Textile Market News

Trivandrum Spinning Mills (TSM) is weaving a new future with a major quality upgrade.

The Union government plans to increase budget expenditure for the textile ministry by 2.5 per cent for the fiscal year 2025, taking its allocation to Rs 4,500 crore.

In a groundbreaking move for the fashion industry, luxury powerhouse Kering has joined forces with cutting-edge biomaterials company Spiber, alongside other industry leaders, to pioneer the creation of fully circular textile products.

Several prominent international textile companies, including Fortum, Lenzing, H&M, Busana Group, and Hyosung Corp, are expected to attend the upcoming global textile event BharatTex, to be hosted in New Delhi from February 26th to 29th, 2024.

The Alliance for European Flax-Linen & Hemp, the only agro-industrial organisation for European Flax and/or Masters of Linen certified European Flax-Linen and Hemp, is strengthening its position in Italy.

Eco fibers are taking the textile world by storm, with the market projected to reach a whopping $108.6 billion by 2032, driven by growing demand from the textile industry and a increased focus on sustainability.

Birla Cellulose's relentless pursuit of environmental leadership has yielded a groundbreaking result: Kharach, its Gujarat plant, has become the first Indian Man-Made Cellulosic Fibers (MMCF) facility to achieve the rigorous EU BAT (Best Available Techniques) standard.

Australia's woollen yarn imports dipped in November 2023, mirroring the previous month's trend. As per IndeBox, a market intelligence platform, while tonnage remained flat at around 158 tons, the value shrunk to $1.7 million, marking a noticeable contraction.

By 2030, the fashion industry's dependence on fossil fuels for garments will hit a staggering 75 per cent. This alarming statistic puts pressure on bio-innovators to break the industry's addiction to polyester and other unsustainable materials.

Chinese nylon supplier Shenma Industry is investing CNY 252 million ($35 million) to build a yarn factory in Thailand, aiming to circumvent international trade barriers and better serve overseas tire manufacturers.

Textile exports are booming thanks to declining cotton prices, but a twist has thrown a wrench in the works. Earlier orders placed at higher prices are now facing delivery complications as buyers demand discounts.

Prada, the iconic Italian fashion house, is making waves with its Re-Nylon collection, a groundbreaking initiative that redefines luxury through the lens of sustainability.

Showcasing latest textile innovation and fashion trends, the international fabric show, Munich Fabric Start, concluded its Spring.Summer 2025 edition. The three-day event from January 23 to 25 offered an overview of the evolving landscape of the European fashion industry.

The Indian textile industry has laid out its key demands for the upcoming Union Budget 2024, seeking relief from rising cotton prices, import duties, and a lack of domestic production. In a pre-budget memorandum submitted to the government, industry body SIMA (Southern India Mills' Association) outlined proposals aimed at boosting competitiveness and sustainability.

Bremen, Germany, will host the 37th International Cotton Conference in March, where the spotlight will be on textile recycling and its role in a circular economy. This key session will gather experts from across the cotton supply chain to explore the potential and challenges of recycling cotton and blended fabrics.

Delhi is preparing to host the Fibers & Yarns Exhibition (FYE), returning to Pragati Maidan from February 22nd to 24th, 2024. This mega-event, attracting over 8,000 visitors and 500 exhibitors, is more than just a trade show.

In a creative move towards sustainable and stylish denim solutions, Lenzing Group, a global leader in wood-based specialty fibers, has partnered with China's esteemed denim mill, Advance Denim, for their latest Denim Collection. This collaboration, spanning over 15 years, marks a significant milestone in their shared commitment to eco-conscious fashion.

Unifi, a leading innovator in recycled performance fibers, has launched ReComfort, a revolutionary filament yarn that replicates the soft, familiar feel of cotton while boasting superior sustainability credentials.

India is looking at notable boost in textile exports, thereby putting the spotlight on indigenous Kasturi cotton. The Kasturi Cotton Initiative, with 300 registered ginners as of January 3, 2023, aims to enhance the global appeal of Indian cotton by prioritizing branding, traceability, and certification.

Six groundbreaking cellulose fibre innovations are vying for the coveted ‘Cellulose Fibre Innovation of the Year’ award at the upcoming ‘Cellulose Fibres Conference’ in Cologne, Germany, on March 13 and 14, 2024. The nominees showcase advancements in sustainability and resource efficiency across various industries within the cellulose fibre value chain.