In the US alone, the secondhand fashion market could grow 20% between 2020 and 2025 to reach $67 billion in size, according to estimates by Business of Fashion Insights.

Part of secondhand’s growth is driven by a new generation of more environmentally-conscious consumers. We can justify buying SHEIN items today when we can turn around and sell them on Depop tomorrow. 

Online resale is growing 4X faster than offline.  ~$37 B (50% of total)—estimated share of online sales of secondhand fashion by 2024.  ~$28 B (43%)—offline thrift & donation (Goodwill, Salvation Army, etc.).