Resale market to reach 51 billion US dollars in 5 years, says ThredUp

American consumers are more open to buy and sell secondhand apparel than ever before: the resale market has grown 21 times faster than the retail fashion market over the past three years and is projected to grow from 24 billion US dollars to 51 billion US dollars in the next five years, according to ThredUp’s annual Resale Report. That means the secondhand market will be 1.5 times bigger than fast fashion by 2028, when used items are forecasted to account for an average of 13 percent of people’s closets.