The global secondhand fashion market is expanding at three times the rate of the primary market, with resale expected to reach $360 billion by 2030, according to a new report by Boston Consulting Group and Vestiaire Collective. Titled “Resale’s Next Chapter,” the study surveyed 7,800 users and found pre-loved items account for 28% of their wardrobes. Gen Z leads resale adoption, with secondhand representing 32% of their wardrobes globally and as high as 66% for handbags in the U.S. Affordability remains the top purchase driver, cited by nearly 80% of respondents. Digital product passports are emerging as a key trust tool, valued by 70% of buyers for authentication.