May 18, 2022
The Ministry of Economy, Trade and Industry (METI) established the Textile Industry Subcommittee within the Industrial Structure Council in order to examine the future direction of the textile industry toward 2030. The subcommittee has been progressively discussing and examining relevant matters since then.
It has now compiled the Textile Industry's Vision for 2030.
As digital and sustainability developments in Japan and abroad are affecting industrial structures, it is important to address these structural transformations without delay.
In addition, the declining and aging population and the arrival of the 100-year life era in Japan are expected to influence the approaches taken by many industries.
Furthermore, the growth of online consumption through widespread use of the Internet and smartphones and the interactive exchange of information via social media are driving factors for new business creation.
In this environment, the textile industry in Japan has reached a major turning point. With the spread of COVID-19, sales of many textile industry-related companies have fallen, and consumer needs have changed based on the "New Normal."
On the other hand, movements such as DtoC (direct-to-consumer) are becoming more active, and there are moves in new markets such as smart textiles.
In light of the changing industrial and social structures, METI established the Textile Industry Subcommittee within the Industrial Structure Council in order to examine the future direction of the textile industry toward 2030. The subcommittee has been discussing and examining relevant issues.
2. Main details of the Vision
This Vision lays out the textile industry's ideal direction and its future policies, all based on its current state and environmental changes.
The textile industry will move forward with its future policies by positioning areas in which to develop new markets as “Strategic Areas” and areas like sustainability and digitalization which are a prerequisite for business as “Cross-Sectional Areas.”
Strategic Area I: Creating New Business Models
- Creating a virtuous cycle through the Fashion Business Forum
- Cooperating between textile production areas
- Promoting business succession
Strategic Area II: New Market Acquisition through Overseas Expansion
- Building a system for overseas expansion
- Support through tools for overseas expansion
- Addressing sustainability
- Promoting awareness of the EPA
Strategic Area III: Creating Markets through Technological Developments
- Steadily implementing the Technology Roadmap for the Textile Industry
- Using standardization strategically
Cross-Sectional Area I: Promoting Sustainability
- Strengthening efforts for resource circulation
- Promoting responsible supply chain management
Cross-Sectional Area II: Accelerating Digitalization
- Holding the Fashion Business Forum
- Facilitating business model transformations