Europe Launches Bioeconomy Strategy to Counter Asian Polyester Dominance
What happened
The European Technology Platform for the Future of Textiles and Clothing launched the Bioeconomy Innovation Strategy for the European Fibres, Textiles, and Apparel Industry in Antwerp. The strategy aims to accelerate Europe’s transition toward biobased and circular materials while strengthening domestic manufacturing. The organization noted that over 90% of global polyester capacity is currently located in Asia, increasing Europe's dependence on non-European suppliers.
From knittingindustry.com
Why it matters
The strategy argues that Europe must reverse its reliance on fossil-based textile materials and develop stronger domestic value chains for renewable fibres and bio-processing. This push is driven by pressures related to sustainability, strategic resilience, and competitiveness.
Analyst comments highlight that polyester is dominating new volume in the fiber market, restricting cotton's share.
From knittingindustry.com