Trends favor secondhand apparel, the global secondhand apparel market is growing at 14 per cent a year.

Easy availability and low cost, changing lifestyles and fashion tastes, and rapid penetration of online shopping platforms offering a wide range of secondhand apparel are some of the key factors driving demand. While living conditions have improved, and access to services has increased, global competition has resulted in the introduction of a variety of new product innovations such as the recycling of discarded clothing and selling it.

Shifting consumer behaviour, replacing rapid fashion purchases with resale, is one of the key factors driving demand for secondhand clothes.Consumers are switching to thrift to reduce harmful production as a result of growing awareness about ethics and sustainability.

The dresses and tops segment is showing significant growth. The women’s segment is expected to hold a share of around 46 per cent in the secondhand apparel market.The US holds a share of around 86 per cent in the North American secondhand apparel market.

Secondhand apparel market players are formulating strategies and are focusing on expansion of their business by introducing new brands and widening their inventory portfolio. They are also focusing on eco-friendly ways of carrying on business by introducing eco- friendly secondhand apparel.