Global Eco Fiber Market – Industry Trends and Forecast to 2029

Eco Fiber Market Analysis and Size

Eco fiber has numerous benefits such as high specific stiffness, strength and low weight. Furthermore, technological advancements in the development of eco fiber textiles providing highly breathable, antimicrobial, hypoallergenic, insulating, U.V. resistant and absorbent characteristics are anticipated to promote their importance in the clothing market during the forecast period.

Data Bridge Market Research analyses that the eco fiber market was valued at USD 44.82 billion in 2021 and is expected to reach USD 66.73 billion by 2029, registering a CAGR of 5.10% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Eco Fiber Market Scope and Segmentation

Market Definition

Eco Fiber is a thin, long, flexible thread-like structure obtained from animals, plants, or mineral sources. Eco fibers are a renewable source with many advantages, such as imparting high specific strength and stiffness, having a desirable fiber aspect ratio, and being readily available from natural sources. Some standard eco fiber extracted from plants include bamboo, cotton,  sisal, and jute.

Global Eco Fiber Market Dynamics

Drivers

• Rising  usage of eco fiber for several purposes

The deployment of eco fiber has shown significant growth in several commercial and industrial applications such as composite parts, building materials, and interiors of automobiles, panels for partition and false ceilings, particle boards, insulation boards, medicine, cosmetics, and composites. These commercial and industrial applications are expected to drive the growth of the eco fiber market.

• Rise the demand of natural fiber  

The demand for silk-based and wool-based products increases the availability of natural fiber in the market. This factor is anticipated to account for an outstanding share due to the easy accessibility of natural fiber with high penetration in the medical and textile products manufacturing industries. The rising demand of natural fiber is expected to boost the eco fiber demand, which is expected to drive the market growth rate.

• Increase the demand in textile industry

Increasing awareness about the sustainable production of textiles, coupled with growing demand for organic clothing and recycling fashion, has spurred the demand of product demand all over the globe. Several organic and other eco-friendly fibers are quickly gaining popularity in the textile industry.

Opportunities

• Rising environmental concern

The rise in awareness of the damage caused by synthetic materials on the environment has led to the growth of environmental materials. The development of eco fiber-based materials can replace synthetic materials. As a result, a rise in demand for eco fiber for commercial use for several industrial sectors will generate immense opportunities for the targeted market in upcoming years.

Moreover, an increase in emerging new markets and strategic collaborations will act as market drivers and further expansion valuable opportunities for the market's growth rate.

Restraints/ Challenges

• Issues associated with eco fiber market

Increasing costs of the product along with the easy availability of low price substitutes are acting as restraints for the growth of the eco fiber market in during the forecast period.

Moreover, the development of low-price production techniques will become the major challenge for the growth of the eco fiber market.

This eco fiber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the eco fiber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Eco Fiber Market

The outbreak of the COVID-19 pandemic rigorously impacts the global eco fiber market. The COVID-19 pandemic led to a decline in the economic growth in almost all developing countries, affecting consumer spending patterns. The textile sector was one of the industries which was badly affected by this pandemic. The business orders of garments dropping by double-digit numbers in the global market. For instance, the European Union (E.U.) and Better Work was initiated a program to improve the working conditions in the garment industry. They decided to improve the garment industry working conditions in countries, such as Vietnam and Bangladesh. Such initiatives are anticipated to revive the sector and increase the demand for eco fibers in upcoming years.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In March 2021, in China, Sateri decided to increase its Lyocell production capacity by increasing its production capability by an addition of 500,000 metric ton a year by 2025. This strategy is anticipated to support Sateri establish sites across China's Jiangsu province. This work already underway on a 100,000 tons facility in Changzhou.

Global Eco Fiber Market Scope

The eco fiber market is segmented on the basis of type, source, product and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Organic
• Manmade/Regenerated
• Recycled
• Natural

 Source

• Animal Skin
• Plant Cellulose
• Others

Product

• Lyocell Fiber
• Polylactic Acid Fiber
• Soybean Fiber
• Regenerated Protein Fiber
• Bamboo Fiber

 End-Use Industry

• Textiles
• Household & Furnishing
• Manufacturing Industry
• Medical
• Automobiles
• Others

Eco Fiber Market Regional Analysis/Insights

The eco fiber market is analysed and market size insights and trends are provided by country, type, source, product and end-use industry as referenced above.

The countries covered in the eco fiber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the eco fiber market in terms of revenue and market share. This is due to the growing demand for the sustainable textile product and the growth of this region's apparel and textile industry.

Europe is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the imposition of stringent regulations to improve the quality of in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Eco Fibera Market Share Analysis

The eco fiber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to eco fiber market.

Some of the major players operating in the eco fiber market are:

• Vrijesh Natural Fibre & Fabrics Pvt. Ltd.(India)
• Trex Company Inc. (U.S.)
• Fiberon (U.S.)
• OECO Textiles (U.S.)
• Barnhardt Manufacturing Company (U.S.)
• Advanced Environmental Recycling Technologies, Inc. (U.S.)
• BComp Ltd (Switzerland)
• The Natural Fibre Company (U.K.)
• UPM (Finland)
• TECNARO GMBH (Germany)
• Procotex (France)
• FlexForm SpA (U.S.)
• China National Cotton Group Corp (China)
• Grasim Industries Limited (Nagda)
• Shandong Ruyi Technology Group Co, Ltd (China)
• COFCO (China)
• Ananas Anam (U.K.)
• BASF SE (Germany)
• Bast Fiber Technologies Inc. (Canada)
• Kelheim Fibres GmbH (Germany)
• Circular Systems (U.S.)
• Evrnu SPC (U.S.)
• Natural Fiber Welding Inc., (U.S.)

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