The Eco Fibers Market: Overview
The Eco Fibers Market is valued at around USD 52.0 billion in 2022 and is expected to reach USD 78.3 billion by 2033, registering a CAGR of 8.5% over the forecast period. Fibers that are not grown chemically or with the aid of pesticides are known as eco fibres or eco-friendly fabrics. They are free of illness, mould, and millable. Due to their health and environmental friendliness in the flow operations, these fibres are being used more frequently in the production of textiles. Eco-fibres come in a variety of materials, including hemp, bamboo, soy, upcycling, and recycled materials. Numerous environmental fibres are utilized in the textile industry to create clothing, luggage, and accessories. Additionally, it is utilized to create materials for homes and furniture. Bandages, adult and baby diapers, medical gowns, and napkins are all made with these fibres.
Report Scope
Report Attributes | Description |
Market Size in 2022 (Value) | USD 52,000 million |
Market Forecast in 2033 (Value) | USD 78,300 million |
CAGR % 2023-2031 | 8.5% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type and Application |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | SATERI, Aditya Birla Management Corporation Pvt. Ltd (Grasim Industries Limited), Universal Fibers Inc., LENZING AG (ECOVERO), and Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd, among others. |
Over the course of the forecast period, the market is expected to develop as a result of growing worries about the negative effects that utilizing synthetic fibres has on the environment. Designer clothing and apparel are increasingly using eco-friendly fabrics. Over the forecast period, technological developments in the creation of eco-fiber textiles with antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent properties are anticipated to increase their significance in the apparel market. As the textile enterprises in the nation concentrate on creating efficient work processes, restructuring their operations, and investing in specialty products and markets, the market in the United States is anticipated to experience significant expansion. This has in turn turned out to be helpful for the industry's expansion.
The Eco Fibers Market – Market Trends
• The industry's growing use of synthetic cellulosic fibres and rising demand from developing countries are the primary factors driving the growth of the eco fibre market. Market limitations include expensive production processes and the availability of cheaper substitutes like synthetic fibres.
• Market opportunity for regenerated cellulose can be found in the adoption of innovative new technology. The growth of low-cost production techniques and issues with the cotton textile sector are also the major obstacles facing ecofibers today.
• The rising demand for eco-friendly clothing and textiles is the main factor driving the global market for eco fibres. More and more apparel manufacturers are switching to organic or eco-friendly fibres as a result of the growing awareness of the negative environmental effects of utilising synthetic fibres.
• In addition, strict guidelines developed by numerous countries throughout the world encouraging the production of bio-based items have pushed regional clothing producers to use natural or eco-friendly raw materials that minimize pollution levels.
The Eco Fibers Market – Segmental Insights
Eco fibers are sustainable and environmentally friendly fibers that are produced using natural or recycled materials. The demand for eco fibers in the industrial sector is driven by the increasing focus on sustainability and environmental concerns, as well as the growing demand for eco-friendly products from consumers.
In the industrial sector, eco fibers are used in a wide range of applications, such as textiles, automotive parts, construction materials, and packaging. For example, eco fibers such as organic cotton, hemp, and bamboo are used to make textiles that are eco-friendly and sustainable. Recycled materials such as PET bottles are also used to make fibers that are used in the production of automotive parts, construction materials, and packaging.
The demand for eco fibers in the industrial sector is expected to continue to grow in the coming years due to increasing government regulations and consumer demand for sustainable and environmentally friendly products. Additionally, advancements in technology are leading to the development of new and innovative eco fibers that have unique properties and can be used in a wide range of industrial applications.
Overall, the demand for eco fibers in the industrial sector is expected to grow as more companies adopt sustainable and environmentally friendly practices and seek to reduce their carbon footprint.
The Eco Fibers Market –Regional Analysis
Asia-Pacific dominated the global Eco Fibers Market, especially influential are China's and India's highly developed textile industries. Additionally, because of the high cotton production and affordable labour costs in nations like China, India, Bangladesh, and Pakistan, manufacturers choose to establish manufacturing facilities there.
