Textile Market News

EIM (Environmental Impact Measuring), the world’s leading platform trusted by major fashion brands to assess the sustainability of garment finishing, has unveiled its “Innovations and Challenges in Denim Finishing: 2024 Report.”

The Cotton Association of India (CAI) and the Australian Cotton Shippers Association (ACSA) have signed a Memorandum of Understanding (MoU) aimed at enhancing mutual cooperation in cotton production, trade, pricing, and market outlook.

China and Pakistan have signed a memorandum of understanding (MoU) to boost cotton production through advanced technologies.

Indian textile stocks rose after the US imposed steep reciprocal tariffs on Asian exporters, positioning India as a relative beneficiary.

The Cotton Corporation of India (CCI) has procured over 1 crore bales (170 kg each) at the minimum support price (MSP) in the 2024-25 season.

Midcap textile company Welspun Living saw a sharp drop of 5.57 per cent on April 4, 2025, underperforming the broader textile sector, which declined 3.01 per cent.

Uttar Pradesh is set to contribute significantly to India's goal of achieving Rs 9 lakh crore in textile exports by 2030, with a strong focus on yarn and fabric production.

Australia’s cotton lint market is expected to grow steadily, with consumption projected to move up at a compound annual growth rate (CAGR) of 1.5 per cent between 2024 and 2035, reaching 2.6 million tons by 2035.

German chemical major BASF has launched the world’s first commercial-scale plant for loopamid, a fully recycled polyamide 6 made entirely from textile waste.

India’s textile industry is expected to rebound in FY25 after two years, pushed up by stable cotton prices, improving readymade garment (RMG) exports, and steady domestic demand. The recovery bodes well for small and medium enterprises (SMEs), which form 80 per cent of the textile value chain.

Dev Ethical Sustainable Crafts and Textiles, Uttarakhand (DESCATUK), has will present its innovative fiber, HimGra, at Startup Mahakumbh 2025, India’s largest startup event, on from April 3-5 at Pragati Maidan, New Delhi. Organized by FICCI and DPIIT, this platform recognizes HimGra for its zero-cultivation carbon footprint and waterless mechanical fiber extraction process.

Better Cotton has renewed its standard recognition agreement with the Brazilian Cotton Growers Association (ABRAPA), extending the partnership that aligns Brazil’s Responsible Brazilian Cotton (ABR) Programme with the Better Cotton Standards System (BCSS).

Bangladesh's dependence on Indian cotton imports is growing as local industries struggle to meet tighter lead times. Sourcing raw materials from distant countries like China, Africa, or Latin America takes longer, reducing competitiveness in the global supply chain.

The global market for woven fabrics of cotton has seen steady growth due to rising demand. In 2024, global consumption reached 15 billion sq. mt. up 1.8 per cent from the previous year, continuing a trend of moderate annual growth (+1.2 per cent since 2013). However, market growth is expected to decelerate over the next decade, with an estimated CAGR of +0.2 per cent from 2024 to 2035, reaching 15 billion sq. mt. by 2035.

Georgia cotton producers have voted to continue the $1 per bale assessment that funds the Georgia Cotton Commission’s research, promotion, and education programs. In the 2025 referendum held from February 10 to March 12, 87.83 per cent of voters supported the measure, according to the Georgia Department of Agriculture.

The price of Bt Cotton Bollgard-II (BG-II) seeds rose by Rs 134 per packet over the past four years, increasing from Rs 730 in 2020 to Rs 864 in 2024 an 18.5 per cent hike. Prices climbed to Rs 767 in 2021, Rs 810 in 2022, Rs 853 in 2023, and Rs 864 in 2024.