In a recent analysis, it has been predicted that fabrics made from man-made fibres are set to surpass the demand for cotton fabrics on a global scale. This shift can be attributed to several factors, including population growth, sustainability awareness, and the superior qualities of synthetic materials.
The study reveals that the current global fabric export landscape is experiencing a significant change, with synthetic materials now exceeding cotton. In 2003, cotton accounted for approximately 38 percent of the market share, while synthetic fabrics represented around 42 percent. However, in the present scenario, cotton comprises only 26 percent, whereas synthetic fabrics, such as polyester and man-made cellulosic fabric, make up around 57 percent.
The growing preference for synthetic alternatives can be attributed to various noteworthy characteristics of man-made fibres. These materials offer abundant availability, durability, affordability, superior mechanical performance, and higher stability when compared to natural fibres, making them an appealing choice in the textile industry.
Asia, known as the hub of fabric production, holds the majority of the world’s manufacturing capacity. China, in particular, has emerged as the leading global exporter of plant-based cellulosic fabrics. The study predicts that the export of synthetic fabrics will experience a compound annual growth rate of 3 percent over the next five years. By 2027, the global market for synthetic fabrics is projected to reach an impressive value of $87 billion, primarily driven by the surging demand for plant-based cellulosic fabrics.
Over the past two decades, the consumption of fabrics made from man-made fibres has witnessed a steady annual growth rate of approximately 5 percent on a global scale. As a result, synthetic fabrics now command over half of the total global fabric market.
With Asia’s unparalleled manufacturing capabilities and continuous advancements in man-made cellulosic fabrics, the future of the global synthetic fabric market appears promising. As the world’s textile needs continue to increase, Asia is poised to play a crucial role in meeting the demand.
The rise of synthetic fabrics marks a paradigm shift in the textile industry, driven by factors such as sustainability, population growth, and the inherent advantages of man-made fibres. As the global market continues to evolve, it is clear that synthetic fabrics will play a significant role in shaping the future of the fashion and retail sectors, offering innovative solutions and meeting the changing preferences of consumers worldwide.