Women's Blazer Market boosting the growth Worldwide

Women's Blazer Industry Overview

The global women’s blazer market size was valued at USD 62.46 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2028.

The growth of the market is significantly attributed to the evolving fashion trend and adoption of western fashion styles by consumers in the Asia Pacific. The increasing number of working women is expected to facilitate the demand for women’s blazers in the apparel industry. According to the Bureau of Labor Statistics data, in the U.S. women employees held 50.4% of American jobs in 2020 which was 49.7% in 2019. Increasing consumer spending capacity, disposable income, and expansion of the retail sector is expected to drive the growth of the market in the forecast period. Additionally, research and development and innovative product launches carried out by the key players is likely to facilitate consumer spending and boost the market growth.

Gather more insights about the market drivers, restrains and growth of the Global Women's Blazer Market

The product is manufactured from various types of fibers such as cotton, polyester, cellulosic nylon, wool, acrylic, and velvet. The product transforms an individual’s look to modern business from traditional. Fast fashion is also expected to affect the global market. Fast fashion is a business model through which designer clothes are made available at a local store. The quality and price are reduced and products are manufactured in a massive amount. This is resulting in increased consumer spending and boosts sales in the global market.

Additionally, manufacturers are focusing on expanding the brand awareness of their products by considering end-users expectations. Manufacturers also trying to increase their customer base by offering discounts and offers. Launching online platforms by key retailers and manufacturers is also expected to increase consumer accessibility and drive market growth.

The sustainable and eco-friendly trend is rising in the global apparel market. Environmental concerns and increasing pollution due to the manufacturing process as well as waste production is one of the drawbacks of the market growth. Increasing awareness about the grave impact on the environment is expected to restrain the market growth. According to the United Nations, the global clothing and footwear industry produces 8% of the world’s greenhouse gas emissions. Recycling and the upcycling trend is gaining momentum in the world affecting the conventional market.

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Key Companies Profile

Some of the prominent players in the global women’s blazer market include: