The world population is expected to exceed 8.5 billion people and global garment production to increase by 63% by 2030.
Notes:
Methodology: "the consumption of apparel and footwear in 2015 and 2030 in millions of tons is estimated. The approximation builds on a BCG triangulation of bottom-up and top-down analyses. The bottom-up methodology is based on projected consumption of apparel and footwear per capita split by advanced and developing economies. The projections are subsequently scaled by population projections. The top-down methodology is based on a BCG triangulation of growth forecasts of retail volume in number of items and estimates of the number of items per kg of apparel and footwear. The result of triangulation across sources and methodologies is consumption of 62 million tons in 2015 and102 million tons in 2030, corresponding to total growth of 63% and a CAGR of 3%.