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Profitability of the polyester filament yarn (PFY) sector is expected to improve in 2025 as the production capacity of direct-spun PFY will grow by 3.5 per cent to 1.82 million tons.
Additionally, favorable dynamics in polyester raw materials like PX and MEG, along with stable oil prices and limited RMB depreciation will help prevent significant inventory devaluation.
While a potential US-China trade war 2.0 may shift export demand, China’s cost and scale advantage in polyester will cause orders to shift to exports of raw or semi-finished goods, impacting downstream profits but sustaining upstream stability.
In 2024, the profitability of polyester filament yarn remained challenged due an 8.4 per cent rise in production. Higher operating rates, especially during the Spring Festival, added 1.5 million tons, while 2023’s capacity expansion operated at full capacity, contributing over 4 million tons.
Falling oil and polyester raw material prices devalued PFY inventories significantly during the year, slashing prices by 1,400 yuan/mt. Fixed-price policies briefly improved margins but led to higher inventories, exacerbating losses during the price collapse.
However, since mid-December, the polyester filament yarn (PFY) market has been showing a strong performance, with inventory levels dropping to their lowest in 2024. Two key factors have been driving this improvement: better downstream demand in December compared to November and a steep drop in PFY prices, which encouraged bulk purchases by buyers.
With reduced inventories, PFY prices have rebounded by 500–600 yuan/mt, restoring profitability. Margins for conventional products like POY150D/48F have recovered to 200–300 yuan/mt.
Iluna Group's strategy is deeply inspired by Lavoisier's famous law, guiding its creative process with an emphasis on transformation over creation. Federica Annovazzi, Creative Director of Iluna, explains that today’s true artistry lies in reimagining what already exists. She believes that innovation stems from refining processes, with a focus on sustainable, conscious, and culturally significant transformations in design.
For Summer 2025, Iluna introduces three key creative moods: Simpleness, Essences, and Divine. Simpleness celebrates the beauty found in everyday life, inspired by Ken Scott’s floral maximalism, which comes to life in intricate laces. Essences reflects the timeless purity of water, symbolizing fluidity and evolution, drawing inspiration from Iris Van Herpen's sensory and movement-driven design. Finally, Divine invokes Eastern spirituality through delicate flowers, blending botany and luxury fashion, inspired by Guo Pei’s artistic fusion of Chinese imperial style and European fashion.
Iluna Group, a pioneer in sustainability, has been committed to environmental responsibility since 2018 with its Green Label range. The company ensures full control over its production chain, from polymer to finished lace, with transparency and traceability through the Higgs Index. Its share of sustainable production has risen from 3 per cent in 2018 to over 50 per cent in 2022.
In total, Iluna has produced 7.5 million meters of Green Label lace, saving significant water resources. Innovations include GRS-certified Lurex nets, special finishes like printing and flocking, and eco-friendly materials such as organic cotton and Roica EF, reinforcing the company’s dedication to sustainability and responsible innovation.
Apparel exports from India recorded a significant 12.9 per cent growth in December 2024 compared to the same month last year, according to Sudhir Sekhri, Chairman of the Apparel Export Promotion Council (AEPC). He highlighted that the sector has maintained robust growth over the past six months despite global challenges and subdued demand from major markets.
Sekhri emphasized that this is an opportune time for India to strengthen its global footprint by entering new markets and leveraging platforms like Bharat Tex 2025. The upcoming expo will facilitate new business alliances, expand sourcing networks, and promote Foreign Direct Investment (FDI) in the Indian textile sector.
From April to December 2024-25, ready-made garment (RMG) exports totaled $11,316.2 million, marking an 11.6 per cent increase compared to the previous year. India also achieved impressive growth in key markets: 14.3 per cent in the USA, 8.1 per cent in the UK, 9 per cent in Germany, 20.7 per cent in Spain, and 33.6 per cent in the Netherlands. Notably, exports to free trade agreement (FTA) markets like Korea (22.7 per cent), Japan (9 per cent), Australia (9.8 per cent), and Mauritius (16.6 per cent) also surged.
Sekhri attributed this success to improved product acceptance, compliance-focused factories, and industry-friendly government policies. He expressed optimism about the long-term outlook for Indian apparel exports, driven by adaptability to changing consumer trends and innovation.
Bharat Tex 2025 promises to be a vibrant platform showcasing the synergy of sustainability, global branding, and innovation, enabling the industry to scale greater heights.
The polypropylene yarn market is evolving rapidly, driven by growing demand for sustainable and high-performance textiles. With the industry focusing on cost efficiency and cutting-edge fibre technologies, advancements in polypropylene and functional yarns are at the forefront. Yarn Expo Spring, taking place from 11–13 March 2025 at the National Exhibition and Convention Center in Shanghai, will serve as a platform to showcase these innovations.
Sustainability, smart materials, and advanced manufacturing processes have made functional textiles more durable and versatile. Polypropylene (PP) yarn is widely used in clothing, carpets, industrial textiles, geotextiles, and medical applications. As industries demand adaptable materials, the polypropylene yarn market is projected to reach $38.3 billion by 2037, growing at a CAGR of 5.7 per cent.
