Aug 16, 2022   SOURCE: BusinessWire

Global Apparel Markets Business Report 2022: Acquisitions, Divestments and Mergers; Circularity; CSR; Environmental Sustainability; Investments; Forecasts; New Facilities; and Recycling - ResearchAndMarkets.com

The "Global Apparel Markets: Business Update, 2022 - Part Two" report from Textiles Intelligence Ltd. has been added to ResearchAndMarkets.com's offering.

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; corporate social responsibility (CSR); environmental sustainability; investments; market forecasts; new facilities; and recycling.

Brands, companies, other organisations and initiatives featured in this report include:

  • ASOS
  • Carbios
  • Cone Denim
  • Fashion for Good
  • Fast Retailing
  • FibreTrace
  • Frontier Yarns
  • Gildan Activewear
  • H&M Group
  • HeiQ
  • Inditex
  • Levi Strass & Co
  • Mango
  • Messe Frankfurt
  • MycoWorks
  • Oritain
  • Saitex
  • Stony Creek Colors
  • The Biomimicry Institute
  • The European Commission
  • VF Corporation

Key Topics Covered:

SUMMARY

ACQUISITIONS, DIVESTMENTS AND MERGERS

  • Gildan Activewear has acquired Frontier Yarns for US$168 mn

CIRCULARITY

  • H&M Group has launched a circular design tool as part of its aim to manufacture only circular products by 2025
  • The European Commission has published the EU Strategy for Sustainable and Circular Textiles

CORPORATE SOCIAL RESPONSIBILITY (CSR)

  • Cone Denim has extended its partnership agreement with Oritain in order to support the Uyghur Forced Labor Prevention Act (UFLPA)
  • Global apparel brands have taken action against Russia in response to the military invasion of Ukraine

ENVIRONMENTAL SUSTAINABILITY

  • Fashion for Good has launched a pilot operation called D(R)YE Factory of the Future which aims to reduce the amount of wet processing carried out in the textile industry
  • Fashion for Good has launched a pilot operation called Untapped Agricultural Waste Project which will assess the feasibility of using agricultural waste in the manufacture of fibres
  • Levi Strauss & Co has collaborated with Stony Creek Colors in the launch of a pilot operation relating to plant-based dyes
  • Traceable pigments produced by FibreTrace have been certified as being compliant with the Global Organic Textile Standard (GOTS)

INVESTMENTS

  • Carbios has secured Euro30 mn (US$34 mn) worth of investment to scale up its C-Zyme technology
  • HeiQ has received significant investment for the development of its HeiQ AeoniQ yarn
  • MycoWorks has secured US$125 mn worth of investment for the construction of a full-scale production facility
  • The Biomimicry Institute has secured Euro2.5 mn (US$2.9 mn) worth of investment to launch a pilot project relating to the decomposition of textile waste

MARKET FORECASTS

  • Consumer expenditure on clothing and footwear in Africa and the Middle East is forecast to grow by 5.3% per annum between 2020 and 2025
  • Consumer expenditure on clothing and footwear in Asia and Oceania is forecast to grow by 4.5% per annum between 2021 and 2026

NEW FACILITIES

  • Saitex has opened a fabric manufacturing facility in Vietnam

RECYCLING

  • Fashion for Good has established a pilot operation to scale up technologies for chemically recycling polyester
  • VF Corporation has joined a consortium to launch a pilot operation relating to the recycling of blended textile waste in Cambodia

For more information about this report visit https://www.researchandmarkets.com/r/yy5u3t