According to a report from Coherent Market Insights released on Monday, the global sustainable fashion market was valued at $7.8 billion in 2023 and is currently in a phase of rapid expansion. As consumer concern for clothing sustainability continues to grow, there is a significant increase in demand within the industry for eco-friendly materials such as recycled fabrics. It is projected that by 2030, the market’s value will soar to $33.05 billion. During the period from 2023 to 2030, the global sustainable fashion market is expected to achieve a compound annual growth rate of 22.9%.