Coir Fibres Market Scope
Coir fibre is obtained from the husk of coconut & composed of a highly lignified form of cellulose. Coir Fibre is obtained from the outer layer of the fruit of the Cocos nucifera (Cocos Nucifera L). This outer layer is named the coconut husk and this husk (exocarp) of the coconut consists of a swish waterproof outer skin (epicarp) and fibrous zone (mesocarp). The seed vessel includes strands of fibro-vascular bundles of fibre embedded in a very nonfibrous parenchymatous "corky" animal tissue typically stated as pith; that ultimately becomes fibre dirt.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Chandra Prakash & Co. (India), Vruksha Composites (India), Diamond Engineering Enterprises (India), Agrawalla Coir Industry (India), Global Green Coir Pith Products (India), Aadhavan Exports (India), Maitri Enterprise (India), Sri Venkateswara Coir Products (India), Kalasanskruti Retail Private Limited (India) and Shenyang Xudong Furniture Co., Ltd. (China) |
CAGR | % |
The global market for coir fibers is fragmented by global players owing to the rising coir products demand in different countries for different applications which are either household or commercial to produce brushes, Mats, Rugs, and Geo Textiles. The players should focus on enhancing the machinery and hiring skilled labour to produce efficiently and grab the market share.
Chandra Prakash & Co. (India), Vruksha Composites (India), Diamond Engineering Enterprises (India), Agrawalla Coir Industry (India), Global Green Coir Pith Products (India), Aadhavan Exports (India), Maitri Enterprise (India), Sri Venkateswara Coir Products (India), Kalasanskruti Retail Private Limited (India) and Shenyang Xudong Furniture Co., Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Guangzhou YueTai Trade Co., Ltd. (China), Shanghai VanKo Coire Co., Ltd. (China) and Kaper Industry Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Coir Fibres market by Type , by Application (Household and Industrial) and Region with country level break-up.
On the basis of geography, the market of Coir Fibres has been segmented into 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). Asia Pacific region held largest market share in the year 2022.
The Coir Industry Act, 1953 by Indian Regulators states that No coir fiber, coir yarn, and coir products shall be exported otherwise than under a license issued by or on behalf of the Board in the prescribed manner, and the provisions of the Sea Customs Act, 1878 (VIII of 1878).
Influencing Trend:
Emphasis on Developing Devices/Equipment/Machinery Through R&D to Reduce Drudgery and To Improve Productivity of Coir Workers
Market Growth Drivers:
The surge in Demand for Eco-Friendly Products with Lightweight Properties and Rising Demand for the Coir Fibre in Different Agricultural and Household Applications
Challenges:
Requirement of Skilled Labour for Production and Handling of Coir Fibre Machineries
Restraints:
Dust Produced by Coir Fibre and Perishability
Opportunities:
Rising Development of Improved Variety of Ratts and Looms Boosting the Production of Coir Yarn Spinning, Coir Mets, Etc.
Key Target Audience
Coir Fibres Manufacturers, Supplier/Distributors, Raw Material Provider, Research Institutes, End-User Industry and Others