Business report

2022 Business Report on Global Apparel Markets: Acquisitions, Divestments and Mergers; Circularity; CSR; Environmental sustainability; investments; Forecasts ; New facilities; and recycling – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Apparel Markets: Business Update 2022 – Part Two” report by Textiles Intelligence Ltd. has been added to from ResearchAndMarkets.com offer.

This report provides valuable insights, analysis and insights on developments related to the global apparel industry in the following categories: acquisitions, divestitures and mergers; circularity; corporate social responsibility (CSR); environmental sustainability; investments; market forecasts; new facilities; and recycling.

The brands, companies, other organizations and initiatives featured in this report include:

  • ASOS

  • Carbios

  • denim cone

  • fashion for good

  • Quick retail

  • Fiber Trace

  • Border Yarns

  • Gildan Sportswear

  • H&M Group

  • HeiQ

  • Inditex

  • Levi Strass & Co

  • Mango

  • Mass Frankfurt

  • MycoWorks

  • origin

  • Saitex

  • Colors of Stony Creek

  • The Institute of Biomimicry

  • The European Commission

  • V.F. Corporation

Main topics covered:

SUMMARY

ACQUISITIONS, DISPOSALS AND MERGERS

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

CIRCULARITY

  • H&M Group has launched a circular design tool as part of its goal to produce 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 to support the Uyghur Forced Labor Prevention Law (UFLPA)

  • Global clothing 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 the Untapped Agricultural Waste Project which will assess the feasibility of using agricultural waste in the manufacture of fibers

  • Levi Strauss & Co collaborated with Stony Creek Colors in the launch of a pilot operation relating to vegetable dyes

  • Traceable pigments produced by FibreTrace have been certified to the Global Organic Textile Standard (GOTS)

INVESTMENTS

  • Carbios has secured a €30 million (US$34 million) investment to develop its C-Zyme technology

  • HeiQ has received a significant investment for the development of its HeiQ yarn AeoniQ

  • MycoWorks has secured an investment of US$125 million for the construction of a large-scale production plant

  • The Institute of Biomimicry has obtained an investment of 2.5 million euros (2.9 million US dollars) to launch a pilot project relating to the decomposition of textile waste

MARKET FORECAST

  • Consumer spending on clothing and footwear in Africa and the Middle East is expected to grow by 5.3% annually between 2020 and 2025

  • Consumer spending on clothing and footwear in Asia and Oceania is expected to grow 4.5% annually between 2021 and 2026

NEW FACILITIES

  • Saitex has opened a fabric manufacturing plant in Vietnam

RECYCLING

  • Fashion for Good has set up a pilot operation to develop chemical recycling technologies for polyester

  • VF Corporation has joined a consortium to launch a pilot operation relating to the recycling of mixed textile waste in Cambodia

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