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In 2021, the global fashion influencer market was valued at 7.36 billion dollars and is expected to steadily grow at a CAGR of 32.5% from 2022 to 2029. [18] Since their content is mainly centered around fashion, they are constantly cycling through and showing new garments to create updated "looks" for their followers.
The fashion industry, particularly manufacture and use of apparel and footwear, is a significant driver of greenhouse gas emissions and plastic pollution. [1] The rapid growth of fast fashion has led to around 80 billion items of clothing being consumed annually, with about 85% of clothes consumed in United States being sent to landfill.
The fashion industry accounts for 10% of annual global carbon emissions, according to statistics from a March 2023 report by the United Nations Environment Programme (UNEP).
The growth of fast fashion fueled environmental issues. Fast fashion's meteoric rise is apparent in retail giants like Shein and Uniqlo, which both saw more than 20% revenue growth between 2022 ...
The demand for fast fashion poses a challenge for vintage fashion and sustainable fashion in general. Fast fashion aims to give consumers access to the latest fashion trends quickly at affordable prices. The global fast fashion market is rapidly growing, with the market size expected to increase from $106.42 billion in 2022 to $122.98 billion ...
Fast fashion has been at the forefront of this change, despite being a main driver of consumerism and waste: Take ultra-fast-fashion brand Boohoo, which this year alone introduced 18,000 new items ...
Fast fashion is also negatively impacting small or independent businesses throughout the world, as lower prices steer consumers away from better-quality, non-mass-produced items found in non-fast ...
A circular textile economy is in response to the current linear model of the fashion industry, "in which raw materials are extracted, manufactured into commercial goods, and then bought, used, and eventually discarded by consumers" (Business of Fashion, 2017). [144] 'Fast fashion' companies have fueled the high rates of consumption which ...