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fast fashion industry statistics

The production process is incredibly dirty to begin with, as factories indiscriminately dump poisonous wastewater into rivers and pump out millions of tons of greenhouse gases, only to make clothing that ends up in landfills, oceans or burned into our atmosphere. An Analysis of the Fast Fashion Industry @inproceedings{Linden2016AnAO, title={An Analysis of the Fast Fashion Industry}, author={A. Linden}, year={2016} } Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 … The growth of the fashion industry is undeniable. Although the fashion industry as a whole is guilty of committing many crimes against people and the environment, it is most evident when it comes to fast fashion. Cumulative data compiled within The Fashion and Apparel Industry Report paints a bright portrait with worldwide revenue expected to rise from $481.2 billion in 2018 to $712.9 billion by 2022: Data via Statista and accessible in The Fashion and Apparel Industry Report When compared to the luxury market, which saw mediocre growth in 2016, it’s clear that fast fashion retailers are growing in favour. Fast fashion is known for being cheap, trendy, and is commonly sold in stores online. Fast fashion industry is a term used to describe an industry that produces readily available and cheaply made fashion wears that are abundant in today’s fashion market. Americans carry over $800 billion in credit card debt.Yet with retailers like Zara and H&M offering a constant stream of new designs, Americans are still buying a lot of clothing and it’s not taking up much of Americans’ average budget. Some larger brands associated with fast fashion include H&M, Zara, and Forever 21. But the truth is that it is a thirsty little plant that drinks up more of its fair share of water. The huge toll of 'fast fashion' on the planet – and why the answer could be circular A lorry-load of used clothing is incinerated or buried in landfill every single second. But unless you're a young woman who takes style cues from social media, many of the more successful online retailers in this space might be foreign to you. The fashion industry is also the second-largest consumer of water worldwide. ” Researchers further broke people in the fashion industry into two groups: The “insiders” and “outsiders.” Despite starting off as an outsider, and as a means to make the middle-class fashionable, fast fashion has turned from a fringe enterprise into leaders of the fashion industry. In fact, in 4 years, 36% of total fashion retail sales are expected to occur online, up from 27% this year, according to a recent forecast [report page] from… Read More » 25 Shocking Fashion Industry Statistics By. Here's why the fashion industry – the second biggest polluter after petroleum – must change. ... the statistics surrounding the textile and fashion industry are nothing short of staggering. “Fast fashion” has taken the clothing industry by storm. The UK's monthly fast fashion habits produce the same emissions as flying a plane around the world 900 times, new research reveals. The report claims that “these statistics are simply not enough. 1. Sustainability is a tough one for the fashion industry A Thirsty, Needy Plant. Slow fashion is a movement towards mindful manufacturing, fair labor rights, natural materials, and lasting garments. It has a clean, wholesome image long cultivated by the garment industry. The pressure to reduce costs and speed up production time means that environmental corners are more likely to be cut. According to an April 2016 Oxfam report, more than 60 million people work in the garment industry to fuel fast fashion: more than 15 million of those are based in Asia and more than 80% are women, often young and from poor rural backgrounds. Ecommerce Fashion Industry: Statistics 1. According to new research, the industry has grown 21% over the past three years. The global online fashion market is predicted to reach $765 billion by the year 2022, a projected increase of $281 billion, or 58%, from this year. Fast fashion—design trends quickly and cheaply translated for the masses—has had a strong year so far. Parliament’s cross-party Environmental Audit Committee (EAC) launched an enquiry into the sustainability of the fashion industry this summer, with the intention to look into how the industry can remodel itself to “be both thriving and sustainable” (Cole, 2018). 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