Asia Pacific Eco Fiber Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation

Asia Pacific Eco Fiber Market Definition:

Eco fibers are those that are produced without the use of pesticides or chemicals. Mould and mildew resistance come naturally to animals. Animal skin (protein fiber) and plants are used to make this fiber (cellulose). Manmade fibers are also known as regenerated fibers. They are artificially created using natural building blocks.

 

Further, the Asia Pacific Eco Fiber market is segmented by product, application and geography. On the basis of product type, the Asia Pacific Eco Fiber market is segmented under organic, manmade, recycled and Natural. Based on the Application, the market is segmented under textile, industrial, medical and household & furnishing. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Asia Pacific Eco Fiber Market COVID 19 Insights:

Because of the temporary lockdown of manufacturing facilities as a result of the COVID-19 epidemic, the textile industry has been significantly impacted, resulting in poor production and decreased product demand. Furthermore, restrictions on imports and export to and from the region have impacted negatively on the supply chain. The pandemic, on the other hand, has increased demand for PPE kits and masks, resulting in significant product consumption. For producing daily masks, the restriction on synthetic fabric has shifted to cotton and linen. Furthermore, the growth in consumer demand for health and hygiene products has raised the demand  for the material during the pandemic, driving the market forward.

 

Asia Pacific Eco Fiber Market Dynamics:

Eco fibers are environmentally friendly, and as a result, they are becoming more popular in textile materials.  The textile sector is a major user of environmentally friendly fiber. Clothing, accessories, and bags were made primarily from these fibers. Eco fiber is also commonly used in the manufacture of household and furnishing items.

 

The highly developed textiles in China and India are likely to drive the growth Asia Pacific market. Furthermore, due to high cotton production and low labor costs, manufacturers prefer to establish manufacturing units 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 diseases, are driving up demand for eco fibers in a variety of applications. Eco fibers are human-friendly and do not damage the environment during the production process.

 

Tarpaulins, geotextiles, bags, carpets, and furniture materials are all examples of household applications for eco fibers. China mostly exports home goods to countries such as India, Pakistan, and Europe. Another area where demand for eco-friendly fibers has lately increased is the packaging. Packaging is the fifth largest sector in India, and it is increasing at a rate of 25-55  %per year. Furthermore, India's goal of eliminating single-use plastic from the country by 2022 is forecast to provide an opportunity for eco-fibers in the packaging market.

 

Market Opportunities

Product Improvements as a Result of Environmental Sustainability Awareness to Create Opportunities

Due to the large amount of fabric waste produced as a result of rising fashion, fiber technology is rapidly developing in order to create more sustainable fibers. This factor is forecast to reduce the market's environmental impact even while providing growth opportunities Natural fibers, in general, provide comfort properties and are more affordable, resulting in increased demand for the product. Cotton is a major natural fiber that is used in a variety of end-use industries in both develop and developing   Asian countries.

 

Furthermore, manufacturers are increasingly making steps in developing alternative material resources that are more suitable for consumer use while also being environmentally friendly. In order to have a more sustainable impact in the fashion sector, fashion brands are also making changes in the supply chain and choosing for eco-friendly fibers. The growing trend of using less synthetic fiber has provided opportunities for growth in this market.

 

Asia Pacific Eco Fiber Market Segment Analysis:

By Application, Due to the high demand for casual wear, formal wear, and attractive clothes among all age groups, the textile or apparel application segment led the market and accounted for 58.88% of the region's revenue in 2023. Over the forecast period, rising product demand for any garment products is expected to support the segment's growth.

 

Another important aspect driving the market is the increased use of luxury and trendy fashionable clothing, particularly among the youth and adult population. Furthermore, growing the availability of various apparel options for newborns and children is forecast to have a beneficial impact on overall textile consumption by 2030, fueling segment growth.

 

Due to its superior features and long-term durability, eco fiber is used in a variety of industrial and construction applications. This product has utilized the construction of dams, tunnels, and home structures. The Asia Pacific region's rapidly increasing manufacturing sector is expected to drive demand for the product in industrial applications.

 

Consumer preferences for a soft feel, shape-retaining fabrics, and smooth texture are forecast to favor a positive impact on household textile consumption. Over the forecast period, rising demand for household textiles, such as carpets and rugs, curtains, chair seats, sofa cushions and coverings, and other home furnishings, is expected to drive category growth.

 

 

By Product, Due to increased demand for textile fibers devoid of toxic chemicals, the manmade or regenerated product segment led the market and accounted for 65.08 % of revenue in the Asian area in 2023. Over the forecast period, the rapidly increasing medical textiles industry in India and China is expected to drive the category.

 

Herbicides, chemicals, and pesticides are not used in the production of organic eco fibers. The product's growth conditions are monitored closely and inspected by certified agencies all around the Asian country. Due to its superior properties, organic cotton is the most widely utilized eco fiber across a wide range of end-use sectors.

 

Concerns about the harmful effects of synthetic materials on the environment have driven demand for organic eco fiber in recent years. Organic cotton is a long-lasting raw material that is less likely to cause allergies, making it perfect for use in clothing and other applications. Over the forecast period, this is expected to boost segment growth.

 

Regenerated fibers are a key component of man-made fiber, and they're formed artificially using proteins or cellulose. Proteins such as soy, corn, peanuts, and milk are often employed in the manufacturing of regenerated fibers. The rapidly growing medical textiles market is expected to get plenty of opportunities for regenerated eco fiber to grow.

 

Asia Pacific Eco Fiber Market Key Players Insights:

The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.

 

The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.

 

The objective of the report is to present a comprehensive analysis of the Asia Pacific Eco Fiber market to the stakeholders in the industry. The report provides trends that are most dominant in the Asia Pacific Eco Fiber Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Eco Fiber Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Asia Pacific Eco Fiber market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Asia Pacific Eco Fiber market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Eco Fiber market.

 

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Eco Fiber market. The report also analyses if the Asia Pacific Eco Fiber market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Eco Fiber market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Eco Fiber market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Eco Fiber market is aided by legal factors.

 

Asia Pacific Eco Fiber Market Scope:

Asia Pacific Eco Fiber Market Scope
Market Size in 2023	USD 37.67 Bn.
Market Size in 2030	USD 66.68 Bn.
CAGR (2024-2030)	8.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Product Organic Manmade /Regenerated Recycled Natural
	By Application Textile/Apparel Industrial Medical Household &Furnishing Others
Country Scope	China India  Japan  South Korea Australia  ASEAN Rest of APAC

 

Asia Pacific Eco Fiber Market Key Players: 

• Polyfiber Industries (India)
• Shanghai Tenbro Bamboo Textile Co.Ltd (China)
• Grasim Industries (India)
• China Bambro Textile Group Co.Ltd (China)
• Teijin Limited (Japan)