Fashion industry is not an attribute that lies unknown to anyone. With time pacing faster than blink, fashion industry is gearing to match up with the evolution. Fashion United predicts by 2026, the fashion industry is all set to revolutionize because following the year marks the ballot in 64 countries across the globe. People bringing out their thoughts to the world through vote casting are likely to wave a new era of polarized society where creativity reigns. In this article, we are looking over the factors very likely to contribute to shaping the fashion industry:
- Society: A report believes the year 2026 will be witnessing two societal scenarios existing simultaneously. One part of the visual upholds and nourishes community building whereas the other half encourages solace in isolation. These societal scenarios will challenge the ways fashion industry approaches people and their requirements.
- Technology: This sector will impact fashion industry the largest. Eye shocking advancements in technologies highlighted the growing need of knowing about intentional tech, the idea is to remain prepared ahead of the revolution wave. By 2026 the virtual human market will reach a startling 440.3 billion dollar benchmark, amplifying the chances of inclusion of a virtual member in each team.
- Environment: Consumers in today’s time idolize apparels comforting their souls, refreshing their minds and supporting their outlook on life. They are inclined towards clothing promoting the idea of eco-friendly practices and zero waste materials. The fashion industry is provoked to analyze consumer demands and work towards manufacturing apparels contributing to creating a greener environment.
- Politics: Geopolitical tensions and growing inequality in the distribution of income will bang on creating a methodology combining innovation and technology, guaranteed to impact fashion trends and challenges.
- Industry: The fashion industry is planning to introduce direct sales and rental services to consumers to ensure transparency and to build a harmonious relationship with them. Through these changes, the industry will enlighten itself to a new vision of fashion that was not known before.