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The global women's sportswear segment is set to make a remarkable leap, with Deloitte forecasting revenues exceeding $1 billion in 2024. Within this burgeoning market, football-related apparel is anticipated to spearhead the surge, contributing a substantial $555 million to the projected total of $1.28 billion.

 India's thriving ready-made garment (RMG) industry continues to make impressive strides, with RMG exports to the Middle East and Africa (MEA) region surging to a remarkable $2.68 billion during the fiscal year 2022-23.

The world of textiles and fibers is in constant motion, adapting to changing consumer preferences, economic conditions, and industry dynamics. As we delve into the dynamics of 2023, we find that the demand for polyester filament yarn (PFY) is experiencing shifts and growth in various directions. Let's explore the key factors shaping the demand for PFY in this year.

  1. Global Textile Industry Faces Challenges Amidst Weakening Demand and Rising Costs