Second-hand clothing is that the latest trend, and it’s getting to overtake fast fashion in the next few years. Fast fashion is that the speed-to-market business model causing the fashion waste crisis while secondhand is here to beat the crisis caused by fashion waste. As saying goes, “Your ashcan become someone’s treasure” – Secondhand clothing is all about treasure.
By 2029, it’s expected to succeed in $51 In. People across the planet are taking over secondhand clothing. The current rate of growth for adopting used goods is 37% and 46% respectively over the last 2 years.
The secondhand clothing business is booming because the market uniquely meets the consumers’ preferences for value, variety, and sustainability. Below listed are the explanations which will surely cause you to embrace secondhand hand clothing.
1) Pay less for more
Obviously, used clothes are cheaper than the new ones. Expensive clothes are no more expensive! You will find expensive brands falling into your budget. While shopping, we’d like to vote for what’s right with our pocket. The second-hand clothing market understands your pocket well and offers you the simplest.
Research from ThredUP’s has found that shoppers from all price indexes are buying secondhand clothes. At the luxury retail end, 26% of shoppers buy used goods. In the mid-market, it stands at 25% and 22% depending on discounts. The secondhand market has provided an awesome budget to shoppers.
2) Dress for the planet
Fashion is that the 2nd largest polluting industry within the world. Fabrics aren’t biodegradable, and industry’s raw materials consume a vast amount of resources and leave behind huge levels of pollution and emissions- around 20% of the world’s wastewater and 10% of carbon emission comes from the fashion industry, reported by UN ECE. What happens to our used clothes? 64% of what we buy finishes up in landfills. Buying used goods rather than new ones extend the cloth’s life and reduce the garment’s carbon footprint by 82%. The Secondhand market is reducing pressure on virgin resources used for creating new clothes and therefore the number of problems caused by their manufacture and usage. To attain sustainability, we should always be conscious about 5Rs – Reduce, Reuse, Recycle, Reinvent, and Repair. If we all can purchase only one used cloth rather than new, we will really make an enormous collective positive impact on our planet.
3) Personalize your style
Secondhand clothing has personalized the style for everyone. Now you don’t actually need to go to big shops to select the fashionable style that everybody else is picking. The secondhand market features a huge sort of vintage fashion. Grab your style. Be more specific. Be more creative. Be classier.
When you buy used goods, your style is more personal, and your fashion becomes timeless. Uniqueness and elegance are more important for the consumer who buys second-hand clothing. Millennials are embracing the trend with 33% of shoppers buying used clothes. Gen X is a long way behind at 20% while Gen Z, the new kids on the block, is at 16%. Young shoppers are embracing vintage fashion. These Generations are constantly bombarded with trendy, cheap, and fashionable styles.
However, Millennials and Gen Z are expected to drive the secondhand clothing market. Secondhand shopping brings vintage style back into trends and allows you to experiment with new unique fashion.
3 Fight on Fashion
Fashion is cyclical. By embracing secondhand clothing, you’ll break down the stigma of second-hand clothing. We all got to fight on fashion to measure a healthy and wealthy life. Inspire others to hitch the fight on fashion by embracing used goods.
Visit our webinar on “Second- Hand Clothing Is Transforming Retail to achieve Sustainability” to urge more insights.
Stat Source: TexPro – A Market Intelligence tool designed to empower the textile and apparel industry with high-quality Information.
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