PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565687
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1565687
The Eco Fiber Market was estimated at USD 47,154.2 million in 2023, growing at a CAGR of 8.20% between 2024 and 2032.
Eco fibers are fibers that develop without the usage of pesticides or chemicals. These fibers are mold and mildew-resistant, as well as devoid of disease. The product mostly consists of linen, ramie, bamboo, and hemp, which produce organic and environmentally beneficial fiber for textile and garment applications. Advanced technology has resulted in the development of items that are microbe-resistant, UV-resistant, and breathable.
Eco Fiber Market- Market Dynamics
Growing Awareness Regarding Environmental Sustainability to Drive Market Growth
Environmental sustainability has been a significant growth driver for this market for years now. Consumers are also becoming more aware of the environmental consequences of conventional textile production. Thus, they gravitate towards sustainable alternatives. This shift in consumer behavior pushes brands to follow an eco-friendly approach and use organic cotton, recycled polyester, and biodegradable fibers. Especially, governments and organizations ensure sustainability through many regulations and initiatives promoting the usage of eco-fibers. This heightened awareness influences purchasing decisions and drives innovation in the industry as companies strive to meet the growing demand for sustainable products with the increased growth of the market.
Eco Fiber Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 8.20% from 2024-2032.
According to Product segmentation, Organic eco fibers are predicted to achieve the highest CAGR during the projection period.
According to application segmentation, the textile application category led the eco-fiber market in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Eco Fiber Market is divided into three segments: Product, application, and region.
The market is divided into four divisions based on Products: Organic, Manmade/Regenerated, Natural, And Recycled. Organic ecofibers are projected to have the highest CAGR during the projection period. Organic eco fibers are grown under controlled conditions with no herbicides, chemicals, or pesticides. Certified authorities across the world closely monitor and verify the growing conditions for organic eco fibers. Because of its exceptional properties, organic cotton is the most widely utilized eco-fiber in a variety of industries.
The market is segmented into five segments according to application: Industrial, Household & Furnishing, Medical, Textiles/Apparel, and Others. The textile application category dominated the eco-fiber market in 2023, and this trend is likely to continue during the forecast period. The segment accounted for 5,750.7 kilotons of volume, owing to the constantly expanding global demand for clothing/garments. Eco fibers are utilized in a variety of fashion products, including shirts, coats, and children's clothing, as well as bed sheets, pillow covers, bags, sacks, landfill covers, and medical textiles.
Eco Fiber Market- Geographical Insights
Geographically, this market is distributed over North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. These regions are further segmented according to the countries bringing commerce. The Asia Pacific area is predicted to have the biggest demand over the study period. The eco fibers market is expanding its roots in several Asian countries as awareness of ecologically friendly raw materials grows, contributing to sustainable growth in India, Japan, China, and other APAC countries. Furthermore, Asia Pacific has dominated in recent years by occupying substantial market shares, expanding population, and preferences for smooth textured fabric, recycling fashion, and organic clothes produced in an environmentally friendly manner with no CO2 emissions.
The North American industry is expected to increase rapidly in the coming years, assisting the overall market is growing positively. North America is experiencing a surge in demand for environmentally friendly solutions for everything, including eco-friendly textiles, and moving toward sustainable practices for future living. They require textiles for filtration and separation applications, as well as protective apparel. It will certainly increase market growth and have a good impact on the market.
The market's leading players are US Fibers, Polyfibre Industries, Grasim Industries Ltd., David C. Poole Company, Inc., and Shanghai Tenbro Bamboo Textile Co. Ltd. These businesses compete not only on product quality and innovation but also on their dedication to environmental responsibility, attracting an increasing number of environmentally concerned customers. As demand for eco-friendly textiles grows, these important businesses are likely to broaden their offers and strengthen their sustainability programs.
In April 2023, Lenzing AG launched a new line of Tencel Modal fibers derived from sustainably farmed beech wood. The new line aims to provide a more sustainable alternative to typical viscose fibers.