FW
Textile Auxiliaries market expects to clock in good growth by 2024. The global textile auxiliaries market can be segmented based on type, application, process type, and geography. Based on application, the textile auxiliaries market can be segregated into apparels, automotive textiles, geotextiles, home furnishing, industrial textiles, smart textiles for military and defense.
In terms of process type, the global textile auxiliaries market can be classified into pre-treatment, finishing, and dyeing and printing. The pre-treatment process prepares the fabric for finishing and dyeing. Most textile auxiliaries are used during this process. Ability of textile auxiliaries to improve the durability of fabric during the pre-treatment process is anticipated to propel their consumption in the pre-treatment processing stage of fabric during the forecast period.
Based on geography, the global textile auxiliaries market can be divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Textile auxiliary is a group of textile chemicals used for various functions at different stages of textile processing. Textile auxiliaries are employed during textile processing to increase durability and esthetic appeal of textile products.
Italy hopes to benefit from CETA, the free trade agreement between Canada and the EU. The agreement aims to promote international trade while safeguarding Europe's high quality standards, complying with product origin regulations and protecting trademarks. The deal took seven years of discussion to finalise.
Italy feels CETA would contribute to bolstering Italy’s current economic growth, which is still weak. The Italian sectors which are expected to benefit the most include fashion, footwear, food, furniture and industrial machinery.
The Canada-European Union CETA (Comprehensive Economic and Trade Agreement) will create jobs, strengthen economic relations and boost Canada's trade with the world’s second largest market. It can increase Canadian-EU trade by 20 per cent.
CETA is a progressive free trade agreement which covers virtually all sectors and aspects of Canada-EU trade in order to eliminate or reduce barriers. At one time, only 25 per cent of EU tariff lines on Canadian goods were duty-free. With CETA, the EU will remove tariffs on 98 per cent of its tariff lines. Once CETA is fully implemented, the EU will have eliminated tariffs on 99 per cent of its tariff lines. But the full agreement is years off with regional and national parliaments needed to green light the agreement.
Britain has assured Bangladeshi exporters of duty-free access to its markets post Brexit. Exporters, especially apparel manufacturers, retailers and buyers, feared that with Brexit, Bangladesh would have to pay taxes for exporting goods to the UK.
Britain has announced once it leaves the EU it would continue to provide duty-free access to nearly 50 developing countries, including Bangladesh, Sierra Leone and Haiti, and that it has a commitment to help developing countries grow their economies and reduce poverty through trade.
The UK is the third largest single export destination for Bangladesh. From July to May of the current fiscal year, Bangladesh’s exports to the UK fell by 5.61 per cent. The UK currently imports around £20 billion a year from developing nations, including Bangladesh. In the 2015-16 fiscal year, Bangladesh earned $3.80 billion in exports to the UK, of which a lion’s share, about $3.52 billion, came from the readymade garment sector. However, there is still a lingering fear that grants or development funds from the UK will diminish as it will have to bear the expenses of executing the Brexit process.
Bangladesh would have to pay £24,79,76 thousand in tariffs to UK customs if it stopped enjoying trade benefits from the UK after the execution of Brexit.
The market for hard luxury product is segmented on the basis of mode of distribution channel used for offering products to consumers. Luxury goods comprises accessories, footwear, apparel, watches and other high end items and targeted at premium consumers. The market for luxury goods sees three types of consumers, which include kids between 0-12 years, teenagers 13 to 19 years and the rest in adult group. Luxury goods market can also be segmented on the basis of application which includes soft luxury and hard luxury. Soft luxury goods include designer apparels and leather goods such as hand bags and others, which are easily available in hypermarket stores or directly operative outlet. Where as hard luxury goods comprise jewellery and premium watches. The hard luxury goods are offered to consumers through premium outlets, or sold through internet.
Because of consumer convenience, preferences and availability of products at lower price online retailing is expected to be the most preferred mode of distribution in the forecasted period. Besides, the second most preferred mode is expected to be company’s brand retail outlets as they provide better offerings at less price.
