Global Coco Coir Market Overview:
Coco coir, additionally known as coco fibre, is extracted from the outer shell of a coconut tree, that could be a stiff, coarse fibre, versatile natural yarn that is extracted from the outer husk of the coconut tree manually or through machines. White fibers and brown fibers are two common varieties of coco fibers extracted from matured coconut tree shells. Surge in demand for eco-friendly products with lightweight properties coupled with expansion of the upholstery industry is driving growth of the global coco coir market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Agricultural Demands for Drainage and Moisture Retention is the Growing Trend in Changing Farming Methods
Market Growth Drivers:
The Inclination of Consumers Toward Eco-friendly Products and Growth in Demand Agricultural Industry, The Geotextile Market and Consumer Propensity for Green Product
Challenges:
Availability of Cheaper Substitutes for Different Applications
Restraints:
Perishable Properties of the Material makes Recurring Expenses
Opportunities:
Rise in Environmentally Friendly Practices
Competitive Landscape:
The global market for Coco Coir is consolidated by global players owing to the demand for worldwide agricultural demands and coco coir import/ export activities. The players should focus on coupling the coco coir with certain additional properties to make the hydroponics, Horticulture and eco-friendly products more sustainable and efficient to grab market share.
Some of the key players profiled in the report are Geewin Exim (India), Sai Cocopeat Export Private Limited (India), Allwin Coir (India), Benlion Coir Industries (India), Travancore Cocotuft (India) and Classic Coir (India). Analyst at AMA Research see Indian Vendors to retain maximum share of Global Coco Coir market by 2028. Considering Market by End Use Industry, the sub-segment i.e. Packaging will boost the Coco Coir market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Coco Coir market.
Latest Market Insights:
In August 2023, GrowGreenCoco, a leading coco coir manufacturer in India, announced a merger with Sustainable Green Technologies, a Sri Lankan company specializing in eco-friendly coco coir products. The merger is expected to create a global leader in the coco coir industry with a strong presence in both India and Sri Lanka.
In July 2023, CocoBliss, a Canadian company specializing in coco coir products, launched a new line of organic coco coir potting mixes. The new potting mixes are made with 100% organic coco coir and are designed to provide plants with the nutrients they need to thrive.
The Coir Industry Act, 1953 states the provision for the institution of a Board for the event of the fibre business and for that purpose to levy a customs on fibre fibre, fibre yarn and fibre merchandise exported from Asian country and for matters connected hereby
What Can be Explored with the Coco Coir Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Coco Coir Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Coco Coir
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coco Coir market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coco Coir market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Coco Coir Manufacturer, Supplier/Distributor, Agriculture Institutions, Export/Import Companies, Research institute and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.