A new report published by research company Markets and Markets has suggested that the global healthcare fabrics market is set to grow to a value of US$12.9bn by 2022. The report details a forecast period of the next five years, stating that the market will grow at a compound annual growth rate (CAGR) of 6.4%. According to the report, there are a number of contributing factors as to why the market is set for such a strong period of growth. In 2017, the global industry was estimated to be wo

From the Belt and Road Initiative, a grand project spanning dozens of countries, to "BRICS Plus", a mechanism aiming to expand South-South cooperation, China has made concrete efforts for boosting global economic growth amid rising protectionism in the West, US experts say. China being responsible stakeholder The just-concluded summit of the BRICS, namely Brazil, Russia, India, China and South Africa,in Xiamen, China, highlights China's new initiative for adding new impetus for an open ec

The Union textiles ministry is learnt to have rejected a suggestion by the Jute Commissioner to lower the use of jute bags in 2017-18. The Jute Commissioner had recommended reducing the use of jute bags for food grains packaging by five per cent, from 90 per cent to 85 per cent, for this financial year. “In the ministry’s opinion, lowering the use of jute bags will lead to a crisis in the industry and it will cause an abrupt fall in raw jute prices. It is because the availability of raw j

Trading acti­vity on the cotton market remained brisk on Saturday as buyers went ahead with major deals to build stocks at prevailing prices. The undertone was strong and outlook remained bright. Spinners were at the forefront of the buying spree to meet their near future demand. As a result prices slightly moved higher on sustained demand. Internationally, reports of Hurricane Irma hitting Florida once again pushed New York cotton market prices higher. The US is already struggling wit

Most Chinese textile manufacturers are on a green drive tackling water risks and have initiated steps to shift to circular water management models, according to a new report based on an online survey conducted by Hong Kong-based non-profit organisation China Water Risk. About 72 per cent of the respondents see a benefit in moving into a circular economy. A circular economy is a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closi

Aurora Speciality Textiles Group, a leader in the finishing, coating, and dyeing of a broad spectrum of textile substrates, both woven and nonwoven, is set to display its next-generation custom-coating capabilities and products at Industrial Fabrics Association International (IFAI) expo, from September 26 to 29, 2017, in Louisiana, US, in booth A311. At IFAI Expo 2017, Aurora will showcase new products engineered to meet the evolving needs of the pressure sensitive tape, medical tape, indust

The United States consumed about 23.11 per cent of non-woven textile products exported by Indonesia’s Bali province in July, according to the country’s Central Statistics Agency (BPS). The products were worth $5.240 million. However, exports from Bali, primarily in textiles, declined by 15.87 per cent, or worth $988,739, in July compared to June. In July 2016, the province exported textiles worth $5.146 million,an Indonesian news agency reported quoting Bali BPS chairman Adi Nugroho. Textile

In 2017/18, world cotton production is projected to increase by 8% to 24.9 million tons due entirely to an 8% expansion in world cotton area to 31.7 million hectares, which is below the 20-year average of 32.7 million hectares. The world average yield is forecast at 785 kg/ha. India is expected to remain the world’s largest cotton producer in 2017/18 with output increasing by 6% to 6.1 million tons. After falling by 6% in 2016/17, China’s production is projected to rebound by 7% to 5.2 million t

Indian garment exporters not only maintained its per unit realization to the US market but also expanding its market share compared to other large garment exporting countries including China, Bangladesh and Vietnam who have been recording decline in their per unit realization to the US since the past three years. According to the data from the Office of Textiles and Apparel (OTEXA), USA, the average realization per square metre equivalent of apparels exported by India to the US has been in th

Indonesia is Cotton USA's fourth-largest market after China, Turkey and Mexico. Sales in Indonesia range between US$300 million and $600 million a year. This year, according to Cotton Council International (CCI), the export promotion arm of the National Cotton Council, a US industry association promoting the brand Cotton USA is eyeing a 3 percent increase in sales in Indonesia. CCI Indonesian representative Andy Do said that the target would be achieved by approaching consumers directly to pr