The global market for Polyester Staple Fibers (PSF) is projected to grow at 5.2 per cent CAGR over 2020-2027 to reach a revised size of $37.7 billion by 2027. This was stated in the report tilted “Polyester Staple Fibers (PSF) – Global Market Trajectory & Analytics” by ResearchAndMarkets.com

As per Textile Focus, the apparel segment is projected to record a 5.9 per cent CAGR and reach $18.9 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the home furnishing segment is readjusted to a revised 5 per cent CAGR for the next 7-year period.

World`s second largest economy, China is forecast to reach a projected market size of $7.9 billion by the year 2027 trailing a CAGR of 8 per cent over the analysis period 2020 to 2027.Other noteworthy geographic markets including Japan and Canada are forecast to each grow at 2.8 per cent and 4.7 per cent respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.2 per cent CAGR.

Mahlo plans to participate in the second virtual edition of the Innovative Textile and Apparel Show featuring textile machinery experts from across the world. The Bavarian machine builder will present process optimization in a digital environment. Its exhibits will include process control systems such as the Patcontrol PCS for pattern recognition and the Famacont PMC for controlling weft and stitch course density also contribute to high-quality textile production and finishing. Mahlo aims to support manufacturers in optimizing their production processes and thus also the end product in a cost-efficient way.

Mahlo will focus on the Qualiscan QMS quality measurement system. The modularly designed system, which consists of sensors and measuring frames, measures, logs and controls critical parameters such as basis weight, moisture or layer thickness across the entire fabric width. Depending on the application and task, different measuring methods are used for this purpose.

Currently estimated to be worth 52.5 million tonne, the global spun yarn market is projected to grow at 2 per cent CAGR to reach a revised size of 59.3 million tonne by 2026.

As per a Textile Intelligence report, Cotton, one of the segments analyzed in the report, is projected to record a 1.9 per centCAGR and reach 34.8 million tonne by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the polyester segment is readjusted to a revised 2.5 per cent CAGR for the next seven-year period. These are the findings of a new study released by StrategyR.

The spun yarn market in the US is estimated at 14.5 million tonne in the year 2021. World`s second largest economy China is forecast to reach a projected market size of 11.3 million tonne by the year 2026 trailing a CAGR of 3.8 per cent over the analysis period. Other noteworthy geographic markets such as Japan and Canada are forecast to grow at 0.3 per centand 1.4 per cent respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.8 per cent CAGR.

adidas has decided to launch an additional share buyback program. Starting on October 18, 2021, the company plans to buy back shares worth € 450 million until the end of the year. Taking into consideration the share buyback completed at the end of September, adidas will buy back shares in a total amount of € 1 billion in 2021. Including the dividend payment of € 585 million in May, the company will return nearly € 1.6 billion to its shareholders this year.

adidas’ new strategy, ‘Own the Game,’ s expected to generate substantial cumulative free cash flow until 2025. The company plans to share the majority of it – between € 8 and € 9 billion – with its shareholders through dividend pay-outs as well as through share buybacks. In this context, adidas had launched a share buyback program in July which was completed successfully at the end of September. Between July 1 and September 30, 2021, the company bought back 1,851,522 shares for a total amount of € 550 million.

Cotton yarn imports of China in Augustincreased by 7.9 per cent to reach 168.9kt and up 0.8 per cent on the month. As per a CCF Group report, imports amounted to about 1,400kt cumulatively in January-August increasing by 22.6 per cent year on year, and 3.6 per cent from the same period of 2019.

According to export data of foreign markets in August,cotton yarn exports of Vietnam saw a small decrease on the month partly because the pandemic delayed the export. The control and prevention measures in southern zone surrounding Ho Chi Minh have been eased, but the spinners still ran at low rate amid severe pandemic. On the other hand, orders of mills in central and southern zones performed well. Therefore, overall exports to China did not slump and remained relatively stable. In Sep, this situation may sustain. Cotton yarn exports of Pakistan in Aug increased. They were ordered in Jul when the buying sentiment of siro-spun yarn in China was mild. Sep arrivals to China are expected to increase further. Aug arrivals from India and Uzbekistan have not been released, but looking from yarn and apparel exports, India’s Aug exports is assessed to decline slightly on the month and Uzbekistan’s may remain stably upward. It is initially estimated that cotton yarn imports of China in Sep from Vietnam is at 69kt; from Pakistan 23kt, from India 25kt, from Uzbekistan 25kt and from other regions 25kt.

Arrivals of cotton yarn imports of China in September declined, and the sales were reported to be slow. The traditional peak season did not show bullish sentiment it should have been. On the contrary, downstream operating rate slid sharply weighed by dual control on energy consumption and electricity restriction. Cotton yarn was sold slowly and traders lowered prices with upset mindset. However, looking from the inventory, structural issues were relieved.

Italian fashion brand, Benetton plans to increase its sourcing of readymade garments (RMG) from Bangladesh.

At a meeting with Faruque Hassan, President, BGMEA, Monica Joshi, Head - Operations at Benetton Asia Pacific, said her company would source an increased volume of apparels from the local factories.

