Textile Market News

The viscose staple fiber market remained flat due to weak downstream demand from cotton yarn factories.

Key players in India's fabric industry are pressing for urgent government intervention to safeguard the domestic market from a surge in cheaper fabric imports.

ICRA predicts a strong rebound for India's cotton spinning industry in FY25, with a growth forecast of 6-8 per cent.

Tamil Nadu's once-thriving textile industry is facing a severe downturn due to rising power costs and lack of competitiveness.

Eurojersey and Lanificio Reda, two Italian leaders in textile innovation, have joined forces to create a revolutionary fabric.

Global shipments of textile machinery increased in 2023, according to the International Textile Manufacturers Association (ITMF).

India's overall trade picture for June and Q2 2024 shows a mixed bag, with positive growth in overall exports but a widening trade deficit.

The European textile and clothing industry association, Euratex, has expressed strong support for the proposed reforms to the European Union's customs system.

Bangladesh and Vietnam are poised to become global leaders in cotton consumption and trade over the next decade, indicates OECD-FAO Agricultural Outlook 2024-2033.

PureCycle Technologies, in partnership with MiniFibers and Beverly Knits, has achieved a major milestone by producing high-quality textile samples using PureCycle resin derived from post-consumer recycled (PCR) waste.

The Indian Texpreneurs Federation (ITF) has called on the government to support policy changes to help the country's textile and apparel sector capitalize on the global shift away from China.

The Taliban-led Afghan government struck a deal to export 10,000 tons of cotton thread to China, a sign of potential economic progress for the war-torn nation.

Weavetech Engineers, a manufacturer of yarn preparatory machinery, marked its maiden appearance at ITM 2024 in Istanbul. The company showcased its innovative product line focused on high-value yarns and fabrics, targeting new markets in CIS countries and the Middle East. Weavetech aimed to raise awareness of Indian technologies for high-value textiles. Their electric sizing technology, which uses electricity instead of fossil fuels, attracted particular interest, aligning with Europe's focus on sustainability.

The knitwear cluster in Tiruppur, India, is looking to expand its reach by venturing into the export of man-made fiber (MMF) garments. This ambitious plan was discussed at a meeting between the Ministry of Micro, Small and Medium Enterprises (MSME), Tiruppur Exporters' Association (TEA), and other stakeholders. The MSME Secretary, SCL Das expressed support for exploring this expansion. He announced collaboration with NITI Aayog to develop achievable growth plans for Tiruppur in the MMF sector.

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) will host the Yarn Expo - 2024 from August 9th to 11th at the Surat International Exhibition and Convention Centre, Sarsana. Covering 116,000 sq. ft, the event will feature over 80 exhibitors from various cities including Surat, Ahmedabad, Mumbai, and Bangalore. SGCCI President Vijay Mewawala emphasized the expo aims to boost Surat's textile industry by introducing the latest yarn production technologies. The sixth edition of the expo will display a wide range of yarns such as polyester, nylon, viscose, cotton, antibacterial, imitation silk, granite, and recycled yarns. Vice President Nikhil Madrasi highlighted the participation of yarn manufacturers nationwide. The event expects more than 25,000 visitors, including genuine buyers from states like Tamil Nadu, Haryana, and Maharashtra. Ramesh Vaghasia, Immediate Past President of SGCCI, noted buyers and visitors from various cities across India, including Erode, Coimbatore, Hyderabad, and Bangalore, are expected to attend the yarn exhibition.

Indo Count Industries, a leader in home textile manufacturing, and Shreeram Cotton Industries, a premier cotton producer, have signed a pact to launch the Regenagri Cotton Project. This initiative focuses on revolutionizing agricultural practices with an emphasis on sustainability and resilience. Regenagri, short for regenerative agriculture, promotes holistic farming methods that improve soil health, water quality, and biodiversity. Through this collaboration, the companies aim to empower farmers with the knowledge and tools to thrive in a changing agricultural landscape.

Woolmark is celebrating 60 years of certifying wool products by launching a new initiative focused on recycled wool. This marks the first time the Woolmark logo will be applied to recycled fibers. The new ‘Recycled Wool’ certification ensures products contain at least 20 per cent recycled wool, while still meeting Woolmark's existing quality standards. This initiative aligns with the industry's shift towards more sustainable practices. Woolmark says wool is already the world's most recycled apparel fiber, and this new program aims to further reduce waste and pollution by promoting a circular production model. Products can include recycled wool from fabric scraps or even old garments.