The demand for eco fibres in various applications is rising as a result of expanding environmental problems brought on by the usage of various chemicals in textiles and a sizable section of the population becoming afflicted by various diseases. Even throughout the production stage, eco fibres do not harm the environment and are friendly to humans.
Japan is known for its high demand for eco-friendly products, and the demand for eco fibers is no exception. The demand for eco fibers in Japan is driven by the country's focus on sustainability and environmental concerns, as well as the growing demand for eco-friendly products from consumers. In recent years, the Japanese government has implemented various policies and regulations to promote the use of eco-friendly materials in various industries, including the textile and automotive industries.
In the textile industry, eco fibers such as organic cotton, linen, and hemp are increasingly being used to make eco-friendly and sustainable clothing. In the automotive industry, recycled materials such as PET bottles are used to make fibers that are used in the production of automotive parts.
Additionally, Japanese companies are investing in research and development to develop new and innovative eco fibers that have unique properties and can be used in a wide range of industrial applications. For example, a Japanese company has developed a new eco fiber made from discarded crab shells, which can be used in the production of eco-friendly clothing.
Overall, the demand for eco fibers in Japan is expected to continue to grow in the coming years as more companies adopt sustainable and environmentally friendly practices, and consumers become more aware of the impact of their purchasing decisions on the environment.
Competitive Landscape
Lenzing AG: This Austria-based company is one of the leading manufacturers of eco-friendly fibers, such as Tencel and Modal, which are made from sustainably sourced wood pulp. The company has been focusing on expanding its product portfolio by developing new eco-friendly fibers, such as Refibra, which is made from a blend of recycled cotton scraps and wood pulp.
Teijin Limited: This Japan-based company is a leading supplier of eco-friendly fibers, such as Teijinconex meta-aramid fibers, which are used in various industrial applications, including flame-resistant clothing and thermal insulation materials. The company has been focusing on investing in research and development to develop new eco-friendly fibers with unique properties and expanding its market presence in the global eco fibers market.
Grasim Industries Limited: This India-based company is a leading producer of viscose staple fiber, which is an eco-friendly fiber made from sustainably sourced wood pulp. The company has been focusing on expanding its market presence by investing in research and development to develop new eco-friendly fibers and expanding its production capacity to meet the growing demand for eco-friendly fibers in the global market.
Patagonia, Inc.: This US-based outdoor clothing company has been focusing on using eco-friendly fibers, such as organic cotton, recycled polyester, and Tencel, in its clothing products. The company has been focusing on expanding its product portfolio by developing new eco-friendly materials and partnering with other companies to promote sustainable and environmentally friendly practices in the textile industry.
Birla Cellulose: This India-based company is one of the largest producers of viscose fiber, which is an eco-friendly fiber made from sustainably sourced wood pulp. The company has been focusing on expanding its market presence in the global eco fibers market by investing in research and development to develop new eco-friendly fibers and expanding its production capacity to meet the growing demand for eco-friendly fibers.
Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
§ Business Model
§ Production Capacity, Revenue, Sales, Gross Margin
§ Key Business Strategy
§ SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
§ Company Share Analysis from 2018-2022
§ Company Analysis by Revenue and Sales
§ Company Production Capacity, Gross Margin
§ Company Share Analysis by Application/End Use
§ Company Share Analysis by Product/Specification
By Application
• Clothing/textile
• Household and furnishings
• Industrial
• Medical
• others
By Type
• Organic fibres
• Recycled fibres
• Regenerated fibres
• others
Companies
SATERI
Aditya Birla Management Corporation Pvt. Ltd (Grasim Industries Limited),
Universal Fibers Inc.,
LENZING AG (ECOVERO),
Tangshan Sanyou Group
Xingda Chemical Fibre Co. Ltd
By Region
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o France
o UK
o Italy
o Spain
o Russia
o Rest of Europe
· Asia Pacific
o China
o Japan
o India
o Australia
o South Korea
o ASEAN
o Rest of APAC
· South America
o Brazil
o Argentina
o Chile
o Rest of South America
· Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA
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