The global Home Textile market is expected to experience steady growth, with a forecasted CAGR of 3.0% from 2023-2029, reaching a worth of USD 200900 million by 2029. The market is projected to readjust from its estimated value of USD 162950 million in 2022, due to the impact of the COVID-19 pandemic on the industry. The bedding segment is projected to be the largest contributor to the global Home Textile market, according to Precision Reports.

Home Textile products, including soft furnishings such as linens, bedding, and upholstery fabrics, are widely used in homes, hotels, and commercial establishments.

China is the largest market, with a share of about 30%, followed by Europe and North America, both with a share of about 35%. In terms of application, the largest segment is Family Used, followed by Commercial Used.

The global Home Textile market is expected to experience steady growth, with a focus on the bedding segment and strong regional presence in China, Europe, and North America.

Global fashion retailers are set to gather in Barcelona for the World Retail Congress, one of the industry’s biggest annual conferences.

Executives from major retail companies will discuss how to respond to mounting pressure from regulators and consumers to move towards more sustainable models, while also trying to reverse declining sales in Europe.

The challenges facing their businesses will be discussed, including tougher European regulations on textile waste, as well as the impact of inflation on consumer spending.

There is growing pressure from regulators to change the fast fashion model, which relies on high volumes and affordable prices. Consumers in the European Union discard about 5.8 million tonnes of textiles annually, according to the European Environment Agency. The current model is unsustainable given the threats of climate change and resource scarcity.

In response, many retailers are seeking to adopt circular business models, in which materials are reused and recycled rather than using up finite resources to make new products. This shift will require creating multiple revenue streams from existing products. There is a business case for making the fashion industry more circular, but it will require a major shift in the industry's business model.

Retailers are working with local authorities ahead of a new EU law that will require member states to separately collect textile waste by January 1, 2025.

Shopping malls and markets in Bangladesh sell foreign clothing items imported mainly from India and Pakistan, with many smuggled products coming through land ports to evade taxes. The incursion of imported apparels and fabrics, have left Bangladesh's fashion industry in dire straits, despite the country's position as the second-largest readymade garment exporter in the world.

The lack of government policy support, high import cost of raw materials, absence of design and development facilities in most local fashion houses, declining number of weavers due to low wages, and academic fashion design curriculum not matching requirements of professional careers are the major barriers to the growth of the local clothing industry.

Although some Bangladeshi brands produce quality local products, many local fashion houses import fabrics from China and India to cater to consumer demand. The lack of vision among local fashion house owners and their inability to produce world-class merchandise further hampers the growth of the industry.

The March 2023 export data suggests that China's export direction is changing, with the Belt and Road countries and CREP regions potentially occupying a more important position in China's future exports.

The latest figures reveal a decline in the proportion of traditional markets such as Japan, Europe and the US, and an increase in the proportion of ASEAN, Russia, Kazakhstan, Saudi Arabia, Ukraine, Oman and Brazil.

The strong performance of China's textile and apparel exports in March highlights the need for businesses to stay aware of changing trends and to adapt to the evolving global trade landscape.

China's textile and apparel exports in March 2023 were remarkably strong, growing by 32% year-on-year for garments and accessories. However, this was not consistent with the export situation perceived by the market. The latest monthly report released by China Customs sheds light on the direction change of China's textile and apparel exports.

The United States retained its position as the largest market for China's textile and apparel exports in March, followed by the European Union and Vietnam, with Japan dropping to fourth place. These four markets accounted for over 15% of the total exports. Vietnam, Malaysia, the Philippines, Indonesia, Thailand, Singapore and Myanmar were the major ASEAN markets, accounting for 19.7% of the total exports, which was 4.7 percentage points higher than that of the United States.

Compared to March last year, Japan, Europe and the US witnessed a decline in their proportion, while Philippines, Indonesia, the United Kingdom, Thailand and the United Arab Emirates also saw a modest decline. However, Vietnam, South Korea, Malaysia, Australia, India, Singapore, Russia, Kazakhstan and Saudi Arabia showed an increase in their proportion, with Singapore and Saudi Arabia registering a more significant growth.

Regarding the year-on-year growth of China's main export markets in March, Vietnam had the most substantial growth, followed by the United States. In contrast, Japan showed a decline. The exports to Singapore, Russia, Kazakhstan, Saudi Arabia and Australia grew by more than 50%, with Malaysia, South Korea and India also performing well, with a year-on-year growth of over 30%.

The largest growth in March was observed in ASEAN, Russia, Kazakhstan, Saudi Arabia, Ukraine, Oman and Brazil. Due to the low base of some regions in the early period, their increase was relatively large. Whereas, Japan and European countries witnessed the largest drop in the growth rate in March.

China’s polyester market faces challenges from both upstream and downstream sectors, resulting in suppressed sales and mounting inventory.

Upstream market, particularly PX, was the strongest due to low inventory and intensive turnaround, while PTA market successfully transferred cost to the polyester sector.

However, some downstream plants suspended or curtailed production due to high-priced raw materials. Despite the challenges, the polyester market has shown high resilience, with the polymerization rate remaining high even with new capacity.

Polyester companies are finding it difficult to cut production due to labor and cost issues, and the inventory burden is still bearable. Downstream plants are calling for faster production suspension, and coupled with strongly soaring feedstock futures, polyester companies were forced to cut prices for promotion.

