The market size value per capita for pullovers and cardigans made of cotton in India has shown a consistent upward trend from 2013, starting at $0.14, to reaching $0.29 in 2023. This represents a strong overall growth, with significant gains particularly noticeable between 2013 and 2015. From 2022 to 2023, the market saw a year-on-year increase of approximately 3.57%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 is estimated at about 3.01%.
Looking ahead, key trends to monitor include how growing environmental and digital shopping trends might influence consumer preferences and spending on cotton apparel. Expected impacts of sustainability factors and digital retailing innovations could also shape the market dynamics in the coming years.