Globally, demand for hard luxury goods is increasing and is expected to account for fastest CAGR growth as compared to other regions. Expanding middle class coupled with the need for premium class products are the key drivers of hard luxury goods in ASEAN region. Furthermore, wide varieties of product offerings in each segments and continuous innovation and product launch is expected to influence consumers in ASEAN region to fuel market growth of hard luxury goods in the forecasted period.
However, the market possess some restraining factors as consumers perceives these products as expensive and also it is considered as a premium class product and not an absolute necessity.
Adobe’s first Digital Price Index (DPI) identifies tremendous choice, volume and velocity in the online apparel category. Nearly half of the 7,000 new apparel products that appear online each day are targeted at women (3,150), while one-quarter (1,750) target men and the rest are aimed at children, babies and footwear. Nearly one-third (30.8 per cent) of all spending on women's clothing went toward products that are one month old or less, while 18 per cent of spending on men's apparel was for items that were one month old or less.
May apparel data show prices for apparel online dropped faster than offline. The DPI found 4.3 per cent year-over-year price deflation in May. Data also points to the biggest discounts for the highest and lowest priced apparel online. High-end apparel, the top 25 per cent most expensive items online, shows a 5.5 per cent drop in prices year over year while low-end apparel, the lowest 25 per cent, saw prices decrease by 7.5 per cent over the same time period. The middle 50 per cent of apparel shows minimal deflation from the year prior.
Apparel sold online is clearly developed with a specific velocity in mind, and an incredibly high turnover rate, compared to other categories.
Research and Markets has announced the addition of the "Global Yoga Apparel Market 2017-2021" report to its offering.The analysts forecast the global yoga apparel market to grow at a CAGR of 3.16 percent during the period 2017-2021.
Global Yoga Apparel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is technological advances in product features. The manufacturers of yoga apparel are continuously looking to improve the technology and features of the product to achieve higher customer satisfaction. The consumers of yoga apparel analyze the quality of the products on various parameters.
According to the report, one driver in the market is rise in the popularity of yoga. Yoga is one of the ancient forms of workout and meditation that originated in India. In recent years, yoga has gained a significant popularity globally, especially in North America. The popularity of yoga in the United States and Canada is continuously increasing. The region exhibited a significant acceptance of yoga in recent years.
Further, the report states that one challenge in the market is volatility in raw material cost. In the present market scenario, fitness wear manufacturers are experiencing fluctuations in their profit margins. This is due to the fluctuating prices of raw materials and the increasing competition among vendor. An influx of local players has been observed in recent times because the establishment costs are low.
WRAP has produced a Sustainable Clothing Guide to share best practice on how to design, produce, and sell sustainable clothing. The charity is looking to encourage designers and technologists within brands and retailers to use the guide to embed durability in products by making them last longer and so they can easily be repaired and reused.
Extending the life of clothes by nine months of active use would reduce carbon, water & waste footprints by 4-10 per cent estimated by WRAP. A number of cases studies illustrate how small changes can make a difference. Those involved include ASOS, COS, John Lewis, New Look and Ted Baker.
The Textile Recycling Association was involved in the guide through WRAP’s work on the Sustainable Clothing Action Plan. Director Alan Wheeler says that it was generally believed that 80 per cent of a product’s environmental impact is decided at its design stage and this was more or less true for clothing.
There is a need to sell more clothing that is better quality and that is more durable to improve the overall sustainability of the clothing supply chain, being physically durable it needs to have emotional durability as well.
He further stated that there was no point having an item made to last but then going out of fashion so quickly that it sits in a cupboard for several years before being discarded. A well-designed garment would take into consideration how easily it can be recycled after it can no longer be reused.
Textile Exchange has released a Quick Guide to Organic Cotton, which gives an overview of the positive environmental benefits of organic cotton, in a bid to kick-start the growth and adoption of organic cotton by apparel retailers and brands. Textile Exchange (TE) has also published a series of frequently asked questions, with answers that claim organic cotton is the preferred fibre to choose.
