About ICAC Textiles
The global textile trade has undergone remarkable growth over the years, surging from $482 billion in 2004 to $882 billion in 2023. By 2022, this figure had reached an impressive $958 billion. ICAC member countries have a pivotal role in this expansion, contributing 55% of the world’s GDP and providing employment to over 1.5 billion people. These nations are prominent players in the global textile value chain, accounting for 47% of textile exports ($452 billion) and 58% of textile imports ($550 billion), cementing their position as key suppliers and consumers.
Recognizing the need to adapt to evolving trade dynamics, environmental sustainability, and the rising prominence of synthetic materials, the International Cotton Advisory Committee (ICAC) has broadened its mission. Originally focused on cotton, this intergovernmental organization—representing 24 member countries, including the European Union—now addresses the entire textile value chain. ICAC Textiles has emerged as a global hub, uniting governments, industry leaders, researchers, and investors to foster innovation, develop sustainable policies, and boost competitiveness across the sector.
Comprehensive Insights and Innovation through ICAC Textiles
ICAC provides stakeholders with valuable tools such as the ICAC Member Countries Profile, offering detailed insights into national textile industries, trade policies, investment opportunities, and sustainability strategies. Meanwhile, the Cotton Innovation Platform (CIP) showcases groundbreaking research and technological advancements that push the boundaries of cotton applications. From high-performance and medical textiles to biodegradable materials, these innovations ensure cotton remains a key player in the textiles of the future.
Additionally, ICAC is committed to helping cotton-producing nations expand their textile industries through policy development and value-added production. By supporting these countries in strengthening their textile value chains, ICAC enables them to extract greater economic benefits and build more sustainable sectors.
Fostering Collaboration and Investment
To drive meaningful collaboration and attract global investment, ICAC has launched the Global Cotton & Textiles Investment Summit. This platform connects governments, investors, and businesses to work together in fortifying the global textile ecosystem. Furthering its collaborative efforts, ICAC’s Standing Committee has introduced the nomination of a Textile Focal Person from each member government to create a dedicated global Textiles Network. This network serves as a platform for exchanging ideas, developing policies, and fostering industry growth.
A Catalyst for a Sustainable Textile Future
ICAC Textiles is more than just a knowledge-sharing platform—it is a driver of transformation. By integrating cutting-edge research, fostering innovation, facilitating investments, and offering robust policy support, ICAC is shaping a sustainable and future-ready global textile industry. Positioned at the intersection of tradition and innovation, ICAC Textiles is paving the way for a more competitive, responsible, and resilient textile value chain on a global scale.