GITNUX MARKETDATA REPORT 2024
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- Last Updated: May 27, 2024
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Statistic 1
"The average number of times a fast fashion garment is worn has decreased by 36% compared to 15 years ago."
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Statistic 2
"The fast fashion industry is expected to grow at a rate of 8.08% from 2021 to 2026."
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Statistic 3
"Fast fashion contributes to 92 million tons of waste per year."
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Statistic 4
"A typical fast fashion retailer releases new collections as often as every week."
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Statistic 5
"It takes about 2,700 liters of water to produce one cotton shirt."
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Statistic 6
"80 billion new pieces of clothing are consumed every year, largely driven by the fast fashion industry."
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Statistic 7
"Consumer return rates for online fast fashion purchases can be as high as 40%."
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Statistic 8
"The fashion industry is the second-largest consumer of water worldwide."
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Statistic 9
"Nearly one in six people work in the global fashion industry."
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Statistic 10
"20% of global wastewater comes from textile dyeing and treatment in the fast fashion industry."
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Statistic 11
"Major fast fashion brands can take garments from design to store in as little as two weeks."
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Statistic 12
"Fast fashion relies heavily on low-cost labor, including child labor, in developing countries."
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Statistic 13
"60% of millennials prefer to buy cheap, trendy clothing."
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Statistic 14
"The fast fashion industry employs about 75 million people worldwide."
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Statistic 15
"People bought 60% more garments in 2014 compared to 2000, but kept each item only half as long."
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Statistic 16
"Approximately 85% of textiles go to the dump each year."
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Statistic 17
"Fast fashion is often criticized for creating "disposable" clothing."
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Statistic 18
"Fast fashion brands were responsible for about 10% of global carbon emissions in 2020."
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Statistic 19
"The fast fashion industry produces 150 billion garments each year."
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Statistic 20
"The global fast fashion market was valued at $35.8 billion in 2019."
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