Latest news with #TextileIndustry
Yahoo
a day ago
- Business
- Yahoo
India waives customs duty on cotton imports to support textile sector
This waiver includes the elimination of a 5% Basic Customs Duty (BCD), a 5% Agriculture Infrastructure and Development Cess (AIDC), and a 10% Social Welfare Surcharge, which together constituted an 11% import duty on cotton. The Central Board of Indirect Taxes and Customs (CBIC) announced this decision with the expectation that it will reduce input costs throughout the textile value chain, including yarn, fabric, garments, and made-ups. The move is anticipated to provide relief to apparel and textile manufacturers and consumers. The exemption may be an advantage for US cotton producers and support India's clothing sector, which is bracing for tariffs close to 60% on its US exports starting later this month, according to Reuters. The textile industry has been advocating for the removal of import duties on cotton due to escalating domestic prices and supply constraints. The Indian government's decision to waive these duties aims to increase raw cotton availability in the domestic market, stabilise prices to curb inflation on textile products, enhance the export competitiveness of Indian textiles by reducing production costs, and protect small and medium-sized enterprises in the textile sector from price volatility, according to the Ministry of Textiles. This initiative is projected to positively impact domestic cotton prices and fortify the health of India's textile and apparel sector — a vital source of employment and exports. Textile associations have expressed their approval of this measure by the government, which exempts all varieties of cotton from an 11% import duty starting 19 August. Earlier this month (August), US President Donald Trump imposed additional tariffs on Indian products as a response to India's purchase of Russian oil, effectively doubling the total duty to 50% on Indian imports into the US from later this month. Prior to the tariff increase by Trump in April, Indian exports were subject to duties ranging from 0-5%, with some textile products facing tariffs between 9% and 13%, reported the news agency. "India waives customs duty on cotton imports to support textile sector" was originally created and published by Just Style, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
04-08-2025
- Business
- Fast Company
America can't afford to forget how to make things
In an age of convenience, global sourcing, and race-to-the-bottom pricing, 'Made in the USA' has too often become a quaint notion—a nostalgic footnote rather than a guiding principle. But for those of us in the business of making things here at home, that label still means something. In fact, it may be more important now than ever before. I lead Faribault Mill, a historic textile mill founded in 1865 in the town of Faribault, Minnesota. Over the past 160 years, our mill has outfitted pioneers heading west, supplied blankets to American troops, and woven itself into the fabric of American life. And like so many domestic manufacturers, we nearly lost it. By 2009, the mill had shut down. The looms were silent, the workforce gone, and the community left wondering what would come next. We chose revival. In 2011, a team of believers brought the mill back to life—not as a museum piece, but as a living, breathing example of what American manufacturing can still be: resilient, modern, and deeply rooted in purpose. We're now one of the last fully vertical textile mills in the United States, managing every step of production—from raw wool to finished product—all under one roof. It hasn't been easy, but it has been worth it. Why manufacturing still matters There's a fundamental misunderstanding in the way we talk about manufacturing in this country. Too often, it's reduced to a numbers game: labor costs, overseas pricing, efficiency. But what we lose in those calculations is what we risk giving up—control over our supply chains, the dignity of skilled work, and the ability to build resilience into our communities and economy. The pandemic was a wake-up call. When we couldn't access basic goods, from masks to semiconductors, we saw firsthand what happens when we outsource too much for too long. That fragility is not just inconvenient. It's dangerous. A nation that can't make its own goods has lost sovereignty over its own future. Domestic manufacturing is a strategic asset. And if we want to build a stronger, more equitable, more sustainable economy, we need to invest in it—urgently and intentionally. The real value of 'Made in USA' Manufacturing in America isn't the easy path. It requires more investment, higher labor costs, and deeper operational complexity. But the payoff is far greater than a quarterly return. At Faribault Mill, every blanket is touched by dozens of skilled artisans: spinning, dyeing, weaving, and finishing. This level of craftsmanship can't be replicated through offshoring. It's not just about quality, it's about integrity. Our supply chain is tight, our environmental footprint is smaller, and our jobs are local. Every dollar spent on a Faribault Mill product reverberates through the community, supporting families, trades, and our town. We've trained a new generation of textile workers while honoring legacy techniques passed down over decades. And we've created products that are not only beautiful and functional, but meaningful. Whether we're collaborating with