THE FASHION INDUSTRY IS GETTING RESHAPED ALL THANKS TO SECONDHAND CLOTHING SALES
The U.S. secondhand clothing sales is anticipated to more than triple its worth within the next ten years.
The secondhand clothing market in the US was worth $28 billion USD in 2019 and it’s expected to grow its worth to US$80 billion by 2029 . Secondhand clothing sales will alter the fast-fashion industry’s importance in the fashion world.
Whereas fast fashion is anticipated to proceed to develop 20% within the following 10 years, secondhand clothing sales is expected to develop 185%.
THE ENVIRONMENTAL ASPECT OF SECONDHAND CLOTHING SALES
Less than 1% of materials utilized to manufacture clothing are as of now reused to manufacture modern clothing, a $500 billion yearly misfortune for the design industry.
The textile industry produces more carbon release than the carrier and oceanic businesses combined. And around 20% of water contamination over the globe is the result of wastewater from the generation and wrapping up of textiles.
Consumers are now more mindful of the environmental affect of clothing manufacturing and are requesting clothing businesses grow their commitment to sustainable clothing manufacturing. Buying used clothing gives shoppers the opportunity to fight against the fast-fashion industry. Buying used clothing increments the number of proprietors a piece of clothing will have, at the same time extending the life of the piece of clothing. Fast fashion works the opposite way.
THE ECONOMICAL ASPECT OF THE USED CLOTHING MARKET FOR THE CONSUMER
It is no news that when purchasing a used piece of clothing or shoes the consumer will be saving at least 30% of its original new-item price. Used items are more affordable across all price ranges, whether the consumer is interested in an every day piece of clothing, or a luxury item, even designer label items; all will be more affordable if purchased used. This is what makes the used clothing market a “for everyone” kind of deal; from the lower-class family that can now afford to purchase clothing at the thrift store for all their family members, to the upper-class family that can still save money by purchasing designer label items, if they desire; at a discount price.