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SMX Announces Expansion into Denim and Recycled-Denim to Help Fashion Brands Reduce Excess Stock and Increase Verified Recycled Content
Accessnewswire· 2025-12-30 17:30
Core Viewpoint - SMX PLC is set to enter the denim and recycled-denim market in Q1 2026, leveraging its expertise in material identity and digital traceability to enhance the value and sustainability of denim products [1] Company Summary - SMX PLC is a pioneer in material-embedded identity and digital traceability, focusing on enhancing the authentication and traceability of materials [1] - The company aims to extend its capabilities into the denim segment, which is one of the largest apparel categories globally [1] Industry Summary - The global denim jeans market is estimated to be approximately USD 86.66 billion in 2024, with projections of growth to USD 91.19 billion in 2025 and reaching USD 121.50 billion by 2030, reflecting a compound annual growth rate (CAGR) of approximately 5.9% [1]