Latin America Decorated Apparel Market Size & Outlook
Latin America decorated apparel market, 2018-2030 (US$M)
Related Markets
Latin America decorated apparel market highlights
- The Latin America decorated apparel market generated a revenue of USD 1,613.0 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, embroidery was the largest revenue generating product in 2023.
- Screen Printing is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,613.0 million |
| Market revenue in 2030 | USD 2,822.9 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Embroidery |
| Fastest growing segment | Screen Printing |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Embroidery, Screen Printing, Dye Sublimation, Digital Printing |
| Key market players worldwide | Gildan Activewear Inc, Berkshire Hathaway Inc Class A, Hanesbrands Inc, Delta Apparel Inc, Downtown Custom Printwear, Advance Printwear, Lynka |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.6% of the global decorated apparel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 19,723.9 million by 2030.
Embroidery was the largest segment with a revenue share of 40.92% in 2023. Horizon Databook has segmented the Latin America decorated apparel market based on embroidery, screen printing, dye sublimation, digital printing covering the revenue growth of each sub-segment from 2018 to 2030.
Rising middle-class population in emerging Latin America economies including Brazil and Mexico, coupled with the growing popularity of local and multinational manufacturers in the region, is expected to drive the decorated apparel market in the region.
In addition, the growing prevalence of outdoor social gatherings, music events, and festivals, such as Lollapalooza in Chile, which attracts more than 1.5 million people every year, in the region is likely to drive the demand for decorated apparel. Several people prefer to flaunt printed and customized apparel during the event in order to show their support and enthusiasm.
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Decorated Apparel Market Scope
Decorated Apparel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America decorated apparel market size, by country, 2018-2030 (US$M)
Latin America Decorated Apparel Market Outlook Share, 2023 & 2030 (US$M)
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