Daily Newsletter

05 December 2023

Daily Newsletter

05 December 2023

Textile Exchange launches Materials Directory to boost visibility of green suppliers

Non-profit Textile Exchange has launched the Materials Directory tool to identify raw materials suppliers alongside the unveiling of the 10th edition of its annual Materials Market Report, which offers a snapshot of global fibre and materials production trends this year.

Isatou Ndure December 04 2023

As discussions around COP28 take centre stage this week, the Textile Exchange Materials Market Report aims to guide the textile industry's efforts to align raw material production to limit temperature rise to 1.5 degrees Celsius.

Claire Bergkamp, CEO at Textile Exchange, underscored the urgency and said: “As global leaders come together at COP28, this report only reinforces the urgent need to double down on our collective efforts to accelerate the adoption of production practices that support our planet, its ecosystems, and its communities while focusing internal investment on strategies that decouple value creation from the extraction of new materials overall.”

In addition to the report, Textile Exchange has launched the Materials Directory, providing an online repository for industry participants to access information on raw material suppliers, production units, and branded materials.

The directory features interactive maps and a filterable database for enhanced usability. The findings call for a collaborative effort among industry stakeholders to navigate challenges and foster sustainable practices in global fibre production.

Key Insights from the Materials Market Report

  • Global fibre production:
    • Increased from approximately 112 million tonnes in 2021 to a record 116 million tonnes in 2022.
    • Projections suggest further growth to 147 million tonnes in 2030 under current business conditions.
  • Sustainable natural fibres:
    • Modest increase observed in sustainably produced natural fibres:
      • Cotton: 25% in 2021 to 27% in 2022.
      • Wool: 3% in 2021 to 4.3% in 2022.
  • Fossil-based synthetic fibres:
    • Virgin fossil-based synthetic fibre production increased from 63 million tonnes to 67 million tonnes.
  • Polyester dominance:
    • Polyester remains the dominant fibre, constituting 54% of global production in 2022.
    • Polyester production volumes increased from 61 million tonnes in 2021 to 63 million tonnes in 2022.
  • Recycled fibres:
    • The combined share of all recycled fibres experienced a slight decline from around 8.5% in 2021 to 7.9% in 2022.
    • The recycled polyester market share decreased from 15% in 2021 to 14% in 2022, attributed to challenges in scaling textile-to-textile recycling.
  • Urgency for sustainable practices:
    • The need to expedite the transition to fibres from preferred sources.
    • Call to intensify efforts to reduce the use of virgin fossil-based materials.
    • Emphasis on investing in strategies that detach value creation from the extraction of new materials.

In mid-November, a roundtable at the Textile Exchange 2023 conference shared the collective and individual tools and resources being used to drive more sustainable sourcing practices.

Earlier that month, Textile Exchange, business strategy firm Boston Consulting Group (BCG) and sustainability consultancy Quantis claimed apparel brands could increase net profits by 6% by closing the raw materials gap with sustainable sourcing.

Womenswear set to witness rapid growth within the outdoor sportswear market

Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.

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