Enjoy complimentary customisation on priority with our Enterprise License!
The bio-based fibre market size is forecast to increase by USD 18.6 billion at a CAGR of 7.7% between 2023 and 2028. The market is experiencing significant growth, driven by diverse feedstock utilization for the production of bio-based fibres. This trend is fueled by the increasing shift toward eco-friendly textiles, as consumers become more conscious of the environmental impact of traditional textile industries. However, the market faces challenges due to the variability in costs of raw materials for bio-based fibres, which can impact the overall profitability of manufacturers. The market is also witnessing innovation in the form of bio-based concrete, mycelium leather, algae-based textiles, and bio-based coatings, coatings resins, and industrial adhesives. Despite these challenges, the market is expected to continue growing, as advancements in technology and innovation drive down production costs and improve the sustainability and performance of bio-based fibres.
The market is witnessing significant growth due to the increasing demand for eco-friendly textiles and apparel. Plant fibers such as cotton, jute, hemp, and flax are the primary sources of bio-based fibers. Nien Foun fiber, a new entrant in the market, is derived from the inner bark of the phoenix sapling and is gaining popularity due to its high tensile strength and softness. Regulatory pressures to reduce the use of synthetic fibers and promote sustainable alternatives are driving the market. Bio-based fibers find applications not only in textiles and apparel but also in various industries such as bioplastics, natural fiber composites, bio-based chemicals, sustainable construction materials, and green packaging solutions. Bio-based polymers like PLA (polylactic acid) and PHA (polyhydroxyalkanoates) are gaining traction in the market due to their biodegradable nature. The market also includes waste-derived materials, microbial sources, and biorefinery processes. Synthetic biology and plant-based materials are the new frontiers in the bio-based fibers market, offering opportunities for innovation and growth. The market is also witnessing the development of bio-based insulation materials, bio-based concrete, and its applications in eco-friendly textiles manufacturing, biodegradable films, compostable containers, and other applications. Recycled fibers are another segment of the market that is gaining importance due to their sustainability and cost-effectiveness. The future of the bio-based fibers market looks promising, with continuous innovation and technological advancements.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The textiles and apparel segment is estimated to witness significant growth during the forecast period. The market is experiencing notable progress in the realm of synthetic fibres, as there is a growing demand to decrease CO2 emissions and lessen dependence on fossil resources. Presently, synthetic fibres, including polyesters, polyamides, and elastanes, constitute approximately 65% of all fibres manufactured worldwide.
Get a glance at the market share of various regions Download the PDF Sample
The textiles and apparel segment was the largest segment and valued at USD 20.35 billion in 2018. These materials exhibit remarkable versatility, but their production from non-renewable sources raises environmental concerns. To mitigate these issues, the industry is transitioning towards bio-derived synthetics, which are sourced from renewable resources and provide similar characteristics as conventional synthetics while reducing the carbon footprint. Bio-derived synthetics originate from biopolymers, which are extracted from naturally renewable resources. Hence, such factors are fuelling the growth of this segment during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is experiencing significant growth due to the increasing demand for sustainable alternatives in various industries. Bioethanol, derived from renewable biomass, plays a crucial role in the production of bio-based fibres. Advanced biofuels, such as cellulosic ethanol, are also gaining traction as they offer superior sustainability profiles. The application of bio-based fibres extends beyond textiles to sustainable electronics and semiconductors, where they serve as eco-friendly alternatives to conventional materials. Hence, such factors are driving the market in APAC during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Diverse feedstock utilization for production of bio-based fibres is notably driving market growth. The global market is experiencing a notable trend towards the utilization of diverse feedstocks for production, driven by regulatory pressures and the need for sustainability and resource efficiency. Innovative projects, such as Bio-LUSH, are pioneering this movement by exploring underutilized biomass feedstocks, including hemp hurd, forest residues, nettle, and seagrasses. These feedstocks offer ecological benefits and reduce competition with food production, thereby contributing to a circular bioeconomy.