Asia-Pacific, led by China and India, dominates the polypropylene yarn market. China’s robust textile manufacturing sector positions it as a top producer and exporter. Yarn Expo Spring 2025 will highlight this leadership with exhibitors showcasing the latest innovations.
Notable participants include Guangdong Modern High-Tech Fiber Co Ltd, China’s top polypropylene filament manufacturer with an annual output exceeding 50,000 tons; Shandong Tengzhou Huamao Textile Ltd, known for high-tenacity PP yarn and fibres; and Qingdao Bangte Ecological Textile Technology Co Ltd, which develops green and functional fibres like Greenwarm with antiseptic properties. Taiwan’s Neshin Spinning Co Ltd and Suzhou Pure-fiber Textile Technology Co Ltd will also display advanced functional yarns.
Organised by Messe Frankfurt (HK) Ltd and CCPIT, Yarn Expo Spring runs alongside key industry events, offering exhibitors and buyers unmatched networking and business opportunities.
Being held at the International Convention City Bashundhara (ICCB) in Dhaka, from January 15-18, 2025, Dhaka Int’l Yarn and Fabric Show highlights cutting-edge technologies in textile and garment sectors.
Organized by CEMS-Global USA and CCPIT-Tex China, this event serves as a vital platform for industry professionals to explore innovations, establish partnerships, and engage with over 325 exhibitors from over 15 countries showcasing premium yarns, fabrics, trims, and accessories.
During the event, industry leaders called on the government to implement supportive policies to address challenges in the struggling textile and garment sectors. Mohammad Hatem, President, Bangladesh Knitwear Manufacturers and Exporters' Association (BKMEA), voiced concerns about the declining value addition in the knitwear sector, which has fallen from over 85 per cent to 50-60 per cent due to outdated government policies. Without immediate intervention, the sector’s challenges would deepen, Hatem warned.
He further criticized the government’s decision to reduce incentives following Bangladesh’s graduation from Least Developed Country (LDC) status. He contrasted this with India’s continued policy support for its ready-made garment (RMG) industry, which has helped attract foreign investment. Hatem urged the Bangladesh Investment Development Authority (BIDA) to take proactive measures to address these issues and foster a favorable investment environment. He also encouraged Chinese investors to consider Bangladesh’s textile sector.
Anwar Hossain, Vice Chairman, Export Promotion Bureau (EPB) and Administrator, Bangladesh Garment Manufacturers and Exporters Association (BGMEA), assured entrepreneurs that steps were being taken to resolve these issues. He expressed concern over rising gas prices, which are affecting business expansion and deterring foreign investment. Hossain emphasized the importance of creating a business-friendly climate and focusing on backward linkages and non-cotton goods production to prevent further declines in value addition.
Other key speakers at the event included Dewan Muhammad Humayun Kabir, BIDA, Song Yang, Commercial Consulate of China in Bangladesh, and Zhang Jian, Secretary, Chinese Embassy in Bangladesh.
The exposition proves to be crucial bridge between Bangladeshi manufacturers and international suppliers, fostering growth and collaboration in the global textile industry, affirms Meherun N. Islam, President and Group Managing Director, CEMS-Global.
Ekoten Textile, Europe’s premier knitting manufacturer and Turkey's top circular knit exporter, has expanded its production capabilities by integrating Karl Mayer technology. The Izmir-based industry leader, known for its daily output of 40 tonnes of premium fabrics, is entering the warp knitting sector with cutting-edge tricot machines.
The newly established warp knitting division began production in January 2025 at a state-of-the-art 10,000 square meters facility. This move aligns with Ekoten’s commitment to innovation and meeting the growing demand for advanced textiles, particularly in the activewear market, which now constitutes 70 per cent of its sales.
Renowned for supplying high-end brands like Decathlon, Lululemon, and Hugo Boss, Ekoten aims to provide comprehensive solutions, offering both circular and warp-knitted fabrics. With the addition of Karl Mayer’s HKS machines, the company is well-positioned to cater to the increasing demand for functional and technical textiles.
Ekoten’s R&D efforts are equally impressive, creating around 300 new fabric designs monthly. “While circular knitting has been our strength, warp knitting opens exciting opportunities for us,” said Bilge Cinar, development executive at Ekoten.
To ensure seamless integration, Ekoten’s team underwent extensive training at Karl Mayer facilities in Turkey and Germany. The partnership also benefits from Karl Mayer’s global infrastructure, including local support and expert guidance.
Ekoten’s warp-knitted fabrics will debut at Premiere Vision Paris in September 2025, with additional showcases in Munich and Portland. The company plans to scale its warp knitting operations, aiming to replicate its market leadership in circular knitting.
The Joint Apparel Association Forum (JAAF) has reiterated the need for targeted policy initiatives to help Sri Lanka capitalize on opportunities created by the geopolitical shifts in global apparel trade.
Emphasizing the stagnant growth of apparel export earnings over the past decade, JAAF highlighted the need for more strategic planning to enhance the country's competitiveness in the global market.
