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The handloom industry in Andhra Pradesh and Telangana is facing a severe crisis, due to a sharp drop in the number of looms, growing raw material costs, and increasing weaver suicides.
A new Fact.MR study forecasts the global wool yarn market’s value will touch $5.76 billion in 2024, growing at a compound annual growth rate (CAGR) of 3.4 per cent from 2024 to 2034.
Premier Textiles, a leading European importer of fabrics, yarns, and finished textiles, has announced its membership in the Better Cotton Platform (BCP).
The Cotton Corporation of India (CCI) is grappling with a massive cotton inventory.
The Union Textiles Ministry has greenlit 19 research projects worth Rs 21 crore to boost India’s technical textiles sector. This decision, taken during the 9th Mission Steering Group meeting, focuses on areas like composites, geo textiles, and smart textiles. Leading research institutions including IITs and CSIR will undertake these projects. The Ministry also reviewed the...
Egypt is boosting its textile sector with a renewed focus on domestic production. The government has restarted a key factory, MISR Artificial Silk and Polyester Fibres, after 12 year closure. This move aims to reduce reliance on imported raw materials and stimulate local manufacturing. To further strengthen the industry, Egypt is investing €1.1 billion in...
Surat, the industrial hub in Gujarat, is celebrated as the Silk City for its renowned textile industry, which plays a vital role in India's economy.
Victor Iyama, President of the Federation of Agricultural Commodity Association of Nigeria (FACAN), has called on the Federal government to partner with the private sector to revive the cotton industry
Indorama Ventures, a global leader in sustainable chemicals, has joined the T-Rex (Textile Recycling Excellence) Project.
The global spinning machinery market is ready for a huge boost, driven by the growing demand for premium textiles and rapid technological advancements.
Microcap textile player Vishal Fabrics has reported a mixed performance for the quarter ending June 2024.
Shanghai’s National Exhibition & Convention Centre is ready to open doors for a host of premier textiles and apparel trade shows amid slowing consumption and economic growth.
Lenzing Group is spearheading a €6.9 million EU-funded project to revolutionize the textile industry. Partnering with the RTDS Group and 13 other organizations, the Cellfil project aims to scale up production of eco-friendly lyocell filaments.
India's cotton exports have increased in the past year. Shipments jumped 68 per cent to 26 lakh bales in the first nine months of the 2023-24 season compared to the same period last year. This surge is driven by a combination of higher cotton production and strong demand from key markets like Bangladesh and Vietnam.
As per a report by Textile Today global function textiles market valued at $140.12 billion in 2022, will grow at a CAGR of 7.7 per cent from 2023-31 to reach of $273.18 billion by 2031.
The Indian textile industry is set to benefit from a recent Supreme Court decision.
Wool prices are less influenced by traditional agricultural factors and more by broader economic trends, mirroring other industrial commodities like cotton and polyester.
Acrylic fiber prices have remained unchanged since last November, despite fluctuations in raw material costs.
Polyester product exports from China saw significant growth in the first half of 2024, with a notable shift from fiber to non-fiber products, according to customs data.
Cotton prices in India have fallen below Rs 60,000 per candy (356 kg) due to weak demand for yarn and garments, with a slight recovery expected around mid-August.
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