Textile Market Feature

In a crucial shift away from traditional sourcing hubs like China, Western retailers are increasingly turning their towards new textile frontiers.

The global cotton market is currently experiencing significant instability due to factors like tariffs, fluctuating prices, and evolving consumer preferences.

The global textile industry is at a crossroads, where polyester continues to dominate the market, even as sustainable innovations begin to reshape its future.

As global trade dynamics evolve under the pressures of changing policies and geopolitical uncertainties, two of Asia's textile powerhouses—India and Vietnam—are strategically aligning to enhance cooperation in the garment and textile sector.

Panipat, historically known for its rich textile heritage, is now at the forefront of a revolution—one that is redefining the future of sustainable textile production.

China's spandex sector passed through challenging times in the first quarter of 2025.

India’s textile industry is on the brink of a major change with the infusion of advanced materials like graphene into conventional fibers.

The European Recycling Industries' Confederation (EuRIC) has unveiled the ambitious 'EU Recyclers' Manifesto' taking an important step to overhaul the European Union's textile recycling landscape by 2030.

On April 2, President Donald Trump introduced sweeping reciprocal tariffs aimed at addressing perceived trade imbalances.

The heads of six India textile and apparel associations namely the Confederation of Indian Textile Industry (CITI), Manmade and Technical Textiles Export Promotion Council (MATEXIL), Powerloom Development and Export Promotion Council (PDEXCIL), The Cotton Textiles Export Promotion Council (TEXPROCIL), the Southern India Mills’ Association (SIMA) and the Clothing Manufacturer’s Association of India (CMAI) have put forth to the government a five point agenda for India's textile & apparel industry (T&A) (2025-26) based on the deliberations at the National Committee on Textiles and Clothing (NCTC) meeting held on May 18, 2024.

Cotton Incorporated’s recent report, ‘Cotton as a Possible Bellwether for Global Economies: Why International Cotton Markets Matter’, highlights the vital role cotton plays in global trade and economic forecasting. Beyond its utility as a raw material for the textile industry, the report emphasizes how cotton markets serve as a microcosm of global economic trends, reflecting shifts in consumer demand, supply chain dynamics, and geopolitical factors.

The Central Goods and Services Tax (CGST) department investigations into over 20 textile units across India have highlighted a pressing issue in the GST framework. The debate centers around whether certain processing activities should be classified as ‘job work’ (taxed at 5 per cent) or as transformative processes (taxed at 18 per cent). This classification dilemma is proving to be a major challenge for businesses navigating the complexities of GST compliance.

A recent report by CITI, authored by Manoj Sharma, a stark reality has emerged about Indian yarn manufacturers: a significant price gap between domestic and international prices of critical raw materials, Polyester Staple Fiber (PSF) and Viscose Staple Fiber (VSF). The findings, compiled for February 2025, underscore a potential threat to the competitiveness of Indian textiles in the global market.

The global spandex market is seeing growth, with projections indicating it will reach $20.8 billion by 2033, up from $9.3 billion in 2023. This represents a compound annual growth rate (CAGR) of 8.4 per cent.

A groundbreaking report published by the Bremen Cotton Exchange, authored by analyst Veronica Bates Kassatly and statistician Terry Townsend, has unveiled alarming findings about the prevalence of microplastics in textiles.

The textile industry finds itself at a crossroads of regulation and sustainability today. With increasing pressure from environmental advocates and governments alike, understanding and complying with these regulations is no longer merely advisable—it's essential for staying competitive.

India, a nation deeply rooted in textile heritage, continues to play a pivotal role in the global woven cotton fabrics market.

China’s Xinjiang region, synonymous with high cotton output, has become a focal point of global debate, intertwining economic shifts with ethical concerns.

Globally, concerns about the environmental impact and sustainability of the fashion industry have taken center stage.