Eco Fibers Market 2022-2028

Title:Global Eco Fibers Market Size, Share &Trends Analysis Report by Type (Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others), and by Application (Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others) Forecast Period (2022-2028).

The global eco fibers market is anticipated to grow at a considerable CAGR of 8% during the forecast period. Increasing awareness among people about sustainability is expected to boost the adoption of the market products. Eco fibers are obtained from either natural materials including organic cotton, hemp, and jute, or synthetic materials including polyethylene, polyester, or polypropylene which are recycled to convert them into eco fibers. It can be used for a wide range of applications and end-use industries such as textiles, industrial, medical, furnishing, and packaging. Among these, the textile industry is a prominent user of eco fibers for making clothes, accessories, bags and others. Moreover, the growing requirement for environmental conservation and growing lifestyle requirements is further adding to the growth of the market.

The global eco fibers market is segmented based on the type, and application. Based on the type, the market is segmented into organic fibers, recycled fibers, regenerated fibers, and others. Based on application, the market is sub-segmented into clothing/textile, household & furnishings, industrial, medical, and others. Among the application, the organic fibers sub-segment is anticipated to cater to a prominent growth over the forecast period owing to the increasing awareness about the use of eco-friendly products and sustainable alternatives in the market. Organic fibers are grown without using herbicides, chemicals, or pesticides and are audited by certified agencies. Thus, are frequently used type of eco fiber across various industries and applications. Organic cotton is gaining traction and serves as a sustainable alternative to cotton in the global market. Moreover, initiatives taken by several organizations toward organic farming is further escalating the segmental growth. For instance, in 2022, 10 companies and organizations joined forces to build an environmentally friendly organic cotton supply chain. Around 12,500 cotton producers present in the states such as Maharashtra, Madhya Pradesh, Rajasthan, Odisha and Gujarat are expected to benefit from the project.

Geographically, the global eco fibers market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among these, North America is anticipated to hold a considerable share in the global eco fibers market. Textile companies present in countries such as the US are focused on using efficient and environment-friendly techniques for the production of fibers. Various technological advancements in waste fiber disposal is another factor which is expected to fuel the product demand in the region. For instance, in November 2021, the US EPA (Environmental Protection Agency) collaborated with the solving E-waste Problem Initiative to address the waste disposal in several countries including the US, and others. Apart from this, the rising demand for harmless disposable fibers facilitates industry development. For instance, in April 2022, Evrnu, a textile innovations company launched a modular chemical and engineering platform that separates most textile waste types into fibers that can directly replace 90% of current textile market, including cotton, and man-made cellulosic fibers, nylon, and polyester.

The major companies serving the global eco fibers market include BLS ECOTECH, Grasim Industries Ltd., Hexcel Corp., Lenzing AG, Universal Fibers, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, the LYCRA Co. launched the COOLMAX EcoMade fiber made from 100% textile waste that delivers both improved performance and sustainability. The company utilizes its depolymerization and refining process to convert textile waste scraps from garment manufacturers into fibers with properties comparable to virgin polyester.

Research Methodology

The market study of the global eco fibers market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Eco Fibers Market Research and Analysis by Type.
• Global Eco Fibers Market Research and Analysis by Application.

The Report Covers:

• Comprehensive research methodology of the global eco fibers market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global eco fibers market.
• Insights about market determinants that are stimulating the global eco fibers market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.