The global denim market is growing at six per cent a year.
Major factors that are expected to boost the growth of the denim market are the rise in the urbanization and the increasing trend of denim shirts. The growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market. The rise in consumer income levels is escalating the growth of the denim market.
In addition, the easy accessibility of raw materials and the growing advances in denim wear will further provide potential opportunities for the growth of the denim market in the coming years. Increasing demand for better user experience and the rising popularity of offerings such as video conferencing and high-quality video streaming are also further contributing to the growth of the target market.