The UK Government has said it does not expect an Extended Producer Responsibility (EPR) scheme for clothing and textiles to be introduced any time soon. The EPR is a strategy to add all of the environmental costs associated with a product throughout the product life cycle to the market price of that product. The UK Government, in its publication ‘Our Waste, Our Resources, A Strategy for England 2018’, committed to invoking the “polluter pay” principle and harnessing the potential of EPR. It identified five priority material streams for consideration under this commitment, including textiles. The UK Government was urged to ramp up its review of the EPR and bring it forward by three years to 2022, instead of an earlier suggested 2025, which the Textile Recycling Association said is too long given the rapidly growing competition from China and elsewhere to supply markets willing to take used clothes.
Further this week, Indorama Ventures won the gold medal by Ecovadis for sustainability in supply chain management. In 2023, the company achieved the Gold Medal with a score of 77; higher than 2022’s score of 75. IVL ranked in the 99th percentile in basic chemical, fertilizers, and nitrogen compound plastics and synthetic rubbers in primary industries of all assessed companies worldwide, with above industry-average performances in all four assessment areas, including environment, labor & human rights, ethics, and sustainable procurement. Similarly, Orion Engineered Carbons, a global specialty chemicals company, announced today it has received a Gold medal rating from EcoVadis, an independent organization that assesses the performance of companies in a wide range of sustainability areas. Orion improved its score from the previous year, moving up from 72 to 77 points — just one point away from receiving a Platinum medal rating. The company is now in the 99th percentile of companies assessed by EcoVadis. Furthermore, Teijin Ltd. has been listed in the Global Sustainability Yearbook 2023 published by S&P Global, a world-leading provider of financial information and analysis in support of responsible investment based on environmental, social, and corporate governance (ESG) factors.
Further, this week, Unfi, and maker Repreve fibers released its Sustainability Report for fiscal 2022, reiterating its commitment to divert and transform 50 billion landfill-bound plastic bottles by 2025. Unifi explained it is investing in and supporting circular processes and programs with its customers. A major priority last year was expanding the company’s Textile Takeback processes for a re-launch this year. The program has been extended to Asia and focuses on moving towards a circular economy by recycling polyester waste back into polyester fiber and yarn.
Further this week, a rise of Sustainable & Organic Clothing represents modern-day buyers’ adoption of eco-conscious fashion templates is on the rise in India. The popularity of organic textiles is commensurate with its market size, which is on a consistent rise. Buyers’ mindsets have also gone through a profound metamorphosis, leading to a preference shift towards ‘value-based eco-friendly shopping’. The organic fashion boom can be attributed to the contemporary dichotomous nature of the textile industry. According to sustainable fashion industry statistics, the market is expected to rise to $9.81 billion in 2025 and $15.17 billion in 2030 at a CAGR of 9.1%, due to India’s growing awareness of ethical fashion.
Further this week, Fact.MR – A Market Research and Competitive Intelligence Provider has reported that the global bioplastic textiles market is estimated to be valued at US$ 915.6 million in 2023. It is expected to surge at a CAGR of 8.8% between 2023 and 2033. It is likely to reach US$ 2,128.1 million by the end of 2033. The increasing use of bioplastics in textiles is set to be driven by rising awareness of the environmental impact of plastics. The urgent need to reduce reliance on fossil fuels is another vital factor propelling the demand for sustainable products in the market, including bioplastics.
Further, this week, Maximize Market research, a global Material & Chemical business-consulting firm, has published a market intelligence and competitive landscape report on the “Agro Textile Market”. As per the report, the total market opportunity for Agro Textile was US$ 8.99 Bn in 2021 and is expected to grow at 5.2 percent CAGR over the forecast period to reach US$ 13.49 Bn. Asia Pacific region held the largest Agro Textile market share in 2021. Increasing demand for organic agricultural products in the region is expected to drive the regional Agro Textile market growth. Research and Development activities in the agricultural practices in economies like China and India led to substantial growth of the Agro Textile market.
Further in sustainability, TWOTHIRDS, the Barcelona-based fashion brand dedicated to making “goods for a better future,” has partnered with leading materials science company, Recover™, to produce responsibly-designed pieces, including ocean-inspired tees, beach towels, and high-quality basics. Both RecoverTM and TWOTHIRDS are dedicated to bringing low-impact fashion to consumers and understand the importance of choosing responsible raw materials. Aligned with TWOTHIRDS’ “Ocean at heart, Eco in mind” motto, pieces from this collaboration are made with up to 70% RecoverTM recycled cotton fiber from post-industrial textile waste. The TWOTHIRDS design team maximizes the number of recycled materials featured in its products to create durable pieces that never sacrifice quality. Further this week, Champion Thread Co., a manufacturer, and marketer of industrial sewing threads, engineered yarns, and other textile and sewn products accessories, has opened a new thread and yarn dyeing facility in Clover, S.C. Located close to its Gastonia, N.C.-based headquarters, the domestic manufacturing investment bolsters CTC’s customer service capabilities, product and operational sustainability, vertical capacity, and local workforce.
