Online Rental Management System
Author(s):
Riya Goyal, Ankita Roy, Rajakumar P
Keywords:
ESOMAR-certified, Sustainable, Indiscriminate, Excessive, Demonstrates.
Abstract
The growing popularity of online clothing rentals is fueled by the desire to keep up with the latest trends. Buyers all over the world know the product. Customers now prefer the purchase of online clothing due to easy access and the availability of great options at a low price, due to the increase in internet penetration. This also exacerbates the global demand for online rental clothing. The online clothing rental market is expected to grow due to lifestyle changes and popularity of party dresses, designer dresses, and dinner suits. Future Market Insights (FMI), a ESOMAR-certified market research organization and consulting organization, has released a new study examining key variables that drive the need for online clothing rental. This paper examines the worldwide need for more than 20 clothing brands online in the fastest growing markets. Therefore, product rental will be considered the most sustainable way to use clothing today, as industries use sustainability as their key business plan to attract more customers. Even according to research, every year, more than 350,000 tons of old clothes are discarded at landfills in the United Kingdom, and about 30% of clothing is not worn at least once a year. Excessive use and indiscriminate disposal of unwanted clothing has become a global problem - and many of these items are discarded without purpose. This, in turn, demonstrates the potential for profit for players in the global clothing rental market, which helps to reduce carbon emissions while also extending the life of clothing. Wearing rented clothing can reduce carbon emissions and other toxic substances, which can benefit the environment and natural resources. Additionally, clothing manufacturers can improve their social performance standards by combining clothing hire in their business with sustainable strategies.
Article Details
Unique Paper ID: 154634

Publication Volume & Issue: Volume 8, Issue 11

Page(s): 875 - 880
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