Designer brands try their hand at upcycling products and materials
Trend - Many luxury designers are making attempts to be more eco-friendly, and one of the ways they're doing this is through the increasingly common practice of using waste materials to create new products.
Insight - Making sustainable purchase decisions is increasingly important to North American consumers of all incomes. With eco-friendly consumption being more accessible to consumers with more wealth, there is a growing responsibility within this demographic to make sustainability a priority.
Insight - Making sustainable purchase decisions is increasingly important to North American consumers of all incomes. With eco-friendly consumption being more accessible to consumers with more wealth, there is a growing responsibility within this demographic to make sustainability a priority.
Workshop Question - How is your brand making sustainability more accessible?
Trend Themes
1. Upcycling - Luxury designers are increasingly using waste materials and production leftovers to create new products to appeal to North American consumers' growing demand for sustainable fashion.
2. Collaborations - Collaborations between luxury fashion brands and ethical companies, such as Fendi and Cartiera, are becoming more common in the luxury fashion and automotive industries to decrease waste and improve the sustainability of luxury fashion products.
3. Exclusive Collections - Luxury fashion brands like Miu Miu and Salvatore Ferragamo are releasing exclusive upcycled collections to address the sustainability issue in the luxury fashion market and attract eco-conscious buyers.
Industry Implications
1. Luxury Fashion - Luxury fashion brands aim to create more eco-friendly products and appeal to increasingly environmentally conscious consumers while looking towards collaborations for sustainability and reducing waste.
2. Automotive - Luxury automotive brands like Lamborghini are looking beyond the design of high-performance cars to pursue sustainability through upcycling and collaborating with ethical fashion brands.
3. Retail - Trends towards sustainable fashion and collaborations between luxury brands and ethical companies are changing the retail landscape and becoming more appealing to eco-conscious consumers in the luxury fashion market.
