Eco Fiber Market To Reach USD 88.7 Billion In 2027 | CAGR 8.6% - Forencis Research

Eco Fiber Market Size, Share, Trends, Growth, Analysis, Research

Global Eco Fiber Market: Key Highlights

  • According to the new market research report Eco Fiber Market by Source (Aloe Vera, Cotton, Bamboo, Banana, Coir, Corn, Hemp, Jute and Ramie) by Type (Organic, Synthetic and Recycled) by Application (Clothing and Apparel, Home Furnishing, Packaging, Healthcare, Construction, Paper and Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast From 2020To 2025, the global eco fiber market is estimated to reach USD 88.7 Billion in 2027 at a CAGR of 8.6% during forecast period 2020-2027.
  • The eco fiber market is experiencing growth owing to increasing concern regarding environmental degradation coupled with higher demand of eco fibers from textile sector
  • However, high cost of eco fibers is the key restraint impacting the overall market growth during the forecast period.

Eco fiber Market

Global Eco Fiber Market: Key Market Dynamics

  • Eco fiber market is witnessing growth on account of higher environmental concern by the manufacturers and end use customers regarding conventional fiber processing
  • Increasing demand from textile sector owing to higher contribution of textile processing in global pollution across the globe is another factor boosting the market growth
  • High cost of the eco fibers owing labor intensive process without use of pesticides or chemicals is hampering the overall market growth
  • Emergence of new source of eco fibers is posing an opportunity to the market growth

Global Eco Fiber Market: Regional Overview

  • Asia-Pacific

In Asia Pacific, the textile industry is experiencing boom owing to presence of prominent contributors such as China. As per the Federation of Indian Chambers of Commerce & Industry, China has gained top rank in the global apparel market with the market share over 50%. This, is boosting the overall apparel market in Asia Pacific. Increasing shift of the textile manufacturers towards zero waste manufacturing is boosting the market growth further. Rise in middle class population, increasing per capita income, higher spending on clothing and fashion in the Asian countries is further pushing the market growth.

  • Europe

Rise in textile and apparel sector in Europe owing to reduction in clothing prices with higher rate of adoption of fashion to the potential consumers. Higher spending on the clothing by the potential population is projected to push the market growth higher. Increasing export of the textiles globally has positioned the EU in the second position in the global export ranking, as China holds the top position. Higher environmental concern in the region is projected to push the regional market growth.

Global Eco Fiber Market: Key Players Overview

  • Lenzing AG:

Lenzing AG is the Austria based company that operates in wood based fibers, modal fibers, lycocell fiber, and filament yarn. The company offers its product line as Tencel, Ecovero, veocel, and Lenzing. It company also operates in mechanical and plant engineering. Lenzing AG focuses on expansion of the product range. In 2019, the company announced introduction of REFIBRA technology for production Tencel lycocell fibers.

  • Teijin

Headquartered in Japan, Teijin Ltd operates in the chemical, pharmaceutical and information technology sector. It delivers products such as aramid, carbon fibers, films and sheets, composites, and fibers among others. The product range for fibers includes eco circle fibers, eco circle plant fibers, and eco pet materials, which is used in apparels, household goods, vehicles cushioning, industrial materials

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Rep Id : CM 044

Published : 2020-02-04

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