Pakistan Home Textiles News

Recent industry report about Pakistan Home Textiles company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Pakistan Home Textiles Market industry experts.

Pakistan Home Textiles News

  • 12th December 2022: Pakistan's two textile manufacturers adopted traceability with FibreTrace. FibreTrace's two partners, Diamond Denim by Sapphire (a vertically integrated mill) and Artistic Apparels (a garment manufacturer), will use climate-positive Good Earth Cotton in their conscious collection, audited and traced at each step of the supply chain.
  • October 2021: Yunus Textile Mills Limited, a global leader in home textiles, signed a partnering agreement with Ocean Safe AG, Switzerland. The collaboration focuses on making home textiles like sheets, comforters, quilts, duvets, curtains, and more that are circular, free of toxins, and biodegradable.
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  • May 2024: Greenwell Equipment, a prominent player in the office and industrial supplies arena, unveiled a dedicated office furniture section on its website. This expansive section boasts over 1,000 products, encompassing everything from ergonomic chairs to executive desks.
  • August 2023: Herman Miller launched the Fuld Nesting Chair, a sleek, minimalist design created in collaboration with Stefan Diez. This chair enables flexible configurations in workspaces.
  • February 2024: PLANK’s presentation at Salone del Mobile.Milano 2024 featured a simple, museum-like architecture, showcasing the evolution of its iconic products. The exhibition emphasized reuse and sustainable design, utilizing the previous year’s project and materials to highlight the brand's commitment to environmental responsibility and innovation in design.
  • March 2023: Roda launched its new outdoor collection, highlighting lightness, beauty, and nature. The collection comprised the versatile Estendo modular sofas, the refined Eden project, the innovative deconstructed volumes of the Onda collection, and the elegant Calla armchair, blending sophistication with natural inspiration.
  • May 2023: Resortecs joined forces with BekaertDeslee, a prominent mattress textile and sleep solutions industry player. Their collaboration aims to revolutionize mattress cover recycling, elevating the concept of Design for Disassembly from mere fashion to a pioneering solution. By doing so, they aim to tackle the challenge of waste reduction and enhance the recyclability of one of the most intricate textile products in the market.
  • April 2023: Recyc-Matelas Europe, a prominent player in recycling end-of-life mattresses, acquired Ecomatelas, a leading provider of reconditioned bedding in France. This strategic move positions Recyc-Matelas Europe as a pivotal player in France's circular economy. Weinberg Capital Partners and Bpifrance facilitated the acquisition.
  • January 2024: Serta, one of the world's fastest-growing sleep companies, announced the launch of seven new collections available this year across all of Serta, Beautyrest's product platforms. The latest collections are intended to position each brand more strategically with impressive product lineups that offer extraordinary value propositions and feature sets consumers can easily comprehend. They will also provide our retailers with the product assortment to increase step-up sales.
  • November 2023: SSB, a global leader in the sleep industry, opened its new 500,000-square-foot manufacturing plant in Rock County. The new plant would manufacture mattresses under the SSB. Beautyrest and Simmons's brands are expected to retain over 300 local jobs as SSB recovers lost market share over the next several years. SSB has a long manufacturing history in Rock County.
  • April 2024: Brooklyn Bedding introduced its inaugural children's mattress, BB Kids. This launch marks the latest expansion for the sleep products company, owned by 3Z Brands, which recently announced new retail partnerships.
  • January 2023: Boyd Sleep collaborated with Thomasville, a renowned American luxury brand, to launch the Thomasville Artisan Mattress collection, featuring five high-end hybrid models.
  • February 2024: Lovesac and KidSuper unveiled a multi-season collaboration, fusing vibrant street style with luxury home furnishings. Lovesac, renowned for its signature Sacs, considered 'The World's Most Comfortable Seat,' revealed its Fall-Winter 2024 partnership with KidSuper, a fashion label synonymous with avant-garde street style.
  • September 2023: In collaboration with Thoro.ai, Big Joe Forklifts intensified the development of advanced features for their leading AMR. They also bolstered their workforce, focusing on delivering seamless automation solutions to their clientele.
  • August 2023: The Lovesac Company, renowned for its innovative Sactionals, introduced a new addition to its lineup. Dubbed Angled Sides, this modern design boasts sharp edges and an angular silhouette. It blends style with flexibility and total comfort, offering customers a complete home experience.
  • March 2024: Ashley Home, an affiliate of Ashley Global Retail, acquired Resident Home, the parent company behind popular mattress brands Nectar, DreamCloud, Awara, and Siena.
  • January 2024: IKEA's expansion drive recorded a new store opening in Japan's north Kanto region. Ingka Group, the leading retailer of IKEA, plans to bolster its global presence with over 50 new locations. The latest addition was Maebashi, a city of 330,000 residents, just a two-hour drive from Tokyo. Strategically located, the store aims to serve Maebashi and the broader region, home to over seven million people.
  • February 2023: Inter IKEA Group introduced three collections to encourage households to make more sustainable purchases as part of its new transitional range: Vivid Wonderland, Glorious Green, and Simple Serenity.
  • September 2022: Durham Furniture Inc. partnered with Intiaro, a 3D tech company, with an emphasis on 3D strategy and visualization tools to improve the new online and shop experience.
  • April 2024: With over 30 years of experience, Addison House, a prominent furniture retailer, joined the prestigious Haute Design Network, curated by Haute Residence. The renowned CEO, Max Alcalay, graciously accepted this exclusive, invite-only network invitation.
  • September 2023: Lectra, a prominent global entity in the fashion, automotive, and furniture industries, declared the expansion of its "Furniture on Demand" service into Mexico. This move aims to bolster nearshoring efforts, responding to challenges in the supply chain and prevailing economic conditions.

March 2024: Backed by Ashley Global Retail, the furniture chain acquired Resident Home Inc., a leading digital retailer and wholesaler known for focusing on mattresses and bedding accessories. Resident Home Inc. is renowned for its flagship brands, including Nectar, DreamCloud, Awara, and Siena. The acquisition, approved unanimously by boards, expanded Resident Home Inc.'s home furnishing portfolio and amplified its international presence.

February 2024: IKEA unveiled its latest innovation: the IKEA AI Assistant. This AI-driven tool, found solely on the OpenAI GPT Store, is a comprehensive home design, inspiration, and shopping solution. This launch signifies IKEA's commitment to democratizing planning services, aiming to enhance the lives of a broader audience. The assistant provides tailored furniture and decor recommendations, considering room size, style preferences, sustainability leanings, budget constraints, and functional needs.

Home Textile Market in Pakistan Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)