AMA Research, a global market research and consulting organization, have released a new study titled "Eco Fiber market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Eco Fiber market to grow at a CAGR of 8.5%.
The Product, such as Lyocell Fiber, is boosting the Eco Fiber market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Eco Fiber market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Demand for Environment Protection and Growing Textile Industry Worldwide.
Eco-fibers are made from materials that do not require any pesticide or chemicals to grow. The impact on environment while producing these fibers is significantly less than production of conventional cotton. The quality of such fibers are accredited by an independent organization. Growing need to reduce the adverse effect of fiber production and stringent government regulation regarding environmental protection are supplementing the demand for eco-fiber.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Eco Fiber market by Type (Organic Fibers, Recycled Fibers, Regenerated Fibers and Others), by Application (Textiles, Industrial, Medical, Household & Furnishings and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market