Eco Fiber Market to Rise to a Valuation of USD 104.23 billion by 2023
A research study titled, “Eco Fiber Market by Product and Application - Global Industry Analysis and Forecast to 2023” published by Crystal Market Research.
Eco Fiber Market - Industry Outlook and Trend Analysis: The Eco Fiber Market was worth USD 39.07 billion in 2014 and is expected to reach approximately USD 104.23 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.52% during the forecast period.
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Increasing awareness in regards to sustainable textile generation to meet the ecological and social perspectives alongside expanding interest for natural fabrics is foreseen to be a key factor driving the development of this market. Natural fibres have various benefits over the customary synthetic cotton, for example, no usage of pesticides or chemicals that spares the farmers and additionally surroundings from unending diseases, less usage of resources, more incomes for farmers, enhanced water usage, and expanded biodiversity. Attributable to these characteristics of the product, the demand for natural fibres is foreseen to boost throughout the following years.
Eco Fiber Market - Application Outlook and Analysis: Textiles developed as the main application section and represented more than 48% of the aggregate volume in 2016. The developing interest for bio-based options including bamboo, hemp, tencel and linen in garments segment is foreseen to be a key driving element for the development in up and coming years.
Moreover, the expanding number of retail outlets in developing nations including China and India by clothing producers Tommy, Levis, and Peter England is another factor contributing altogether to industry growth. Medical applications are additionally foreseen to develop at a considerable pace over the gauge time frame.
Eco Fiber Market - Regional Outlook and Trend Analysis: Asia Pacific was the dominant eco fibres market and represented around 35% of the aggregate market volume in 2016.
Quick industrialization and good government approaches with respect to textile trade exercises are emphatically affecting the business development. Furthermore, increasing populace along with rising expectations for everyday comforts have likewise impelled the high calibre, and practical articles of clothing request over the area. China is the biggest maker and purchaser of eco-friendly fabrics over the globe.
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Market Classification: Eco Fiber Market, By Product, Estimates and Forecast, 2014-2023 ($Million) Regenerated Recycled Organic Natural
Eco Fiber Market, By Application, Estimates and Forecast, 2014-2023 ($Million) Medical Household & Furnishings Textiles Industrial Others
Eco Fiber Market - Research Methodology: We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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Eco Fiber Market - Product Outlook and Trend Analysis: Organic cotton and bamboo are most famous natural fibers, progressively being favoured by a many fashion companies working with natural eco-logical fashion to enhance the benchmarks of practical materials in their product offering. These green products are delivered from the controlled use of chemicals and pesticides, and are sold under the mark "eco-friendly".
Eco Fiber Market - Data Mining: Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Competitive Insights: The leading players in the market are U.S. Fibers, Teijin, Polyfibre Industries Pvt Ltd, Grasim Industries, Pilipinas Eco Fiber Corporation, Lenzing AG and Wellman Advanced Materials.
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About Crystal Market Research: Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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