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Global Textile Market Set for Significant Growth by 2030, Driven by AI and Sustainability

According to a study by Grand View Research, the global textile industry is entering a transformative era, with annual market growth projected at a rate of 4.4% through 2030. This growth is driven by advancements in AI, IoT, and automation, along with rising demand for sustainable and innovative materials.  

As Brandix continues to stay relevant within the industry, we embrace and actively align with these shifts through:  

  • AI-Powered Manufacturing: Brandix has integrated AI-driven solutions like Microsoft 365 Copilot to enhance operational efficiency and enable data-driven decision-making. Since 2020, our Brandix Smart Factory has improved manual processes using AI and automation, setting a strong foundation for innovation in apparel manufacturing.
Udara Kotuwella, Business Architect for Digital Solutions, discusses how Brandix is leveraging AI to enhance manufacturing at the ‘Digital Horizon: Horizon of Platforms’ event.

 

  • Smart Textiles: Our investments in functional fabrics with features like moisture-wicking and temperature regulation, made from eco-friendly, bio-based materials, demonstrate our focus on meeting modern consumer needs while prioritizing sustainability.
This image provides a representation of the potential of functional textiles for performance and sustainability.

 

  • Sustainable Practices: We have reduced greenhouse gas emissions by 84%, achieved zero water wastage, and eliminated hazardous chemical discharge. Our Net-Zero Carbon Facility in Batticaloa offsets emissions using renewable energy. Additionally, 100% of our solid waste is diverted from landfills, underscoring our commitment to sustainability. 
Our facility in Batticaloa, Sri Lanka, offsets all Scope 1 and 2 emissions by on-site renewable energy along with energy optimization initiatives to reduce its baseline carbon emissions.

 

At Brandix, the intersection of technology and sustainability drives transformative change. By combining smart textiles, AI-powered manufacturing, and responsible practices, we aim to set new standards for innovation. Our commitment to creating value for customers and building a sustainable, future-ready apparel industry remains steadfast.  

 

Source credits:

Tessa, G. (2024) Global Textile Market Set for Major Growth by 2030.

https://www.textiletoday.com.bd/global-textile-market-set-for-major-growth-by-2030