The Global Eco Fibers Market Size is valued at 53.71 billion in 2023 and is predicted to reach 102.43 billion by the year 2031 at an 8.56% CAGR during the forecast period for 2024-2031.
Eco Fibers are a category of fibers that don't require chemicals or pesticides to thrive. These fibers are microbial, mildew, and disease-free resistant. The product's main components are hemp, bamboo, ramie, and linen, providing natural and eco-friendly fiber for clothing and textiles.
Due to advanced technologies, products with microbial resistance, UV resistance, and breathable qualities have been developed. Growing demand for textile products for commercial, residential, and garment uses is causing the industry to expand. Textile producers invest in natural and organic eco fibers to further decrease garment waste.
The adoption of bio-based and organic fibers has also been influenced by governmental restrictions that limit the excessive use of synthetic and artificial fiber, which has accelerated the expansion of the eco fiber market. The enormous amount of fabric waste generated by rising fashion has sped up the development of fiber technologies to make more environmentally friendly fibers. This is anticipated to lessen the environmental impact and open new market expansion prospects.
The textile/apparel, automotive, and medical industries are all expanding faster than the fashion industry. The demand for these fibers is rising as a result of the expansion of these industries. As a result, the demand for the product will increase due to the increasing usage of fabric in various applications, including interior design, covering, and furnishing.
Recent Developments:
- In Nov 2022, LYCRA® naturalFXTM technology, an unique textile finishing method for 100% cotton knit clothing developed for mass market applications, was introduced by the LYCRA Company. This application, created in conjunction with HeiQ, an industry leader in performance finish technologies, is the latest example of both businesses' continued efforts to offer more creative and sustainable textile solutions to customers around the world.
- In Oct 2021,Bcomp has announced a number of new developments, including the incorporation of natural fibre interiors into racecars, the next stages for McLaren's Formula 1 (F1) racing seats, and recent acknowledgment for the company's achievements. In addition, the company highlighted new improvements for car interiors, results of sustainability assessments for ampliTEX and powerRibs reinforcements, and recent technological recognition.
Competitive Landscape:
Major key players in the eco fibers market are:
- Aditya Birla Management
- Ananafit
- Aquafi
- Bcomp
- China Bambro Textile Co Ltd.
- David C. Poole Company, Inc
- Ecological Fibers.
- Enkev Bv
- Envirotextiles
- Esprit Global
- European Industrial Hemp Association
- Foss Performance Materials
- Grasim Industries Limited
- Greenfibres
- Hayleys Fibers
- Lenzing AG
- Pilipinas Ecofiber Corporation
- Polyfibre Industries
- Shanghai Tenbro Bamboo Textile Co. Ltd.
- Teijin Limited
- The LYCRA Company
- US Fibers
- Wellman Advanced Materials
- Other Prominent Players
Market Segmentation:
The eco fibers market is segmented on product type and application. Based on product type, the market is segmented into natural fibers, regenerate/manmade fibers, recycled fibers and organic fibers. Based on application, eco fibers market is segmented into textile/apparel, industrial, medical purposes, household & furnishing and others.
Based on product type, the organic fibers segment is accounted as a major contributor to the eco fibers market.
The organic fibers category grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time ascribed to shifting consumer tastes toward more environmentally friendly items. According to Textile Exchange, the expansion of the organic fiber market would be driven by organic cotton production, which reached 239 KT in 2019. The portion of manmade fibers that are produced from cellulose and sugar comprises synthetic fibers like rayon and lyocell. Due to the low cost and ease of processing of the fibers, this market segment has dominated.
The textile/apparel segment witnessed growth at a rapid rate.
The textile/apparel category is anticipated to grow significantly over the forecast period ascribed to the expanding fashion industry globally. The demand for fabrics is rising as a result of the rise in popularity of various clothing kinds, including formal attire, casual attire, and designer apparel. In order to stay up with trends, young people are more drawn to owning things from upscale brands thanks to the strengthening economies of various important nations.
The Asia Pacific eco fibers market holds a significant revenue share in the region
The Asia Pacific eco fibers market is expected to register the highest market share in revenue in the near future. Due to its rapid economic expansion, which was aided by its growing population, the region represented the biggest value on the world market. The increase in demand for fiber from garments and industrial applications is driving the market in the region. Industries, including textile, automotive, and construction, are expanding, driving product consumption. In addition, North America is projected to grow rapidly in the global eco fibers market. The area's market is primarily driven by the medical industry, helped by technology advancements that allow for the environmentally friendly disposal of medical waste. The area's market is driven by efforts to reduce medical waste and create more sustainable products.
Eco Fibers Market Report Scope:
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 53.71 billion |
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Revenue forecast in 2031 |
USD 102.43 billion |
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Growth rate CAGR |
CAGR of 8.56% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume in Kiloton and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
Product Type And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Aditya Birla Management, Ananafit, Aquafi, Bcomp, China Bambro Textile Co Ltd., David C. Poole Company, Inc, Ecological Fibers, Enkev Bv, Envirotextiles, Esprit Global, European Industrial Hemp Association, Foss Performance Materials, Grasim Industries Limited, Greenfibres, Hayleys Fibers, Lenzing AG, Pilipinas Ecofiber Corporation, Polyfibre Industries, Shanghai Tenbro Bamboo Textile Co. Ltd., Teijin Limited, The LYCRA Company, US Fibers, Wellman Advanced Materials, and Other Prominent Players. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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