[March 24, 2017] |
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BizVibe: Cotton, Polyester, and Smart Textile Markets on the Rise
Several textile industries have shown promising growth in the last year.
As conditions become more favorable, they will continue to prosper in
the global market. Details on these three industries and more can be
found on BizVibe. BizVibe is the world's
smartest B2B marketplace and allows users to discover high
quality leads, contact prospects, and source quotes. Register
today to connect with over seven million companies around the
globe.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170324005625/en/
Three growing sectors of the global textiles industry. (Graphic: Business Wire)
Global Smart Textiles Market Thrives
Smart
textiles might be a new segment in the global textile and
apparel industry, but its staggering growth rate over the last few years
has proven its potential to be one of the biggest sectors in the global
textile market.
This growth is mainly driven by the uptrend in the wearable technology
industry, increasing demand for sophisticated electronics,
miniaturization of electronic components, and the rapid growth of
wireless sensor networks. While the textiles cost more than other types
of fabrics, their versatility and the increasing accessibility of new
technology mean that these products are here to stay.
Connect
with top clothes, materials,and accessories companies worldwide
Organic Cotton Market Grows as Consumers Demand
Sustainability
With growing concerns over sustainability and pollution globally, more
organizations are beginning to turn to organic cotton when manufacturing
textiles. Conventional cotton accounts for around 11% of global
pesticide sales despite using less than 3% of cultivated land, and many
of these pesticides are harmful to people. While organic cotton is more
costly, it has a much smaller environmental impact.
The global
organic cotton market was worth USD 15.76 billion in 2014/15 and
shows stable growth, according to Textile Exchange. While cotton prices
had been declining for several years, they began to pick up again in
2016, when consumption exceed production for the first time in 6 years.
As more people are beginning to factor in sustainability when buying
clothing and other products, using organic cotton can give companies an
edge over their competitors. With cotton demand and prices on the rise
once more, the future is looking bright for this market.
Connect
with top fiber, fabric, and yarn companies worldwide
Global Polyester Market Continues Its Stable
Growth
Polyester
is now one of the most commonly used fibres in the global
textile and apparel industry, accounting for more than half of the
overall fibre used worldwide. The share of polyester fibres used in the
global mills industry is estimated to reach over 57.4% by 2020, meaning
that the usage of polyester will be significantly more than the usage of
cotton, cellulosic, wool and acrylic combined.
Today, polyester is already the most widely used fibre in all major
segments of the global textile and apparel market. A report by Zion
Research indicates that the global market is expected to surpass USD 115
billion by 2020, representing a CAGR of over 5% over the five-year
period. While growth is projected to slow down in the near future,
polyester will continue to be a dominant fiber.
Connect
with top fabric and textile companies worldwide
BizVibe is home to 150,000+
apparel and textile companies across 200+ countries, covering
all sectors. The BizVibe platform allows you to discover the highest
quality leads and make meaningful connections in real time. Claim
your company profile for free and let the business come to you.
About BizVibe
BizVibe is home to over seven million company profiles across 700+
industries. The single-minded focus of BizVibe's platform is to make
networking easier. Over the years, we've searched far and wide to figure
out how businesses connect and enable trade. That first interaction is
usually fraught with the uncertainty of finding a potential partner vs.
a potential nightmare. With this in mind, we've designed a robust set of
tools to help companies generate leads, shortlist prospects, network
with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London,
Bangalore and Beijing. For more information on the BizVibe network,
please contact
us.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170324005625/en/
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