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Global apparel markets: business update, November 2022

Publisher Textiles Intelligence
Published Nov 01, 2022
Length 14 Pages
SKU # TXI17540083

Description

Global apparel markets: business update, November 2022

This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; circularity; investments; joint ventures, cooperation, licensing and distribution; market forecasts; and new facilities. Brands, companies, other organisations and initiatives featured in this report include: Archroma; CleanKore; Epic Group; the European Apparel and Textile Confederation (Euratex); Fashion for Good; Inditex; Indorama Ventures (IVL); Infinited Fiber Company; Polybion; Recover; Stony Creek Colors; and Sysav.

Table of Contents

14 Pages
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Indorama Ventures (IVL) has acquired the yarn division of Tollegno 1900
CIRCULARITY
Epic Group and CleanKore have entered into a joint venture agreement to scale up
CleanKore’s patented yarn dyeing technology
Euratex has launched an initiative called ReHubs which aims to recycle 2.5 mn tons of textile waste a year by 2030
Fashion for Good has launched a new pilot operation, called Sorting for Circularity Project, which relates to the recycling of textile waste
INVESTMENTS
Infinited Fiber Company has secured more than Euro100 mn worth of investment from Inditex relating to the supply of Infinna Fibre
Polybion has secured US$4.4 mn worth of investment to scale up production of its Celium artificial leather material
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Archroma and Stony Creek Colors have signed a partnership agreement relating to the production of a plant-based indigo dye called IndiGold
Recover and Sysav have signed a partnership agreement relating to the recycling of post-consumer textile waste
MARKET FORECASTS
Consumer expenditure on clothing and footwear in the Americas is forecast to grow by 2.8% per annum between 2021 and 2026
NEW FACILITIES
Infinited Fiber Company has selected a site for a Euro400 mn facility for producing Infinna fibre
List of tables
Table 1: Americas: consumer expenditure on clothing and footwear, selected markets, 2017-26
List of figures
Figure 1: Clothing from the Infinited Fiber x Zara collection

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