This element is projected to have a significant impact on the growth of the global secondhand clothes industry in the coming years.
Furthermore, the demand for formal attire among women worldwide is increasing rapidly as a result of the significant expansion in the working women’s labor efforts. As a result, they choose to buy used apparel, which is projected to lessen the need for rapid fashion. However, not everyone can afford to buy high-end goods from a retail store. Trends in the fashion business change often these days, and celebrities and influencers encourage others to dress in contemporary apparel. It is expected to reach above USD 27.5 billion by 2029 from USD 8.6 Billion in 2020.
The global second-hand clothing market size is expected to grow at 12.4% CAGR from 2020 to 2029.
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