Fashion is an ever-evolving industry that plays a significant role in our daily lives. It has the power to influence the way we present ourselves to the world and the way we feel about ourselves.
From the latest trends to timeless classics, fashion offers endless possibilities for self-expression. As we delve deeper into the world of fashion, it’s important to take a closer look at some of the statistics that shape this industry.
In this blog post, we’ll explore 20 fascinating statistics that highlight the impact of fashion on our economy, environment, and society.
Whether you’re a fashion enthusiast, a business owner, or simply curious about the industry, this list is sure to provide valuable insights into the world of fashion.
- The global fashion industry is worth $2.5 trillion. (source: McKinsey & Company)
- The fashion industry is responsible for 10% of global carbon emissions and is the second-largest polluter in the world. (source: UN Environment Programme)
- The average American throws away 81 pounds of clothing each year. (source: Newsweek)
- Fast fashion brands produce 92 million tons of waste each year. (source: Fashion Revolution)
- Textile dyeing is the second-largest polluter of water globally, after agriculture. (source: WWF)
- The fashion industry employs over 75 million people worldwide. (source: Fashion United)
- More than half of consumers believe that sustainable fashion is important, but only 37% are willing to pay extra for it. (source: McKinsey & Company)
- The majority of garment workers worldwide earn less than $3 a day. (source: Clean Clothes Campaign)
- Fashion is responsible for 20% of global wastewater and 10% of global carbon emissions. (source: Business Insider)
- The average person in the United States buys 60% more clothing items than they did 15 years ago, but keeps them for half as long. (source: Vox)
- The global luxury goods market is expected to reach $374 billion by 2025. (source: Statista)
- The global activewear market is expected to reach $547 billion by 2024. (source: Grand View Research)
- Around 80% of clothing produced in Bangladesh is destined for export. (source: Clean Clothes Campaign)
- Synthetic fibers like polyester can take hundreds of years to decompose. (source: The Guardian)
- 75% of the world’s clothing is made from cotton, and the production of cotton requires large amounts of water and pesticides. (source: WWF)
- In the United States, the average person spends around $1,800 on clothing and accessories each year. (source: Bureau of Labor Statistics)
- China is the largest apparel market in the world, with sales of $254 billion in 2019. (source: Business of Fashion)
- The global denim market is expected to reach $79 billion by 2025. (source: Grand View Research)
- The global footwear market is expected to reach $530 billion by 2027. (source: ResearchAndMarkets.com)
- In the United States, e-commerce now accounts for 21% of all fashion sales. (source: McKinsey & Company)