Scheduled for March 6 – 8, 2024, at the National Exhibition and Convention Center in Shanghai, Yarn Expo Spring is set to be Asia's premier yarn and fiber sourcing platform, covering 27,000 sqm and hosting over 500 exhibitors from 10 countries and regions. The event responds to the escalating demand for sustainability and transparency in textile production chains, driven by the industry's push to minimize environmental impacts and transition towards a circular economy.
The focus on sustainability is evident in the prominence of initiatives related to recycled and regenerated products, particularly synthetic fibers. The synthetic fibers market is projected to reach USD 190.4 billion in 2024, propelled by an 8.7% CAGR. Factors contributing to this growth include the rising demand for cost-effective fibers, advancements in material science, and innovations such as fiber recycling and reuse, enabling the repurposing of synthetic fibers with a reduced environmental footprint.
Recycled textiles are gaining popularity across various sectors, including clothing, home furnishings, and industrial applications. The recycling market in the Asia-Pacific region, particularly in countries like China, India, and Australia, is anticipated to expand by 3.1% annually through 2028, reaching USD 6.9 billion. This growth is attributed to the scaling up of collection and reuse systems in the region.
China's "Reborn - China Fiber Zero Carbon Action 2023" initiative, launched at the previous Yarn Expo Spring, underscores the country's commitment to sustainable practices aligned with its "dual carbon" strategy. The initiative sets targets for industry players to expand recycled fiber production and usage, aiming for reduced carbon emissions and carbon neutrality across various sectors.
Leading brands showcasing their sustainable offerings at the upcoming fair include Better International Holding from Hong Kong, Everest Textile from Taiwan (bluesign-certified), and Shaoxing Guozhou Textile New Material from China, a certified yarn spinner and fabric supplier catering to renowned brands like H&M and ZARA.
Yarn Expo Spring, organized by Messe Frankfurt (HK) Ltd and the Sub-Council of Textile Industry, CCPIT, will run concurrently with Intertextile Shanghai Apparel Fabrics – Spring Edition, Intertextile Shanghai Home Textiles – Spring Edition, CHIC, and PH Value, creating synergies for exhibitors and buyers to maximize business opportunities.
