The United Colors of Sustainability
A new report by Global Industry Analysts on the textile dyes segment highlights that the global market is expected to reach $5.9 billion by 2017, partially because of the development of innovative, sustainable dyes to meet changing consumer demands.
The projected growth contrasts with the situation four years ago. The industry had two difficult years between 2008 and 2009, due to higher feedstock prices and slow demand from the textiles sector. This is a market dictated by several varying factors such as demand for textiles, consumer spending and population growth. Market expansion depends on fashion changes and customer preferences.
Production these days is heavily concentrated in emerging markets such as China and India where companies were attracted by lower labor and environmental costs, which could be a cause of concern in terms of sustainability and social responsibility practices. However, global bans on certain dyes signals that the industry as a whole is trying to clean up its act.
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Antonio Pasolini is a Corporate Social Responsibility writer for Justmeans, Antonio Pasolini is a journalist based in Brazil who writes about alternative energy, green living and sustainability. He also edits Energyrefuge.com, a top web destination for news and comment on renewable energy and Elpis.org, a recycled paper bag/magazine distributed from health food stores in London, formerly his hometown for over a decade. He is also a happy herbivore.