Further this week, Indorama Ventures won the gold medal by Ecovadis for sustainability in supply chain management. In 2023, the company achieved the Gold Medal with a score of 77; higher than 2022’s score of 75. IVL ranked in the 99th percentile in basic chemical, fertilizers, and nitrogen compound plastics and synthetic rubbers in primary industries of all assessed companies worldwide, with above industry-average performances in all four assessment areas, including environment, labor & human rights, ethics, and sustainable procurement. Similarly, Orion Engineered Carbons, a global specialty chemicals company, announced today it has received a Gold medal rating from EcoVadis, an independent organization that assesses the performance of companies in a wide range of sustainability areas. Orion improved its score from the previous year, moving up from 72 to 77 points — just one point away from receiving a Platinum medal rating. The company is now in the 99th percentile of companies assessed by EcoVadis. Furthermore, Teijin Ltd. has been listed in the Global Sustainability Yearbook 2023 published by S&P Global, a world-leading provider of financial information and analysis in support of responsible investment based on environmental, social, and corporate governance (ESG) factors.
Further, this week, Unfi, and maker Repreve fibers released its Sustainability Report for fiscal 2022, reiterating its commitment to divert and transform 50 billion landfill-bound plastic bottles by 2025. Unifi explained it is investing in and supporting circular processes and programs with its customers. A major priority last year was expanding the company’s Textile Takeback processes for a re-launch this year. The program has been extended to Asia and focuses on moving towards a circular economy by recycling polyester waste back into polyester fiber and yarn.
Further this week, a rise of Sustainable & Organic Clothing represents modern-day buyers’ adoption of eco-conscious fashion templates is on the rise in India. The popularity of organic textiles is commensurate with its market size, which is on a consistent rise. Buyers’ mindsets have also gone through a profound metamorphosis, leading to a preference shift towards ‘value-based eco-friendly shopping’. The organic fashion boom can be attributed to the contemporary dichotomous nature of the textile industry. According to sustainable fashion industry statistics, the market is expected to rise to $9.81 billion in 2025 and $15.17 billion in 2030 at a CAGR of 9.1%, due to India’s growing awareness of ethical fashion.
Further this week, Fact.MR – A Market Research and Competitive Intelligence Provider has reported that the global bioplastic textiles market is estimated to be valued at US$ 915.6 million in 2023. It is expected to surge at a CAGR of 8.8% between 2023 and 2033. It is likely to reach US$ 2,128.1 million by the end of 2033. The increasing use of bioplastics in textiles is set to be driven by rising awareness of the environmental impact of plastics. The urgent need to reduce reliance on fossil fuels is another vital factor propelling the demand for sustainable products in the market, including bioplastics.
Further, this week, Maximize Market research, a global Material & Chemical business-consulting firm, has published a market intelligence and competitive landscape report on the “Agro Textile Market”. As per the report, the total market opportunity for Agro Textile was US$ 8.99 Bn in 2021 and is expected to grow at 5.2 percent CAGR over the forecast period to reach US$ 13.49 Bn. Asia Pacific region held the largest Agro Textile market share in 2021. Increasing demand for organic agricultural products in the region is expected to drive the regional Agro Textile market growth. Research and Development activities in the agricultural practices in economies like China and India led to substantial growth of the Agro Textile market.
Further in sustainability, TWOTHIRDS, the Barcelona-based fashion brand dedicated to making “goods for a better future,” has partnered with leading materials science company, Recover™, to produce responsibly-designed pieces, including ocean-inspired tees, beach towels, and high-quality basics. Both RecoverTM and TWOTHIRDS are dedicated to bringing low-impact fashion to consumers and understand the importance of choosing responsible raw materials. Aligned with TWOTHIRDS’ “Ocean at heart, Eco in mind” motto, pieces from this collaboration are made with up to 70% RecoverTM recycled cotton fiber from post-industrial textile waste. The TWOTHIRDS design team maximizes the number of recycled materials featured in its products to create durable pieces that never sacrifice quality. Further this week, Champion Thread Co., a manufacturer, and marketer of industrial sewing threads, engineered yarns, and other textile and sewn products accessories, has opened a new thread and yarn dyeing facility in Clover, S.C. Located close to its Gastonia, N.C.-based headquarters, the domestic manufacturing investment bolsters CTC’s customer service capabilities, product and operational sustainability, vertical capacity, and local workforce.