News About Textile Industry: Here are some of the latest news highlights in the textile industry:
1. Global Resale Apparel Market Soars with 17.6% Growth in 2024
- The global resale apparel market saw an impressive growth of 17.6% in 2024, reaching $204.7 billion, driven by economic uncertainty and increasing environmental awareness. Online platforms like Vinted, Depop, and eBay are key players in the resale boom, while Asia-Pacific and Middle East & Africa are projected to witness the fastest growth. Footwear, especially collectible trainers, is expected to dominate the market with a 13.8% CAGR, while the overall apparel resale market is expected to expand with a CAGR of 11.4% until 2028.
2. Bharat TexT 2025 Showcasing India’s Textile Strengths
- Bharat TexT 2025, India’s largest textile trade event, will take place in New Delhi from February 12-17, 2025, showcasing India’s vast capabilities in textiles. Over 5,000 exhibitors will feature innovations in the industry across 2.2 million square feet of exhibition space, attracting 6,000 international buyers and 12,000 domestic visitors. The event will focus on sustainability, technological advancements, and global trade partnerships, with support from major brands like Reliance, Aditya Birla, and Welspun.
3. HEREWEAR: The Future of Biobased Textiles
- The European initiative HEREWEAR, part of the Horizon2020 project, is pushing forward sustainable textiles by creating clothing from biobased materials like straw and seaweed. This effort is focused on reducing waste and microplastic pollution in the fashion industry. The Flexi-Dress, made from straw cellulose, won the Cellulose Fiber Innovation of the Year Award 2024. HEREWEAR aims to promote locally produced circular textiles, with extensive guidelines and resources available for businesses interested in adopting biobased textiles.
4. EU Initiative to Reduce Textile Waste by 80% Enters Phase II
- The European Union’s initiative to reduce textile waste by 80% by 2030 has entered its second phase. This includes the introduction of mandatory textile recycling systems, stricter eco-design standards, and digital product passports to promote circularity. The EU is also pushing for extended producer responsibility (EPR), requiring manufacturers to take responsibility for the lifecycle of their products. Phase II aims to accelerate adoption of sustainable practices and reduce textile waste across Europe.
5. China’s Textile Exports See Growth Amid Shifting Supply Chains
- Despite challenges posed by COVID-19, China’s textile industry has shown resilience, with exports continuing to grow. The country remains a dominant player in the global textile market, with its vast production capacity and expertise in manufacturing. However, there are concerns over shifting global supply chains as some companies look to diversify away from China due to geopolitical tensions and a push for nearshoring or reshoring of production in regions like Southeast Asia and Africa.
6. Sustainable Innovations Take Center Stage in Textile Manufacturing
- The global textile industry is seeing a surge in innovations aimed at reducing environmental impact. From biodegradable fabrics and recycled fibers to 3D knitting technology and zero-waste design, manufacturers are increasingly focusing on sustainability. Textile companies are also exploring waterless dyeing technologies and low-impact chemical processing to meet consumer demand for eco-friendly products.
These headlines reflect the textile industry’s ongoing transformation towards sustainability, innovation, and global collaboration.