Yohan Lawerence, Secretary, JAAF, points out, Sri Lanka’s outdated policies have hindered its ability to capture and maintain valuable market shares amidst changing trade dynamics. The association is currently lobbying with the American Apparel and Footwear to secure Generalized System of Preferences (GSP) for Sri Lanka’s apparel products in the US.
The association aims to initially source raw materials and identify products meeting the criteria, informs Lawrence. He emphasized on the need to evaluate the markets and identify countries that require FTAs.
From January - November 2024, Sri Lanka’s apparel exports grew by 5.27 per cent Y-o-Yto $4.3 billion, compared to the same period in 2023. The country’s exports to the United States and the UK grew 6.25 per cent Y-o-Y and 9.37 per cent Y-o-Y respectively. Meanwhile, exports to the EU saw a slight increase of 0.04 per cent Y-o-Y while shipments to other markets also grew by 9.43 per cent Y-o-Y.
Driven by denim mills’ and manufacturers’ efforts to embrace regenerative agriculture, the global denim industry is making a significant shift toward regenerative cotton.
This transition is being accelerated by initiatives aimed at educating farmers, providing funding, and sourcing locally grown, traceable regenerative cotton. These efforts aim to create a more sustainable and resilient denim production process by focusing on soil health, carbon sequestration, and water conservation.
Some of the key mills leading this change include the Brazil-based Vicunha which has incorporated regenerative cotton into its product range through its Regen by Vicunha initiative. The mill has partnered with Scheffer, a leader in regenerative cotton production, and aims to produce 2 million meters of regenerative denim by 2025.
Similarly Pakistan-based Artistic Milliners is expanding its regenerative cotton program from 92 farmers in 2023 to 600 in 2024. The program focuses on regenerating ecosystems in Rahim Yar Khan, a region affected by chemical-based farming practices. The mill plans to increase its use of regenerative cotton from less than 2 per cent to 5 per cent over the next few years, with an emphasis on soil health, carbon emissions reduction, and biodiversity.
Pakistan-based Soorty launched the Soorty Regenagri Initiative in 2023, targeting 5,000 acre in South Punjab. The initiative focuses on sustainable practices like reducing chemical use, promoting biodiversity, and increasing female farmer participation. The brand’s regenerative cotton usage increased significantly in 2024, and it plans to continue expanding based on customer demand.
The global demand for regenerative cotton is growing despite the challenges faced by regenerative agriculture related to supply chain consistency, lead times, and cost. The denim industry’s shift towards regenerative cotton represents a growing commitment to sustainability, with mills and brands scaling up production and working together to promote long-term ecological restoration.
Globe Textiles (India) registered a 102.20 per cent Y-o-Y rise in its net profit to Rs 380.76 lakh during Q2, FY25 ended in September 2024 as compared to Rs 188.31 lakh in Q2, FY24 ended September 2023. The company’s revenue also increased by 35.12 per cent to Rs 15,019.77 lakh, during the quarter from Rs 11,115.74 lakh in the corresponding quarter of FY24.
A key factor behind the company’s growth was its recent acquisition of a 70 per cent stake in Globe Denwash, a leader in sustainable denim washing and finishing techniques. The acquisition significantly strengthened Globe Textiles’ position in international markets, especially in the UK, US, and Europe, where sustainability is a key focus.
Since its establishment in 1995, Globe Textiles (India) has become a leader in sourcing, manufacturing, and trading a wide range of textile and apparel products. The company excels at integrating every stage of production, from fiber to fashion.
Globe Textiles’ operational expertise stems from leveraging skilled personnel and quality resources to deliver innovative, customized products and services. Its diverse product portfolio includes man-made and natural fiber yarns, fabrics, accessories, home textiles, furnishings, and ready-made garments.
Driven by a commitment to quality, sustainability, and customer satisfaction, Globe Textiles continues to expand its presence in both domestic and international markets. This focus not only enhances its global competitiveness but also reinforces its reputation as a reliable and forward-thinking partner in the textile and apparel industry.
This year, Welspun is exhibiting its products in three booths at Heimtextil. Having revamped its booth design completely, Heimtextil is showcasing national brands including Disney, Charisma and Kate Shand in its main booth in Hall 12.0.
In its private-label offerings, Welspun highlights Grand Hotel, a brand expanding into the luxury home sector, and First Apartment, which targets first-time homeowners of all ages. Additionally, the company is also promoting its Recology range, which emphasizes sustainability and eco-friendly themes.
Welspun is also showcasing a range of beach products that highlight its advanced flatbed printing capabilities. The company has unveiled a proprietary AI tool called the Consumer Sentiment Analysis Dashboard to analyzes consumer sentiment across e-commerce platforms to help businesses identify opportunities and address gaps in the customer experience.
A second booth in Hall 12.0 features an innovative new concept called The White Space Lab by Welspun, while the booth in Hall 5.1 is dedicated to area rugs, carpet tiles, wall-to-wall flooring, and click-n-lock laminate flooring.
Welspun’s booths in Hall 12.0 are located at C21 and C28, and its Hall 5.1 booth is at B79.
