Market Overview:
The Global Eco Fiber Market size is expected to grow from USD 81.56 billion in 2022 to USD 179.99 billion by 2030, at a CAGR of 10.4% during the forecast period (2023-2030).
Environmentally friendly fabrics are created from pesticide-free or chemical-free fibers. They are disease-free and naturally resistant to mold and fungus. Eco-friendly fibers include hemp, linen, bamboo, and ramie. Over the forecast period, rising worries about the detrimental effects of synthetic fibers on the environment are expected to support the Eco Fiber Market's growth. Designer clothes and textiles are increasingly using eco fibers. Over the forecast period, technological advances in the creation of eco fiber fabrics with an antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent properties are likely to boost their relevance in the Eco Fiber Market.
Top Key Players for Eco Fiber Market:
LENZING AG, Grasim Industries Limited, TEIJIN LIMITED., Wellman Advanced Materials, US Fibers, David C. Poole Company Inc, Foss Performance Materials, Polyfibre Industries,Shanghai Tenbro Bamboo Textile Co. Ltd, Tangshan Sanyou Group Xingda Chemical Fibre Co.Ltd, Pilipinas Ecofiber Corp., Enkev B.V., Esprit Global Image, EnviroTextiles. LLC, Hayleys Fibre, Aquafil S.p.A., Greenfibres, Bcomp Ltd., C&A Mode GmbH & Co. KG, Inditex and Other Major Players.
Market Dynamics and Factors for Eco Fiber Market:
Drivers:
Rising Demand For Sustainable Clothing In The Fashion Industry Boosting The Eco-Fiber Market.
Factors propelling the textile business throughout the world include the fast-developing online fashion sector, increased disposable income, and the creation of high-quality novel textiles. Furthermore, the government's strict environmental rules have pushed local clothing producers to use greener raw materials and ecologically friendly processes. Eco fibers are ecologically friendly, and as a result, they are becoming more popular in textile materials. Eco fibers are created from a variety of materials, including hemp, flax, organic cotton, and bamboo, and are used to make garments. Organic cotton, for example, is gaining popularity as a sustainable alternative to conventional cotton on the worldwide market.
Opportunities:
Increasing Eco-Friendly Application In Fabric Manufacturing
In the Eco Fiber market, Banana fiber has made fair attention due to its eco-friendly application in fabric manufacturing. The banana fibers are good moisture absorbent, highly breathable, quickly dry with high tensile strength. The fiber length varies greatly depending on the precise source and treatment of the fiber during fiber extraction. If the fiber is removed from the full length of the sheaths, the average length ranges from 3 to 15 ft. Compared to cotton fiber the moisture regains percentage of banana fiber is high of about 11-15%.
Segmentation Analysis of the Eco Fiber Market:
By Type, Organic fiber is expected to dominate the Eco Fiber Market during the forecasted period. Organic fiber is predicted to increase at the quickest rate between 2021 and 2028, owing to a shift in customer preferences toward more environmentally friendly products.
By Source, Plant Cellulose is dominating the segment in Eco Fiber Market. Flax, jute, sisal, hemp, and kenaf are all plant-based fibers that have been employed in the production of biocomposites. Natural fibers have a high strength-to-weight ratio, are non-corrosive, have a high fracture toughness, are renewable, and are environmentally friendly, giving them distinct benefits over other materials.
Regional Analysis of the Eco Fiber Market:
The Asia Pacific is dominating the Eco Fiber Market. The highly developed textile industries in China and India drives the market. Furthermore, due to high cotton output and low labor costs, businesses choose to establish manufacturing operations in China, India, Bangladesh, and Pakistan. Growing environmental concerns as a result of numerous chemicals used in textiles, as well as a big proportion of the population suffering from various ailments, are driving up demand for eco fibers in a variety of applications. Eco fibers are human-friendly and do not harm the environment throughout the manufacturing process. Tarpaulins, geotextiles, bags, carpets, and furniture materials are all examples of domestic applications for eco fibers.
Key Industry Development:
In June 2021 Lenzing & Catania – The Lenzing Group, a world's leading producer of wood-based specialty fibers, has teamed up with Orange Fiber, an Italian company that has patented the pulp production process for citrus by-products, to create the world's first TENCELTM labeled lyocell fiber made of orange and wood pulp.
In May 2021, At the Lenzing location, the Lenzing Group developed and commissioned an air purification and sulfur recycling plant. The corporation invested approximately USD 55 million in the system, which cuts CO2 emissions by 15,000 tonnes.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- US
- Canada
- Mexico
Eastern Europe
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Russia
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