The PFY stocks of DTY plants and fabric mills may guarantee production until next week, but sales are estimated to remain low, and the inventory is expected to mount in April.

The polyester industry is encountering accumulating contradictions, and how long companies can withstand pressure from losses and stagnated sales remains to be seen.

Adore Me, a Certified B Corporation and a direct-to-consumer intimate apparel brand, has partnered with the MAS Foundation for Change, the non-profit arm of South Asian apparel tech conglomerate MAS Holdings, to support its mangrove restoration project in Sri Lanka.

Sri Lanka is a mangrove hotspot, but 50% of the island's mangroves have been destroyed by various activities, including farming, tourism, settlement, and pollution. The MAS Foundation for Change, which aims to tackle social and environmental challenges, has identified mangrove restoration as an important step towards improving biological diversity in coastal areas.

Adore Me's contribution to the project is another reflection of the company's commitment to sustainability and environmental responsibility. Adore Me hopes to raise awareness about the importance of preserving and restoring mangrove forests in Sri Lanka and around the world.

The mangrove restoration project will continue until December 2025, with Adore Me sponsoring the replantation of over 2,500 mangrove seedlings in Sri Lanka's Eastern Province.

The global athleisure market is set to reach USD 330.99 billion by 2022, growing at a CAGR of 9.5% from 2023 to 2030. The rise in health awareness and fitness activities, along with the increased adoption of casual wear in daily life, has propelled the growth of the athleisure market, according to a recent report by Reliable Business Insights.

One of the main findings is the emergence of sustainable and eco-friendly athleisure wear. Consumers are increasingly concerned about the environmental impact of their purchases and are looking for sustainable options. Another trend highlighted in the report is the rising popularity of online channels for athleisure purchases. With the COVID-19 pandemic accelerating the shift to online shopping, e-commerce platforms have become essential for the athleisure market's growth.

It is found an increasing demand for customization and personalization of products, with consumers seeking unique and tailored pieces. To meet this demand, athleisure brands are exploring new technologies to personalize their products, such as 3D printing and digital design tools.

There are opportunities of collaborations and partnerships between athleisure brands and technology companies to create innovative and sustainable products.

India's e-commerce market is rapidly expanding, with over 125 million online shoppers added in the past three years and another 80 million expected to join by 2025, according to a report by Kantar.

The growth is being driven by affordable smartphones and low-cost data plans, with major retail and consumer goods makers investing more in the online space. India has over 530 million active social media users, of which 52% are millennials, and the number is projected to reach 600 million by 2025. Social media is expected to boost e-commerce sales, with 77 million shoppers purchasing from social platforms in 2021.

The country is on track to have 900 million internet users by 2025 and leads in digital ad spending at 22%, ahead of the UK, US, Australia, France, and China. The report also highlights India's D2C ecosystem as being at an "inflection point," with D2C brands generating $4 billion in FY2022 and an addressable market size predicted to exceed $100 billion by 2025.

HanesBrands Inc., a global leader in iconic apparel brands, has released its 2022 Sustainability Summary Report, highlighting significant accomplishments in the areas of People, Planet, and Product. The company has set ambitious sustainability goals, and the report outlines its progress in achieving them.

In terms of People, HanesBrands aims to improve the lives of at least 10 million people through diversity and inclusion, workplace equality, health and wellness, education, and community-improvement philanthropy.

The report indicates that the company has made progress in this area, with 2.7 million lives impacted by HanesBrands’ philanthropic initiatives and associate and community programs. The company has also provided 8.5 million pieces of essential clothing to people in need and achieved a 50% representation of women in senior manager and above positions in the U.S.

Regarding the Planet, HanesBrands has set science-based targets to significantly reduce greenhouse gas emissions, reduce energy and water use by 25%, move to 100% renewable electricity, and take landfill waste to zero.

The report shows that the company has made progress towards these targets, with a 30% reduction in Scope 1 and 2 emissions and a 92% waste diversion from landfill. Additionally, almost 50% of the electricity the company consumes is from renewable sources.

For its Product goals, HanesBrands aims to use 100% recycled/biodegradable polyester and sustainably sourced cotton, reduce packaging weight by 25%, and eliminate single-use plastics. The report indicates that the company has made progress in these areas as well, with 70% of cotton used being sustainably grown, and projects implemented to reduce single-use plastic by 34% and packaging weight by 11%.

HanesBrands has also launched its “I’m In” global associate sustainability campaign to encourage associates to do simple things to create major change. The campaign is designed to further strengthen HanesBrands’ impact on improving the environment and fostering engagement among its internal teams to help create a more comfortable world for everybody.

With more than 50,000 associates around the world, the company hopes to make a significant impact in achieving its sustainability goals.

The global insect repellent apparel market, to expand at a CAGR of 6.2% and will attain a valuation of US$ 550 Mn during the forecast period of 2021-2031, according to a report by Transparency Market Research.

The growth is being driven by the rising incidence of insect-borne diseases, such as malaria, dengue fever, and Zika virus. The increasing demand for outdoor recreational activities, such as camping, hiking, and sports, is also driving the growth of this market.

Insect repellent apparel refers to clothing designed to protect individuals from insect bites and the diseases they can transmit. This type of clothing is treated with insect repellent chemicals that repel insects, such as mosquitoes, ticks, and other biting insects.