The global eco-fiber market is projected to grow at an impressive rate through 2028. Ecological Fibers are fiber cultivated or produced through an eco-friendly method where insecticide, pesticide, and harmful chemical is not used while growing. Such thread has a minimum adverse and detrimental impact on the environment. This eco-fiber is extracted from the cellulose of wood pulp, such as linen, ramie, bamboo, and hemp. Due to their characteristics, these fibers have excellent resistance to mold, mildew, and diseases. Thus, there is high demand for clothing/textile, household furnishing, medical, and other sectors.
Owing to its organic and environment-friendly nature, it has received high demand from textile industries. The increasing adoption of eco fibers in different applications due to growing environmental concerns is driving the global eco fiber market. In addition, favorable government policies and technological advancement for new applications propel the eco-fiber market in the forecasted period.
Growing Demand from Textile Industries
Eco-fibers are primarily used in the textile sector. Hence, this industry is expected to be fueled by an increase in luxury and trending stylish clothing, especially among the young and adult population. Eco fibers are often composed of several substances utilized in creating garments, such as hemp, flax, organic cotton, and bamboo. Organic cotton is gaining popularity as a sustainable alternative to conventional cotton worldwide thereby creating opportunities for the growth of global eco fiber market.
Increasing Demand from Healthcare Industry
Recent Developments
The global eco fiber market is witnessing a lot of developments in the form of mergers & acquisitions, new production plant openings, product launches, collaborations & partnerships, among others. All these factors are creating opportunities for the robust growth of market in the coming years. Some of these developments include
- In April 2022,
Teijin Limited launched an eco-friendly staple polyester nanofiber which can be
used in reinforcing rubber in tyres, hoses, belts, etc.
- In March 2022,
Grasim Industries Limited entered into an agreement with Renewcell for
providing high quality LIVA REVIVA fibers.
- In March 2022,
Lenzing AG opened the world’s largest lyocell production plant having a
production capacity of 100,000 tons in Thailand.
Market Segmentation
The global eco fiber market is segmented based on
Market players
Lenzing AG, Grasim Industries Ltd., Shanghai Tenbro Bamboo Textile Co. Ltd., China Bambro Textile (Group) Co., Ltd., Pilipinas Ecofiber Corporation, Teijin Limited, David C. Poole Company, Inc., Polyfiber Industries Limited, Sateri Group, Wellman Advanced Materials LLC are the key players operating in the global eco fiber market.
Attribute
|
Details
|
Base
Year
|
2022
|
Historic
Data
|
2018 –
2021
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Estimated
Year
|
2023
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Forecast
Period
|
2024 – 2028
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Quantitative
Units
|
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028
|
Report
coverage
|
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends
|
Segments
covered
|
·
Type
·
Application
|
Regional
scope
|
North
America; Asia Pacific; Europe; South America; Middle East & Africa
|
Country
scope
|
United States; Canada; Mexico; Germany; France; United
Kingdom; Spain; Italy; China; India; Japan; Australia; South Korea; Brazil;
Argentina; Colombia; South Africa; UAE, Saudi Arabia.
|
Key
companies profiled
|
Lenzing
AG, Grasim Industries Ltd., Shanghai Tenbro Bamboo Textile Co. Ltd., China
Bambro Textile (Group) Co., Ltd., Pilipinas Ecofiber Corporation, Teijin
Limited, David C. Poole Company, Inc., Polyfiber Industries Limited, Sateri
Group, Wellman Advanced Materials LLC.
|
Customization
scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery
Format
|
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