heritage brands like Coach or cult favorites like Supreme, our goal is the same: to show what American-made can look like when it's done with vision and purpose. Change the conversation The biggest barrier to a manufacturing revival in this country isn't cost. It's mindset. We've trained consumers to expect cheap, fast, and disposable goods. We've defined value by what something costs, not by what it offers, not just in function, but in longevity, in sustainability, and in human impact. It's time to change that narrative. A Faribault Mill blanket will last for decades—it's an heirloom piece. Its raw materials are traceable, and its makers are paid fairly. That's value. And more and more, consumers are looking for brands that align with those values. But we need broader action—from business leaders willing to reinvest domestically, from policymakers who understand that smart industrial policy is a national advantage, and from consumers who see each purchase as a vote for the kind of economy they want to live in. A blueprint for the future Reviving Faribault Mill wasn't just about saving a company. It was about proving a point: that it's still possible to make things in America with care, pride, and purpose. We've invested in new equipment and product lines. We've built partnerships across industries. And we've done it all while staying rooted in the belief that American manufacturing isn't obsolete—it's essential. We are far from alone. Across the country, a new wave of makers, builders, and manufacturers are reimagining what industry can look like in the 21st century. But momentum isn't enough. If we want this movement to last, we need to embed it in policy, culture, and everyday consumer behavior. Because at the end of the day, American manufacturing isn't just about economics. It's about identity. It's about knowing that behind every product is a person, a process, a place. It's about rebuilding the kinds of jobs and industries that create real opportunity and long-term resilience. At Faribault Mill, every blanket we make carries 160 years of history—and a future that's still being written. If you believe in the promise of American manufacturing, you're already part of that story. Now let's write the next chapter together.
Yahoo
11-07-2025
- Business
- Yahoo
Recycled Plastics Market worth $149.25 billion by 2032 - Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., July 11, 2025 /PRNewswire/ -- The report "Recycled Plastics Market by Source (Bottles, Fibers, Films, Foams), Process, Plastic Type (PET, PP, PVC, PS), Type, End Use (Packaging, Textiles, Building & Construction, Automotive, Electrical & Electronics), and Region - Global Forecast to 2032", recycled plastics market is projected to grow from USD 85.90 billion in 2025 to USD 149.25 billion by 2032, at a CAGR of 8.2% from 2024 to 2032. The increasing demand for recovered plastics to address rising levels of plastic pollution has driven the consumption of recycled plastics. Since recycled plastics conserve more energy than virgin plastics, they are used in most major end-use industries, including packaging, textiles, building and construction, automotive, and electrical and electronics. Browse in-depth TOC on "Recycled Plastics Market"150 – Tables100 – Figures180 – Pages Download PDF Brochure: The fibers segment, by source, is expected to be the second-fastest growing during the forecast period. The fibers segment, by source, accounted for the second-highest CAGR of the recycled plastics market in 2024. Fibrous materials and clothing scraps are recycled into new raw materials and are utilized across various industries, including automotive, furniture, mattresses, coarse yarn, home furnishings, and paper. Specifically, the growth of fibers in the textile sector, combined with their increasing use, significantly impacts the recycled plastics market. Polyethylene terephthalate (PET), by plastic type, is expected to be the largest market segment during the forecast period. The polyethylene terephthalate (PET) segment, categorized by plastic type, is expected to hold the largest share of the recycled plastics market due to its extensive applications. PET can be recovered, recycled repeatedly, and remelted to create new PET products. It is typically recycled into fashion items such as polar fleece clothing, backpacks, carpets, and applications in food & beverage, building & construction, and packaging sectors. Request Sample Pages: Europe is the second-largest region in the recycled plastics market. The significant factors contributing to the growth of recycled plastics in Europe include EU restrictions on single-use plastics implemented since 2019, a goal to reduce plastic pollution with a target of recycling 50% of plastic packaging by 2025, increased venture capital funding, and initiatives taken by government bodies to promote the adoption of recycled plastics across Europe. Some of the leading players in this market include Alpek (Mexico), Biffa (UK), Cabka (Germany), Far Eastern New Century Corporation (Taiwan), Indorama Ventures (Thailand), Jayplas (UK), Loop Industries, Inc. (Canada), MBA Polymers Inc. (US), Plastipak Holdings, Inc. (US), Republic Services (US), Stericycle (US), and Veolia (France). Request Customization: Get access to the latest updates on Recycled Plastics Companies and Recycled Plastics Market Size Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting Related Reports: Molded Plastics Market - Global Forecast to 2027 Polyethylene Terephthalate (PET) & Polybutylene Terephthalate (PBT) Resins Market - Global Forecast to 2029 Recycled PET Market - Global Forecast to 2028 Cosmetic Antioxidants Market - Global Forecast to 2028 Ferro Silicon Market - Global Forecast to 2028 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Our Website: Logo: View original content: SOURCE MarketsandMarkets Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