Highlighting the industry's capacity, Hassan emphasized on the industry's increased focus on diversification of products, especially non-cotton and high-end segments.

He requested Benetton to support and collaborate with their suppliers in Bangladesh to build their capacities in manufacturing apparel products having higher market demand.

He assured Benetton of all-out support from the BGMEA to expand its suppliers' base and increase sourcing volume in Bangladesh.

Hassan also pointed out that increased prices of yarn, chemicals and other raw materials in the global supply chain have pushed up manufacturing costs of apparels.

In such context, he underscored the need for justified pricing and more empathy towards supply chain partners to make the supply chain sustainable.

IKEA Foundation has partnered with Enviu and Circular Apparel Innovation Factory (CAIF) for building a new circular textile waste model in India.

Under the partnership, Ikea Foundation would fund the initial and seeding phase of the five-year project in which Enviu and CAIF, together, will build capacities and impart skill training to waste workers, and build successful circular enterprises to reclaim value from textile waste.

This will help recover and reclaim value from textiles waste while unlocking green jobs for the waste workers who are one of the most vulnerable and underserved communities, said a joint statement.

The five-year project has taken on the ambitious mission of creating more than 5000 green jobs while saving at least 20 million kilos of textiles waste from ending up in landfills by 2026.

Swedish home furnishings big box chain Ikea and fashion industry giant H&M have teamed up to explore the potential and challenges in using recycled textiles to meet their 2030 sustainability targets. The companies collaborated on a new databank to help improve efforts.

The companies first teamed up in 2019 with a study looking at the chemical content in recycled textiles and begin to strategically increase knowledge in order to shift the industry to more sustainable practices. That research project was also joined by Adidas, GAP, and PCH Corp., among others.

The research looked at post-consumer materials including cotton, wool, and polyester. The samples were ranked across more than 70,000 data points, with 2.5 percent showing “undesirable detections” of chemicals.

According to the findings, nearly all wool samples showed at least one of the AFIRM restricted substances (Apparel and Footwear International Restricted Substances List Management).Now, the companies say they are using the findings to support policy initiatives that would allow for recycling of textiles deemed most likely to be safe. The brands are also working to ensure brands have access to methodology and tools to restrict dangerous chemical-containing textiles.

Both Ikea and H&M Group have been hard at work to reduce their emissions and increase sustainability initiatives. IKEA has set a 2030 deadline to ensure 100 percent of its products are 100 percent circular by only using renewable or recycled materials. It has also embraced the shift away from meat in its cafes and markets, with the goal of making 50 percent of its menus plant-based by 2025.

H&M continues to offer collections featuring sustainable materials. Last month the retailer was named the Global Compact LEAD as part of the United Nations Global Compact and its Ten Principles for responsible business.

Kingpins24 will return this yearfrom October 19-21, 2021. Running in digital format, the event will focus on denim innovation and technology from the global denim market.

Each of the three days of the show will focus on discussions on a different topic and will collect different speakers, in addition to Andrew Olah, and Vivien Wang, Kingpins’ founder and show managing director, respectively, moderating the whole three-day round-up.

The Inspiration Day on October 19 will present all the newest trends and developments, from The Lycra Company, Tencel, BCT Denim, Cradle 2 Cradle Product Innovation Institute and Denim Dude’s Amy Leverton, among others. Also part of the day will be a series of presentations about the Indigo Museum Collaboration Project.

October 20 will be the Innovation & Technology Day, featuring some of the most interesting achievements within the industry. Participants will include AGI Denim, Tonello, Covolan Denim, Bossa, Artistic Fabric Mills, The Lycra Company, OrtaAnadolu, Rudolf Hub 1922, Isko, Siddiqson, Tencel, Naveena Denim Mills, Wiser Tech and Iskur Denim.

October 21 will be the Earth Day and will disclose the newest industry progress aimed to protect the environment. The program will host, among others, Diamond Denim, Officina +39, Bossa, Denim Clothing Company, Advance Denim, Crescent Bahumann, Arvind Limited, Calik Denim, Raymond UCO Denim, Cone Denim, 7 For All Mankind and Sapphire Textile Mills.

Rebound in third-quarter earnings has encouraged German fashion retailer Hugo Boss to raise its outlook for the current year. The retailer’s third-quarter earnings rebounded above pre-pandemic levels on the back of strong demand in Europe and the Americas.

The group now expects sales to grow by about 40 per cent in 2021 on a currency-adjusted level, up from a previous target growth range of 30-35 per cent. Operating profit (EBIT) is now seen at €175 million to €200 million ($203-232 million), compared with a previous forecast for €125 million to €175 million.

While noting a strong business recovery in Europe and the Americas, "renewed COVID-19 related restrictions, including temporary store closures, weighed on consumer sentiment in various key markets" in the Asia/Pacific region.

Third-quarter sales and EBIT stood at 755 million euros and 85 million, respectively, which represents a rise not only compared with the past year but also with regard to 2019, before the COVID-19 pandemic hit the sector, Hugo Boss said.