Textile Market Feature | Textile Trade Buddy

Fashion Pact's ‘Unlock’ Report on Sustainable Cotton: A step forward but questions linger

February 6, 2024| Posted in Textile Market Feature Admin 181

The Fashion Pact's first report on ‘Unlock’ project, aiming to create a climate-friendly future for cotton, has received mixed reactions, with some industry players voicing concerns about methodology and impact.

Interim Budget: Spinning sector seeks relief, policy clarity as textile sector eyes growth

February 5, 2024| Posted in Textile Market Feature Admin 184

The Indian textile industry walks a tightrope balancing between cautious optimism and lingering unease after the interim Budget. While acknowledging the 27.6 per cent increase in Budget allocation for textiles, a closer...

VSF Boom Across Asia: India rides the wave of increased Rayon yarn demand in January

February 2, 2024| Posted in Textile Market Feature Admin 167

Defying seasonal sluggishness, the Asian textile industry is experiencing vibrant growth in demand for Viscose Staple Fiber (VSF), a key material in rayon yarn production. This demand boost, observed throughout...

Indian cotton spinners weave a growth story as ICRA forecasts 12-14% expansion in FY24

January 31, 2024| Posted in Textile Market Feature Admin 187

Buoyed by a growth in exports and rising domestic demand, India's cotton spinning industry is poised for a remarkable 12-14 per cent growth in the current financial year (FY24), says ICRA a leading credit rating agency. This translates...

China's Spandex Exports in 2023: Some bright spots amidst decline

January 30, 2024| Posted in Textile Market Feature Admin 182

The Chinese spandex industry navigated a rollercoaster ride in 2023, with exports experiencing a mixed bag of declines and unexpected highs. While overall volume dipped slightly by 2 per cent to 69.6kt tons compared to...

Cotton Crossroads: Newcomers reshape global trade, India navigates challenges, eyes sustainable course

January 29, 2024| Posted in Textile Market Feature Admin 218

Cotton, the ‘versatile fiber’ that clothes the world has an industry worth over $100 billion riding on it. The dynamics of this trade are complex and ever-evolving, fraught with challenges and opportunities for key players like India.

Polyester fiber market to reach $151.6 bn by 2028: Report

January 25, 2024| Posted in Textile Market Feature Admin 177

The global polyester fiber market is expected to reach $151.6 billion by 2028, growing at a CAGR of 8.2 per cent from 2023 to 2028, according to a new report. Polyester is a versatile and durable synthetic fiber that is used in a wide range of applications, including textiles, apparel, home furnishings, and industrial products. The increasing demand for polyester is being...