Office (Demo)

Cotton production slumped and on constant decline this year

21 Feb: Cotton production slumped and on constant decline this year

Pakistan produced 14.5 million cotton bales about a decade back. Production has been constantly on the decline after that. This year cotton production slumped to 4.8 million bales only.

The crop was 2.9 bales shorter than last year. A decade back the local mills consumed 16-18 million bales and the industry used to import 1.5-2 million bales. Cotton consumption in Pakistan also declined to 13-14 million bales. After this year’s crop failure, the industry would have to import around 7 million bales. Some bigger players have already placed orders for 5 million bales. Most placed orders when the global cotton prices were high and would find it hard to recover costs on prevailing yarn rates. The prices have come down from $1.20 per pound to $0.85 per pound.

7 (Demo)

21 Feb: ITMA 2023 Milan, Italy

Powering your business beyond face-to-face meetings at ITMA 2023. Connect with the global textile community before, during and after ITMA.

ITMAconnect will open to ITMA 2023 exhibitors from 15 November 2022. Visitors will be able to view details of exhibiting companies and their products, and start connecting with exhibitors from 8 March 2023.

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21 Feb: Protective Textiles Market Analysis – By Geography

Asia Pacific region held the largest share of more than 45% in the protective textiles market size in the year 2021, due to the increasing demand from various end-use industries such as the pharmaceutical industry in Asian countries such as India and China are estimated to grow the demand for protective textiles. According to the India Brand Equity Foundation (IBEF), India’s domestic pharmaceutical market is estimated to reach US$ 65 billion by 2024 and ~US$ 120-130 billion by 2030. According to healthcare information company IQVIA, the pharmaceutical sector of China was US$122.6 billion in 2017 and is forecast to reach US$175 billion by 2022. According to the India Brand Equity Foundation (IBEF), the healthcare market is expected to increase by Rs. 8.6 trillion (US$ 133.44 billion) by 2022. According to the Federation of Indian Chambers of Commerce & Industry, in 2019, Food and Drug Administration approved API plants to manufacture 13% of Active Pharmaceutical Ingredient (API) in China. Hence, all such factors are growing demand for protective textiles in the region.

Protective Textiles Market Drivers
The growing Electrical & Electronics Industry is estimated to grow the demand for Protective Textiles
Protection textiles are used to protect from electrical hazards such as electromagnetic and electro-static protection. It helps to reduce the risk of electric shock and intense flammability and fulfill the requirement for working in the vicinity of very high voltage equipment. Electrical protective garments are made of polyester, due to their electrical insulation properties, that are flame-resistant and comfortable to wear. In addition, these are fire retardant; thus, it is widely required in the electrical and electronics industry. According to India Cellular and Electronics Association (ICEA), India is expected to reach a value of US$ 100 billion to manufacture electronics equipment such as laptops and tablets by 2025. According to the International Energy Agency, in Europe, the requirement of household electrical devices such as an air conditioner was 115 million units in 2020, which is estimated to grow 167 million units by 2030 and 220 million units by 2040. According to the Electrical & Electronics Manufacturers Association, the Indian domestic electrical equipment market is expected to grow at an annual rate of 12% to reach US$72 billion by 2025. According to the Semiconductor Industry Association (SIA), the worldwide sales of electrical components such as semiconductors reached US$39.0 billion in October 2020, an increase of 6.0 % compared to the October 2019 total of US$36.8 billion and 3.1 % more than the September 2020 total of US$37.9 billion. This will further drive the protective textiles industry.

THE IMPORTANCE OF PROTECTION AND SAFETY

21 Feb: THE IMPORTANCE OF PROTECTION AND SAFETY

To protect ourselves or the atmosphere from various natural or industrial hazards in the environment, protective clothing or protective textiles are vastly used to prevent this. There are some possible environmental hazards namely heat, cold, ultraviolet radiation, radioactive radiation, and more. Some prominent industrial or human hazards are fire, industrial chemicals, biohazards, and many more. When we are in the area of one of those, optimum safety from all those hazards is of utmost importance. Thus the need for protective textiles is there to safeguard us.

Textiles and clothing represent an area where PPE (Personal Protective Equipment) is an important area of attention. Safety and comfort are becoming more important and these aspects must be in balance. Uncomfortable systems will not be used and put safe working at risk.