Moreover, the industry is optimizing biomass value chains and developing eco-friendly processing methods to enhance the properties of these feedstocks. This enables their application in various sectors, including textiles and apparel, where Nien Foun Fiber, a plant-based alternative to silk, and mycelium leather are gaining popularity. In the realm of packaging, biodegradable films, compostable containers, and bio-based coatings, resins, and adhesives are replacing traditional petroleum-based counterparts. Thus, such factors are driving the growth of the market during the forecast period.
Growing shift toward eco-friendly textiles is the key trend in the market. The textile and apparel sector is witnessing a significant shift towards eco-friendly and sustainable production methods, driven by increasing consumer awareness and regulatory pressures. One such innovative development is the use of plant-derived fibers, such as Nien Foun Fiber, in textile manufacturing. These natural fibers, derived from various plant sources, offer several advantages over synthetic fibers, including biodegradability and reduced carbon footprint.
Furthermore, beyond textiles, plant fibers find applications in various industries, including bioplastics, natural fiber composites, bio-based chemicals, sustainable construction materials, and green packaging solutions. Bioplastics derived from plant sources are gaining popularity as eco-friendly alternatives to traditional biodegradable plastic materials. Similarly, natural fiber composites offer enhanced properties and reduced environmental impact compared to synthetic composites. Thus, such trends will shape the growth of the market during the forecast period.
Variability in costs of raw materials of bio-based fibres is the major challenge that affects the growth of the market. The global market is experiencing fluctuations due to the unpredictability of raw material costs, particularly in relation to plant fibres used in textile and apparel production. In late 2023, the Cotton Corporation of India (CCI) purchased 2.5 lakh bales of cotton at the Minimum Support Price (MSP) due to a steep decline in cotton prices.
Moreover, this price drop can be attributed to weak demand caused by the ongoing global economic crisis, impacting major markets such as the US and Britain. Despite a reduced crop yield and carryover stocks from the previous year, cotton demand remains subdued, leading to a two-year low in prices. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AMSilk GmbH: The company offers bio-based fibre, which is used consumer goods, luxury apparel and other applicatons.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for eco-friendly and sustainable textile and apparel products. Plant fibers, such as Nien Foun fiber, hemp, and jute, are the primary raw materials used in the production of bio-based fibers. Regulatory pressures to reduce the use of synthetic fibers and promote the use of natural and renewable resources are also driving market growth. Bio-based fibers find extensive applications in various industries, including textile and apparel, bioplastics, natural fiber composites, sustainable construction materials, green packaging solutions, and insulation materials. The market is witnessing innovation in the form of bio-based polymers like PLA (polylactic acid), PHA (polyhydroxyalkanoates), and cellulose-based materials. Mycelium-based products, algal biomaterials, and waste-derived materials are also gaining popularity. Bio-based fibers are also used in the production of biodegradable films, compostable containers, and insulation materials. The development of green steel production and biofuels like biodiesel further adds to the market's growth potential. The use of synthetic biology, microbial sources, and biorefinery processes is also expected to drive market growth in the future.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
209 |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.7% |
|
Market growth 2024-2028 |
USD 18.6 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
7.2 |
|
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 46% |
|
Key countries |
China, India, US, Germany, Japan, Brazil, France, Italy, UK, and South Korea |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Acegreen Eco-Material Technology co, Ltd., AMSilk GmbH, Bambooder Biobased Fibers B.V., Baoding Swan New Fiber Manufacturing Co., Ltd., BPREG Composites, China Bambro Textile Co. Ltd., China Populus Textile Ltd, David C. Poole Co. Inc., Grasim Industries Ltd, Lenzing AG, Qingdao Textiles Group Fiber Technology Co. Ltd., Sateri Shanghai Ltd., SCALE Advanced Biocomposites, Shanghai Tenbro Bamboo Textile Co. Ltd., Smartfiber AG, Teijin Ltd., and USFibers |
|
Market dynamics |
Parent market analysis, market trends, market report, market forecast, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
