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Karanj textile park inaugurated in south Gujarat
Surat could play a pivotal role in VisionNXT, a trend forecasting initiative of the government to create an indigenous fashion forecasting service, textiles minister Smriti Irani said inaugurating the Rs 300-crore Karanj Textile Park in Mandvi taluka in south Gujarat recently.
Antimicrobial market growing at 7.4%
The antimicrobial textiles market is estimated to be valued at $527.9 million in 2016 and is projected to reach $1,076.1 million by 2026, at a CAGR of 7.4 per cent from 2016 to 2026, according to the latest report published by ReportBuyer.
Cotton prices may fall
The International Cotton Advisotry Committee (ICAC) Secretariat forecasts that the season-average Cotlook A Index in 2016/17 will range between 66 and 83 cts/lb, with a midpoint of 74 cts/lb, which would be 4 cts/lb higher than last season.
India to export more cotton?
The US Department of Agriculture (USDA) has raised India’s cotton export forecast in April 2016 on account of increased demand form Pakistan. India’s exports are boosted 250,000 bales to 5.8 million on strong demand, especially from Pakistan, USDA said in its latest report. “Strong textile exports, especially of apparel and bed wear, have forced Pakistan’s textile sector to look to imported cotton, especially from India, to make up for a significantly smaller crop,” according to the report.
20% growth forecast for technical textiles in India
While the global market size of the TT sector was estimated to be $104,000 million in 2010, this sector is still in nascent stages in India. TT offer several advantages in their functional aspects for improving health and safety, cost effectiveness, and durability and strength of textile material. These performance-enhancement products are applicable in the protective clothing, agriculture, medical, infrastructure development, automotive, aerospace, sports, and packaging sectors.
8% rise likely in global cotton output in 2016-17
Cotton Outlook continues to forecast raw cotton production in 2016/17 at 22,748,000 tonnes, representing an increase of eight percent on the previous period. Cotton area is expected to increase modestly and a repeat of the current season’s reduction to yields is not foreseen. Global consumption is also unchanged, at 23,317,000, just 1.4 percent higher than in 2015/16.
US textile chemicals market to exceed $2.6 bn
Textile chemicals are used to impart desired properties such as strength, colour, flame protection, etc. to fabric. These chemicals are broadly divided in two categories: auxiliaries and colourants. Textile auxiliaries are the chemicals used during each and every step of textile manufacturing process so as to provide certain characteristics to fabric, whereas colourants are used to impart colour to the textile products.