Launching the new publication on organic cotton, TE managing director La Rhea Pepper, noted that the Quick Guide to Organic Cotton, highlights the benefit of organic production as a pathway to restorative, resilient and regenerative landscapes and communities and cotton production has evolved over the last 15 years and greater awareness of the health, economic and environmental benefits of organic farming practices by farmers and buyers has influenced corresponding improvements in many cotton production systems, including the input intensive practices of chemically grown cotton.
TE, has claimed the adoption of preferred cotton production methods grew to represent 8.6 per cent of the total cotton market in the 2016. But, as per Textile Exchange, organic cotton continues to have the lowest environmental impact. It is assumed that yields of conventionally grown agricultural systems are higher than organic systems of production. However, Carl Pepper, an organic cotton farmer in Texas, noted that farm 4,000 acres of organic cotton in the middle of the world’s largest cotton patch.
The guide also tackles the issue of water use in cotton agriculture. Typically, it’s suggested that cotton production, organic or conventional automatically requires huge amounts of water. But, Textile Exchange says it is “the geographical location of the cotton production that dictates the environmental impact of cotton production on water usage,” claiming conventional cotton production uses more water than organic cotton production, pointing to a Life Cycle Assessment that claims organic cotton production for an average t-shirt would use 1,982 gallons less than a shirt made with conventional cotton.
An upcoming meeting of the Preferred Fibre Working Group, in partnership with the Organic Cotton Round Table, is being held at the annual Textile Sustainability Conference, which begins on 9 October in Washington D.C.
For the larger benefit of the Indian textile sector under the new GST regimethe Federation of Gujarat Weavers Welfare Association (FOGWWA) has demanded that the central government should implement fiber policy for all types of fibers to attract the same duty.
A memorandum was submitted by FOGWWA to district collector Mahendra Patel on Friday with a slew of demands, including implementation of fiber policy, refund of accumulated GST credit, no GST on all types of job work required to manufacture grey fabric by the powerloom weavers, lowering GST on yarn at 5 per cent or 12 per cent and imposing extra duty on the imported fabrics.
FOGWWA office-bearers says that the inverted duty structure will increase the cost of fabric. The weaving job-work is done by the small units. Around 70 per cent of the units in the decentralized textile sector are working on job-work. The 18 per cent GST on job-work will force the small units to down the shutters as the cost of fabric will increase compared to the fabric manufactured in composite units.A huge number of powerloom units are engaged in job-work, there will be high job losses in the industry.
President of FOGWWA, Ashok Jirawala states that they are not opposed to GST, but there is a need of simplification of the tax in the sector. According to him there should be a uniform duty in the textile and the government should not treat the MMF sector as a step baby. Jariwala further added, that they will be visiting Gandhinagar on Tuesday to seek support from the opposition parties to help the MMF sector. With just few days to go, the sector needs clarity on the GST rates. The industry can't survive with 18 per cent and 5 per cent rates.
Cone Denim is excited to celebrate the 10-year anniversary of its revolutionary S GENE technology, developed and first introduced by Cone Denim in 2007. The advancement of this performance technology has included Level II S GENE introduced in 2015 and the latest and most advanced power stretch denim incorporating S GENE yarns introduced this year, representing the latest evolution of the S GENE dual-core stretch yarn technology.
S GENE and denim fabrics feature exceptional stretch and recovery performance along with the added benefit of increased strength. Additionally, the polyester component of the newest S GENE and yarns is 100 per cent recycled, making for the most sustainable superior stretch Cone Denim fabric yet. S GENE innovation was the first of its kind, originally introducing S GENE denim fabrics in 2007. S GENE yarn with dual core technology is designed to provide superior stretch and recovery.
“This year we are launching S GENE+ in celebration of the technology’s 10-year anniversary. This newest stretch innovation brings sustainability to stretch. We are committed to developing S GENE denims using 100 per cent recycled polyester content, offering a new level of eco-conscious denim to the marketplace” said company’s spokes person.
Other S GENE innovations include CONEFLEXTM denim utilizing S GENE technology. These denims feature stretch yarns in the warp and the weft providing 360-degree, four-way advanced stretch. CONEFLEX fabrics have low shrinkage, excellent recovery and give garments better shape retention across multiple fits, all with the authentic look and feel of traditional 100% cotton denim.
