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

Europe Eco Fiber Market Definition:

Eco fibers are those that are produced without the use of pesticides or chemicals. Mold and fungal resistance come naturally to them. Animal skin (protein fiber) and plants (Cellulose) provide these fibers. Manmade fibers are another name for regenerated fibers. They are artificially created with the use of natural building blocks. Bamboo, hemp, soy, and recycled and upcycled materials are examples of eco fiber.

 

Further, the Europe Eco Fiber market is segmented by  type, application, and geography. On the basis of  type, the Europe Eco Fiber market is segmented under Organic fiber , Recycled fiber, and Regenerated fiber. Based on the Application, the market is segmented under the  Textile, Household & Furnishing, Industrial and Medical. By geography, the market covers the major countries in Europe i.e., Italy, Germany, United Kingdom, Russia, France and Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).

 

 

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Europe Eco Fiber COVID 19 Insights:

Because of the manufacturing restrictions, this market is forecast to be negatively impacted during the COVID-19 pandemic. The rise in COVID-19 incidents prompted governments to impose strict lockdown regulations. Furthermore, transportation restrictions resulted in a shortage of raw materials required to manufacture the fiber. Manufacturers were able to recover expenses and increase annual revenues due to lockdown relaxations and the adoption of production machinery, sanitization measures, social distancing, and lower capacity.

 

Europe Eco Fiber Market Dynamics:

The increased production of automobiles in Europe is expected to boost product demand. Its use in the production of seat covers, interiors, linings, and handle covers is forecasted to rise in sales. These elements may help the market grow.

 

During the last few years, the rise of natural fibers has stayed constant. Various sources estimated their total share of the fibers market to be between 45 and 55 %. Man-made fibers account for about 80% to 90% of the total. Man-made fibers are still on the rise (5 % in 2022). The fiber market is being influenced by a number of important trends. Demand is being boosted by population and income growth, while sustainability and climate change problems are creating a shift in demand for other fiber types.

 

Cotton, while still the most popular fiber in the textile business, is under danger due to its high demand for agricultural land and water. Cellulosic fibers made from wood are expected to grow in favor. These fibers are created from cellulose, which is derived mostly from wood, bark, and leaves of plants, as well as other natural plant-based products.

 

Regulatory incentives are promoting sustainable initiatives

In terms of both production and usage, natural fibers are significantly more eco-friendly than synthetic fibers. Natural fibers degrade totally in the environment. As a result, natural fiber has the potential to play a significant role in the emerging green economy. Several national, and European projects to enhance the clothing industry have been launched, such as the Discover Natural Fibres Initiative (DNFI).

 

Demand for niche fibers due to shortages

Raw material shortages, such as cotton, will drive demand for specialized natural fibers like jute, abaca, and Seacell. Designers have also begun to use bamboo fiber in their work. Bamboo absorbs greenhouse gases and grows quickly and abundantly without pesticides during its life cycle.

 

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.

 

Europe 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 2022, 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.

 

 

By End User, 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.

 

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.

 

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

 

Europe Eco Fiber Market Scope:

Europe Eco Fiber Market
Market Size in 2023	USD 8.56 Bn.
Market Size in 2030	USD 10.90 Bn.
CAGR (2024-2030)	3.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Organic Fiber Regenerated Fiber Recycled Fiber Others
	By Application Textile/Apparel Industrial Medical Household &Furnishing Others
Country Scope	UK  France Germany Italy  Spain  Sweden Austria and Rest of Europe

 

Europe Eco Fiber Market Key Players: 

• Lenzing AG (Austria)
• Grasim Industries (India)
• Teijin Limited (Japan)
• Foss Manufacturing Company
• Polyfiber Industries (India)