Global Eco Fiber Market: Key Highlights
Global Eco Fiber Market: Key Market Dynamics
Global Eco Fiber Market: Regional Overview
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.
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 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.
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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