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The eco fiber market share is expected to increase by 10.59 million MT from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.42%.
This eco fiber market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers eco fiber market segmentation by application (textile, household and furnishing, industrial, medical, and others) and geography (APAC, North America, Europe, South America, and MEA). The eco fiber market report also offers information on several market vendors, including Aditya Birla Management Corp. Pvt. Ltd., David C. Poole Co. Inc., Foss Performance Materials LLC, Lenzing AG, Mega Plast Industrial Exporting S.A, Pilipinas Eco fiber Corp., Polyfibre Industries Pvt. Ltd., Sustana Fiber, Teijin Ltd., and Wellman Advanced Materials LLC among others.
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Based on our research output, there has been a neutral impact on the market growth during and after post-COVID-19 era. The environmental damage caused by conventional fibers is notably driving the eco fiber market growth, although factors such as challenges associated with the cultivation of organic cotton may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the eco fiber industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Eco Fiber Market Driver
The environmental damage caused by conventional fibers is one of the key factors driving the growth of the global eco fiber market. The production of fibers, both natural and synthetic, has a significant impact on the environment. Non-organic cotton, the natural fiber with the highest production rate, is grown by conventional methods. The cultivation process requires large amounts of water and pesticides. The production of a cotton shirt requires more than 2,500 liters of water. Farming of cotton requires extensive application of pesticides, herbicides, insecticides, and fertilizers. The nitrate fertilizers used in cotton farms convert into nitrous oxide, a greenhouse gas that primarily contributes to global warming. Further down the value chain, the preparation of dye cotton fabric also requires large quantities of chemicals, energy, and water. Conventional rayon, which is made from cellulose, is a natural fiber that requires large amounts of chemicals in the fiber spinning phase. Synthetic fibers such as polyester and other petroleum-based fibers depend on non-renewable oil resources. However, the environmental damage caused by conventional fibers is expected to fuel the demand for eco fibers.
Key Eco Fiber Market Trend
The increasing adoption of bamboo will fuel the global eco fiber market growth. Bamboo is one of the fastest-growing plants in the world, and bamboo fibers are increasing in popularity. The cultivation of bamboo does not require chemical fertilizers or pesticides. It is highly biodegradable and requires around four times less water than cotton. Other advantages of bamboo are there such as it absorbs more carbon dioxide. Similarly, fabrics made of bamboo are easy to wash and are wrinkle-free, and also the fabrics made of bamboo are soft and comfortable. However, bamboo is a sustainable fiber that is used as a feedstock in the production of rayon. It does not require extensive replanting as it reproduces easily from the roots. Bamboo fibers can absorb 3-4 times more moisture than other fibers and are thus preferred for sports and casual wear. The increasing popularity of bamboo offers tremendous growth opportunities for the global eco fiber market.
Key Eco Fiber Market Challenge
The cultivation of organic cotton issues is a major challenge for the global eco fiber market growth. Organic cotton is one of the most preferred eco fibers and is gaining popularity across the globe as it does not use chemicals and is hypoallergenic. Clothes made of organic cotton are soft and comfortable. Though it is widely used, there are several challenges associated with its cultivation. However, in comparison to conventional cotton, the productivity of organic cotton is low due to the absence of growth fertilizers. High investments are required for shifting from conventional cotton farming to the organic method. Unlike non-organic cotton, the cultivation of organic cotton is complex, as weeds must be removed before sowing the seeds. These challenges associated with organic cotton cultivation increase the preference for conventional cotton, thereby posing a challenge to the global eco fiber market. The above factors will hinder the market growth during the forecast period.
This eco fiber market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global eco fiber market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the eco fiber market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the eco fiber market encompasses successful business strategies deployed by the key vendors. The eco fiber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The eco fiber market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the eco fiber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global specialty chemicals market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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