Industry Background:
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.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Lenzing AG [Austria], Grasim Industries Limited [India], Teijin Ltd [Japan], US Fibers [United States], David C. Poole Company, Inc. [United States], Foss Manufacturing Company [United States], Polyfibre Industries [India], Shanghai Tenbro Bamboo Textile [China], Tangshan Sanyou Group Xingda Chemical Fibre [China], Wellman Plastics Recycling [United States], China Bambro Textile (Group) Co., Ltd. [China], Pilipinas Ecofiber Corporation [Philippines] and Foss Manufacturing Company, LLC [United States] |
CAGR | 8.5% |
According to AMA, the market for Eco Fiber is expected to register a CAGR of 8.5% during the forecast period to 2027. This growth is primarily driven by Rising Demand for Environment Protection and Growing Textile Industry Worldwide.
Globally, a noticeable market trend is evident Increasing Adoption of Bamboo in Textile Industry
. The Textiles sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Lenzing AG [Austria], Grasim Industries Limited [India], Teijin Ltd [Japan], US Fibers [United States], David C. Poole Company, Inc. [United States], Foss Manufacturing Company [United States], Polyfibre Industries [India], Shanghai Tenbro Bamboo Textile [China], Tangshan Sanyou Group Xingda Chemical Fibre [China], Wellman Plastics Recycling [United States], China Bambro Textile (Group) Co., Ltd. [China], Pilipinas Ecofiber Corporation [Philippines] and Foss Manufacturing Company, LLC [United States] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
India is the second-largest textile producer in the global market. The country’s textile industry’s contribution accounts for more than 7% of industrial output and about 2% of its GDP.
Regulatory Insights:
In Eco-fiber, using environmental friendly labels has been mandated with an aims to protect environment by encouraging consumers. The European Union mandates ecological certification (FSC, PEFC, etc.) for pulp fibers and imposes conditions on the products used for bleaching fibers, forbidding the use of chlorine gas. The EU Eco label also limits the use of dyes and inks to areas that are not in direct contact with the skin and only if the dye serves a specific function.
Market Drivers
- Rising Demand for Environment Protection
- Growing Textile Industry Worldwide
Market Trend
- Increasing Adoption of Bamboo in Textile Industry
- Rising Awareness About Sustainable Textile Production
Restraints
- Unevenness and Imperfections at High Spinning Speed
- High Variable Quality and Low Dimensional Stability
Opportunities
Rising Disposable Income in Emerging Economies and Favorable Government Initiative to Support Eco-friendly Production
Challenges
Cultivation of Organic Cotton and High Moisture Absorption and Low Thermal Resistance
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Eco Fiber Study Sheds Light on
The Eco Fiber Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Eco Fiber industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Eco Fiber industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.