With advancements across the board, the synthetic fibres market is set to rise to US$190.4 billion in 2024, following an 8.7% CAGR, driven by the increasing demand for cost-effective fibres, the buoyant textile industry, material science advancement and fibre performance.
Innovations like fibre recycling and reuse are also fuelling this growth as they allow synthetic fibres to be repurposed while still balancing functionality with a lower environmental footprint. The popularity of recycled textiles across various end-use sectors such as clothing, home furnishings, and industrial applications has increased due to the benefits they offer.
As collection and reuse systems scale up in Asia-Pacific nations like China, India, and Australia, the recycling market is forecasted to expand 3.1% annually through 2028, reaching US$6.9 billion.
With sustainability at the forefront, China’s “Reborn – China Fiber Zero Carbon Action 2023” initiative launched at last year’s Yarn Expo Spring, marked a significant step towards sustainable practices aligned with the country’s “dual carbon” strategy.
This sets targets for industry players by promoting the expansion of recycled fibre production and usage, aiming to reduce carbon emissions and achieve carbon neutrality across different sectors. The focus on sustainability corresponds with “Texpertise Econogy”, the new umbrella brand for sustainability activities at Messe Frankfurt’s more than 50 textile trade shows worldwide.
In addition to attending a range of eco-focused fringe events, buyers at the 2024 spring fair will be able to source an array of innovative yarns and fibres from top suppliers who have already confirmed their participation:
• Better International Holding (Hong Kong) – as a functional ecological fibre expert, it is committed to the development of natural, green, low-carbon, innovative textile materials, derived from milk protein, plants, mint, tea, hemp, ice jade, sarcandra glabra, radix isatidis, and more. One such example is Greenwarm, which includes sarcandra glabra and possesses antisepsis and anti-inflammation benefits.
• Everest Textile (Taiwan) – with its products and production processes bluesign-certified, vertically integrated manufacturer, Everest Textile specialises in yarn texturising, weaving, knitting, dyeing, post-finishing, and garment production, and develops its fashionable and functional products using bio-based materials.
• Shaoxing Guozhou Textile New Material (China) – a professional yarn spinner, dyeing house and fabric supplier, and one of the world’s largest MVS (Vortex) melange yarn manufacturers. The products are sourced by well-known brands such as H&M, M&S, Gap, s.Oliver, Zara, Walmart and Jack & Jones among others. Guozhou is certified with ISO9001:2000, Oeko-Tex Standard 100, Organic Content Standard (OCS) and Global Organic Textile Standard (GOTS).
Yarn Expo Spring is organised by Messe Frankfurt (HK) Ltd and the Sub-Council of Textile Industry, CCPIT. The fair will be held alongside Intertextile Shanghai Apparel Fabrics – Spring Edition, Intertextile Shanghai Home Textiles – Spring Edition, CHIC and PH Value, with the resultant synergy allowing exhibitors and buyers to maximise their business opportunities.
The upcoming Yarn Expo Spring, which takes place from 6 – 8 March at the National Exhibition and Convention Center in Shanghai, will focus on a the latest developments in the recycled and synthetic fibre sectors. According to organisers, the demand for sustainability and transparency across textile production chains continues to grow as the market increasingly looks to minimise environmental impacts. Initiatives focusing on recycled and regenerated products are gaining prominence globally, while synthetic fibres are experiencing growth to fulfill this eco-friendly need.
