Rising demand from the clothing & textile sector and growing awareness about organic fibers are expected to drive the demand for the eco fiber market in the forecast period, 2024-2028. According to the TechSci Research report, “Eco Fiber Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, The global eco fiber market is projected to increase at an impressive rate in the forecast period, 2024-2028.
The Important Factors of the Global Eco Fiber Market
Eco fibers are typically composed of various substances used in the production of fabrics, such as hemp, flax, organic cotton, and bamboo. The advantage over conventional fibers, from production to use comfortability, is a factor to propel the demand for eco-fibers in the textile market. High cost and limited production impede the eco fiber market growth.
Eco Fiber has significant advantages due to its properties like excellent resistance to mold, mildew, and diseases, making eco-fibers the preferred textile material for cleaning or wearing purposes in the medical sector. The Stringent regulations endorsed by governments around the world to encourage the production of bio-based products have urged garment manufacturers to use natural or organic raw materials. These will help reduce pollution and its effect on the environment and create demand for eco-fibers as a substitute in the market. Besides these, technological progress and growing people’s awareness about organic fibers are expected to drive the eco-fiber market in the anticipated years.
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The eco fiber market is segmented based on type and application. Based on type, the market is divided into regenerated fibers, recycled fibers, organic fibers, and others. The organic fibers segment is expected to hold the largest market share in the forecast period, 2024-2028. Owing to increasing awareness towards environmentally friendly products and stringent government regulations on substitute products, which emphasizes to use of efficient and environmentally friendly fiber production techniques. Thus, it creates the demand for organic fibers in the segment and dominates the global eco-fiber market.
Based on application, the market is divided into clothing/textile, household furnishing, medical, and others. The clothing/textile segment is expected to hold the largest market share in the forecast period, 2024-2028. Due to disease free and naturally resistant to mold mildew, it is highly demanded in textile industries and dominates the global eco-fiber market.
Major companies operating in the global eco fiber market are:
- Lenzing AG
- Grasim Industries Ltd.
- Shanghai Tenbro Bamboo Textile Co. Ltd.
- China Bambro Textile (Group) Co., Ltd.
- Pilipinas Ecofiber Corporation
- Teijin Limited
- David C. Poole Company, Inc.
- Polyfiber Industries Limited
- Sateri Group
- Wellman Advanced Materials LLC
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“Asia-Pacific region is expected to dominate the Eco Fiber market in the upcoming years due to its increasing demand for the sustainable textile product and the growth of this region’s apparel and textile industry. Apart from these, increasing medical tourism and expanding medical infrastructure in the region are propelling the eco fibers market in the Asia Pacific region. Thus, the growing demand for textiles in the region is expected to drive the growth of the Eco Fiber market in the anticipated period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Eco Fiber Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Regenerated Fibers, Recycle Fibers, Organic Fibers, Others), By Application (Clothing/Textile, Household Furnishing, Medical, Others), By Company and By Region, has evaluated the future growth potential of eco fiber market and provides statistics & information on market size, structure, and future market growth. the report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the eco fiber market.”
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