The Sleepwear And Loungewear Market is being driven by Increased demand for designer and premium sleepwear and loungewear
The Sleepwear And Loungewear Market is expected to grow at a CAGR of 10.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 36464.3 million. The sleepwear and loungewear industry relies heavily on high-quality materials, such as cotton, stretch yarn, synthetic fibers, and wood pulp for manufacturing. This process necessitates substantial usage of chemicals, including color dyes, leading to significant industrial waste. The majority of this waste, particularly chemical by-products, is often disposed of in landfills or remains unprocessed at dump yards. Moreover, the extraction of wood pulp for fabric production contributes to deforestation and ecological imbalance. To mitigate these environmental concerns, industry players are actively engaging in sustainable practices and collaborating with eco-conscious fashion associations to implement eco-friendly manufacturing processes.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
196 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.4% |
Market growth 2025-2029 |
USD 36464.3 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
10.3 |
Key countries |
US, China, Germany, India, Canada, France, Mexico, UK, Italy, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Sleepwear and Loungewear market encompasses a range of creative designs catering to diverse consumer demographics. Tank tops, loungewear, and various fabrics including cotton, polyester, silk, and flannel are popular choices. Dormitories, sleepovers, spa retreats, and other settings call for durable, comfortable sleepwear that prioritizes quality and skin comfort. Limited-edition collections, pricing parameters, consumer patterns, and opinion leaders influence market trends, with comfort, sleep quality, and mood improvement being key factors.
The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods, excluding footwear manufacturers. This market's size is determined by the consolidated revenues of textiles, apparel, accessories, and luxury goods manufacturers and marketers. Key growth drivers include the expanding working women population, leading to increased disposable income and consumer spending on these product categories. Creative designs, consumer demographics, material innovations, and e-commerce platforms are essential factors shaping the dynamic sleepwear and loungewear market segment within this parent industry.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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