Sustainable Recycled Fibers Market Size, Trends, Analysis, and Forecast 2024-2025 & 2026-2034
Explore the booming Global Sustainable Recycled Fibers Market, projected at USD 7.13 Billion by 2025 and growing at a 6.7% CAGR to reach USD 11.22 Billion by 2032. As eco-consciousness rises, this market is crucial for circular fashion and efficient resource use, paving the way for sustainable innovations across industries. Sustainable Recycled Fibers Market Dublin, June 24, 2025 (GLOBE NEWSWIRE) -- The "Sustainable Recycled Fibers Market Size, Share, Trends, Analysis, and Forecast 2025-2034 | Global Industry Growth, Competitive Landscape, Opportunities, and Challenges" has been added to offering. The Global Sustainable Recycled Fibers Market is projected to reach USD 11.22 billion by 2034, with a notable CAGR of 6.7% from its estimated value of USD 7.13 billion in 2025 This growth underscores the market's crucial role in advancing circularity and resource efficiency within the textile and apparel sectors. These fibers, sourced from post-consumer waste and industrial scraps, significantly reduce landfill waste, conserve water, decrease energy consumption, and lessen reliance on virgin materials. Recycled fibers are increasingly being integrated across various sectors, including fashion, automotive interiors, and home furnishings, in response to pressure on global manufacturing ecosystems to mitigate their environmental impacts. This market expansion is driven by evolving consumer values, reinforced regulatory measures, and corporate commitments toward sustainable practices and closed-loop systems. The demand for recycled polyester, cotton, and blended yarns soared in 2024, bolstered by enhanced investments in fiber regeneration technologies. Collaborations among brands and suppliers focus on improving traceability and maintaining quality consistency. Governmental bodies and sustainability organizations, meanwhile, emphasize compliance, labeling, and recyclability standards. Future advancements in textile-to-textile recycling and scalable fiber recovery systems, combined with comprehensive consumer education, are anticipated to fast-track recycled fiber adoption. As the Sustainable Recycled Fibers Market sits at the intersection of environmental advocacy and industrial innovation, it is set to revolutionize the global design, manufacturing, and disposal of textiles. Key Takeaways Recycled fibers are a cornerstone of sustainable fashion, curbing textile waste and carbon emissions. Polyester and cotton dominate as recycled fiber types, extensively used in fashion and industrial applications. Europe leads the market due to stringent environmental regulations and advanced recycling infrastructure. Asia-Pacific, particularly China and India, is emerging as a processing hub, with strong production capacity and eco-awareness. Chemical recycling technologies are gaining traction for producing high-quality fibers. Recycling systems require multi-stakeholder collaboration among brands, waste management firms, and innovation labs to boost circularity. Consumer education and transparent labeling foster trust and accelerate market adoption of recycled fiber products. Fashion resale and rental models complement the narrative by extending garment life and reducing consumption cycles. Product development is focused on blending fibers that enhance softness, durability, and performance from recycled sources. Governments advocate for Extended Producer Responsibility schemes enforcing recycling mechanisms. Recycled fibers find applications beyond apparel, including in automotive, construction, and consumer electronics packaging. Eco-conscious branding and certifications like the Global Recycled Standard boost credibility among top-tier suppliers. Market Details Base Year: 2024 Estimated Year: 2025 Forecast Period: 2026-2034 Market Size-Units: USD billion Market Segments: By Product Type, Application, End User, Technology, Distribution Channel Regional Coverage: North America, Europe, Asia-Pacific, Middle East & Africa, South & Central America Analysis Includes: Trends, Driving Factors, Challenges, Price and Trade Analysis, Supply-Chain and Competitive Landscape Segmentation Summary Product Types: Natural Fibers, Synthetic Fibers Applications: Textiles, Composites, Packaging End Users: Fashion, Automotive, Construction Technology: Mechanical and Chemical Recycling Distribution Channels: Online, Offline Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $7.13 Billion Forecasted Market Value (USD) by 2034 $12.78 Billion Compound Annual Growth Rate 6.7% Regions Covered Global Companies Featured Unifi, Inc. (REPREVE) Lenzing AG Indorama Ventures Birla Cellulose (Aditya Birla Group) Eastman Chemical Company Banyan Nation Recover Textile Systems Evernu Circular Systems SPC Waste2Wear Jeplan, Inc. Renewcell Ambercycle Teijin Limited Ecotextile Group For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Sustainable Recycled Fibers Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
