Market Research Report
The Global Market for Next-Gen Natural Fibers 2023-2033
|The Global Market for Next-Gen Natural Fibers 2023-2033|
Published: August 3, 2022
Future Markets, Inc.
Content info: 298 Pages
Delivery time: 1-2 business days
Synthetic fibers are relatively expensive and require many harmful chemicals during production, which impact humans and the environment. Conversely, bio-based materials such as natural fibers have lower production costs and offer similar or better mechanical properties compared to traditional materials.
Next-gen natural fibers offer an environmentally friendly alternative to fossil based plastic, as they originate from renewable sources, and support industrial composting at the end of life. Demand for sustainability in, for example, the fashion industry is at an all-time high, and many brands are seeking to deliver more environmentally-friendly fibers and fabrics. Fibers derived from bio-based sources such as plant-based (ligno) cellulosics and animal-based protein are termed natural fibers (NF). This includes natural cellulosic fibers such as cotton, jute, sisal, coir, flax, hemp, abaca, ramie, etc.) and protein-based fibers such as wool and silk. Man-made cellulose fibers (e.g., viscose rayon, cellulose acetate and nanocellulose) that are produced with chemical procedures from pulped wood or other sources (cotton, bamboo, biomass) are also covered in this report under the natural fibers definition.
The market for next-gen natural fibers has grown significantly over the last two years, with investments of nearly $1 billion in 2021. Bolt Threads raised a $253 million USD Series E at a $1.15 billion USD valuation, Ecovative raised a $60 million USD Series D, and Natural Fiber Welding received backing from BMWi Ventures and Allbirds, raising $15 million USD. Japan-based Spiber raised $313 million USD in funding.