; the US ticks along at 3%, signalling saturated demand.
Emerging players matter: Brazil (US$ 51 billion), Canada (US$ 28 billion), and India are catching up fast, forcing global buyers to rethink sourcing strategies.

What this means for mills and exporters:

Focus on high-growth markets - India, Southeast Asia, Africa - while avoiding overreliance on mature, saturated markets.
Speed, quality, and compliance are no longer differentiators - they are table stakes.
Vertical integration and digital readiness will decide who captures the next decade’s volume growth.

Bottom line: Global apparel is growing, but only those who align with market realities, scale efficiently, and execute flawlessly will win.