Eco Fiber Market: Global Industry Analysis and Forecast

Eco Fiber Market Definition:

Eco-friendly fiber is a long-lasting fiber that resists mildew and mold and does not require the use of chemicals or pesticides. Fiber's increasing use in commercial, residential, and garment applications is likely to enhance product demand. Furthermore, as the need for sustainable fibers grows, environmentally friendly approaches for producing effective fibers are being adopted. Furthermore, textile manufacturers make significant investments in the development of natural and environmentally friendly fibers in order to eliminate the problem of waste fabrics. In the next years, these factors are expected to boost the market growth.

 

Further, the Eco Fiber market is segmented by Type, Application and geography. On the basis of Type, the Eco Fiber market is segmented under Organic Fibers, Recycled fibers, Regenerated fibers and others.  Based on the Application, the Eco Fiber market is segmented under Clothing/Textile, Households & Furnishings, Industrial, Medical and Others. By geography, the market covers the following Regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Covid-19 Effect on the Market

Because of the manufacturing restrictions, this market is expected to be negatively affected during the COVID-19 pandemic. The rise in COVID-19 cases forced governments to strictly enforce lockdown regulations. Furthermore, transportation restrictions resulted in a shortage of raw materials needed to manufacture the fiber. Manufacturers was able to recover costs and increase annual revenues due to lockdown relaxations and the deployment of production machinery, sanitization measures, social distancing, and reduced capacity.

 

Eco Fiber Market Dynamics:

Over the forecast period, raising concerns about the harmful effects of synthetic fibers on the environment is expected to benefit the market's growth. Fancy clothes and garments are increasingly using eco fibers. Over the forecast period, technological advances in the creation of eco fiber textiles with antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent properties are likely to boost their importance in the clothing market.

 

Market Opportunity

Emerging economies' increasing demand for sustainable fibers will help to drive market development.

The growing demand for eco-friendly fibers is likely to be driven by the medical, automotive, and textile/apparel industries. Emerging economies' rapid adoption of sustainable fabrics is forecast to increase its adoption. The acceptance of high-quality products and goods is influenced by increased disposable incomes and shifting purchasing preferences. In addition, the growing use of fabric in interior design, covering, and furnishing is likely to drive market growth. Furthermore, the fiber's increasing adoption in the medical sector for surgical masks, beddings, surgical uniforms, and other applications could enhance sales. These factors may help to drive the eco-fiber market significantly.

 

Factors driving the textile Sector around the country include the fast-developing online fashion sector, an increase in disposable income, and the development of high-quality innovative textiles. Furthermore, the government's strict environmental rules have encouraged local clothing producers to use greener raw materials and environmentally friendly processes.

 

Rapid price increases in organic cotton and other eco-friendly alternatives have had a negative effect on market growth. High fertilizer costs, expensive organic production equipment, and frequent poor harvests owing to climatic abnormalities are all issues that have contributed to a significant decline in sales of eco fiber products..

 

Eco Fiber Market Segment Analysis:

By Type, The market is divided into organic fiber, recycled fiber, regenerated fiber, and others based on type. Organic fiber is forecast to increase at the quickest rate between 2024 and 2030, due to a change in customer preferences toward more environment-friendly materials. Organic cotton production increased to 240 KT in 2023, according to Textile Trade, and will drive organic fiber segment growth. Manmade fibers such as rayon and lyocell, which are derived from cellulose and sugar, are included in the regenerated fiber sector. This sector dominated the market due to the low cost and ease of processing of the fibers. Because regenerated fiber has better long-term sustainability features like comfort and fiber strength, it is in high demand.

 

Fibers recycled from polyamide and polyester collected from plastic waste are included in the recycled fiber section. The segment is being driven by environmental benefits and recyclable properties. Furthermore, Textile Exchange's recycled polyester market share has increased from 28% of total PET fiber in 2022 to 40% in 2023. Silk, leather, and wool fibers are among them. All of these fibers are made naturally and have no negative impact on the environment. For generations, they've also been used in the textile sector. The growing popularity of branded and aesthetically appealing clothes made of wool and silk is driving the segment's growth.

 

 

By Application, The market is divided into clothing/textile, household & furnishings, industrial, medicinal, and other categories based on application. The highest application share in the market was in the clothing/textile segment, which can be attributed to the fashion industry sector's development. Fabric demand is rising due to an increase in demand for various sorts of clothing, such as designer garments, casual wear, and formal dress, based on age groups. The desire to buy fancy brand products among the younger generation to keep up with trends is being fuelled by the growing economies of numerous major countries. The material is used to make curtains, table mats, napkins, and covers in the household & furnishings sector. The population's increasing demand for these products is expected to propel the category ahead.

 

Consumer spending on disease prevention and good health is driving growth in the medical market. Masks, gloves, and medical gowns are made from the goods, which have natural antimicrobial qualities. Eco Fiber is used in the construction of tunnels and dams, among other industrial applications. Other applications for the fibers include seat coverings, interior décor, and packaging in the automobile and transportation and packaging segments. The automobile industry is booming, which means more Eco Fiber is being consumed, driving the market ahead.

 

Eco Fiber Market Regional Insights:

The highly developed textiles in China and India are likely to drive the growth of Asia Pacific to the top of the market. Furthermore, due to high cotton production and low labor costs, businesses prefer to establish manufacturing units in China, India, Bangladesh, and Pakistan.

 

Due to rising demand for garments and sustainable textiles, Asia Pacific dominated the market and accounted for 50.01 % of revenue in 2023. Over the forecast period, rising consumer preference for smooth textured fabrics and a growing population in the region are expected to drive demand for the product.

 

The textiles and apparel market in North America is expected to increase significantly over the forecast period, resulting in rising demand for textiles for filtering and separation applications, as well as protective clothing. Textile demand is forecast to rise in response to the increased development of eco-friendly solutions for various industrial applications, increasing market growth.

 

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 global market, key players in the market, particularly in North America and Europe, 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 Global Eco Fiber market to the stakeholders in the industry. The report provides trends that are most dominant in the Global 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 Global 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 Global 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 Global 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 Global 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 Global Eco Fiber market. The report also analyses if the Global 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 Global Eco Fiber market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Global Eco Fiber market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Global Eco Fiber market is aided by legal factors.

 

Eco Fiber Market Scope:

Eco Fiber Market
Market Size in 2023	USD 58.74 Bn.
Market Size in 2030	USD 110.88 Bn.
CAGR (2024-2030)	9.5 Percent
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Organic Fibers Recycled Fibers Regenerated Fibers Others
	By Application Clothing /Textile Household & Furnishings Medical Industrial Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

Eco Fiber Market Key Players:   

• Lenzing AG (US)
• US FIBERS (US)
• Polyfiber Industries(India)
• Grasim Industries(India)
• Shanghai Tenbro Bamboo Textile (China)
• China Bambro Textile Group (China)
• Pilipinas Eco fiber  Corporation(Pilippines)
• Teijin Limited (Japan)
• Foss Performance Materials (US)
• David C.Poole Company (US)

 

Regional Breakdown:

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

 

North America Eco Fiber Market: Industry Analysis and Forecast (2024-2030)

 

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