The domestic MMF industry mainly comprises of two components i.e., polyester and viscose, which together accounts for about 94% (in volume terms). Under this, polyester accounts for about 77.5% while viscose accounts for the remaining share. MMF is primarily used to produce 100% non-cotton fabrics and blended fabrics, which are in turn used in readymade garments, home textiles and other industrial textiles.
Overall Polyester Filament Yarn (PFY) demand is projected to witness 15-20% growth in fiscal 2022. Overall Polyester Staple Fibre (PSF) demand is projected to witness a growth of 14-19%. Global end-use demand for textile fibres is forecast to expand by an average of 2.80% per annum between 2015 and 2025, from 90.10 Mn Tonnes to 119.20 Mn tons and global end-use demand for man-made fibres is expected to increase by 3.7% in 2025.
Factors such as increasing use in non-woven and technical textiles, changing consumer trends including increasing emphasis on fitness and hygiene, rising brand consciousness, fast changing fashion trends, increasing women participation in workforce will further boost the demand of manmade fibres. India’s export of MMF textiles and apparel was $9.56 Bn for FY: 2021-22.
India has been traditionally focusing on Cotton textiles whereas the global mill fibre consumption is moving towards Manmade Fibre (MMF). Recognizing the potential for growth and employment in MMF sector, the Production Linked Incentive (PLI) Scheme for Textiles has been formulated with an approved outlay of INR 10,683 Cr over a five-year period, to promote production of MMF Apparel, MMF Fabrics and Products of Technical Textiles in the country. The objective is to enable Textile sector to achieve size and scale and to become competitive. Increased availability of MMF and MMF yarn will contribute to the overall Growth in textile industry using mixed fibre/yarn.
India is the second largest producer of manmade fibres. Presently India produces over 1441 Mn Kg of man-made fibres and over 3000 Mn Kg of man-made filaments. The manmade fibre value chain is vertically integrated with upstream and downstream linkages from raw materials to finished goods.