After topping $4.5 billion in 2023, the demand for dye sublimated apparel is forecast to rise at a 12.40 percent compound annual growth rate (CAGR) over the course of the next decade, according to the latest study from the market research firm Future Market Insights Inc. (FMI).
Per the FMI report, the total valuation of the market is predicted to increase from $5.1 billion in 2024 to $16.4 billion in 2034. According to FMI, there are a number of reasons for the industry’s strong growth including:
- Rising demand for personalized and customizable clothing options in the general population, especially the youth
- Surging adoption of dye-sublimated uniforms and sportswear in commercial sectors like corporations, supermarkets, and the hospitality sector
- Booming eCommerce platforms facilitating access to a wide range of dye-sublimated apparel in emerging economies
“All these factors are collectively contributing to the remarkable trajectory of the dry sublimated apparel market,” FMI’s analysts say.
Global Apparel Dye Sublimation Market
According to the FMI study, the international dye sublimated apparel market is also witnessing a surge in demand thanks to “sports enthusiasts, [which] form one of the largest consumer groups in the dye sublimated apparel market,” businesses and corporations looking for branded and professional apparel, and “gyms, yoga studios, and wellness centers also use dye sublimated apparel to promote their brands.
To see the complete FMI report, click here.
