The report “Eco Fibers Market by Type (Regenerated fibers, Recycled fibers, Organic fibers), Application (Textile/Clothing, Household Furnishings, Industrial, Medical), and Region (North America, Europe, APAC, MEA, South America) – Global Forecast to 2027″, Eco fibers market size is projected to reach USD 78.3 billion by 2027 from USD 52.0 billion in 2022 growing at a CAGR of 8.5%.
The main forces behind the growth of the eco fiber market are the industry is the increasing use of man-made cellulosic fibers and increased demand from emerging nations. High manufacturing costs and the availability of low-cost alternatives like synthetic fibers are market restraints. Adoption of new, creative technology to create regenerated cellulose is an opportunity in the eco fiber market. The biggest difficulties that ecofibers are experiencing are moreover challenges in the cotton textile industry and the development of low-cost production methods.
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By type, Regenerated Fibers accounted for the largest share in 2021
The market for eco fibers in the fiber industry is small but expanding quickly. These materials are just as useful as synthetic fibers for any application, but they are also produced and used in an environmentally sustainable manner. Regenerated fibers, sometimes referred to as synthetic fibers, are produced using the natural materials protein and cellulose as building blocks. Lyocell, viscose, and modal are regenerated fibers made from cellulose. Regenerated fiber is essentially a natural fiber that has undergone wet-chemical conversion to create continuous filament, which is then further spun into fibers. These regenerated fibers offer several excellent qualities that make them useful for a variety of application, including textile/clothing, household furnishings, industrial, and medical. The major player in the current scenario is using these fibers to create goods that are safe, sustainable, and environmentally friendly while following to government standards and laws.
By Application, Eco fibers Market, ClothingTextile segment accounted for the largest share in 2021
According to projections, the clothingtextile application will be the biggest market for eco fibers. Growing population concerns, a variety of design trends, and rising demand for eco-friendly materials are just a few of the elements promoting the development of eco fibers in the textile and garment industries.
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APAC is projected to account for the largest share of Regenerated Cellulose in 2021
The largest market for Eco Fibers is anticipated to be in APAC over the projected period. India, China, Japan, and Indonesia are the main producers of environment-friendly fabrics using eco fibers. Population growth, supportive policies from governments, industries, are accelerating industrialisation, which is further driving up demand for eco fibers in the APAC region. The market in this region is also likely to be driven by a healthy growth of the manufacturing sector, rising FDI investment in the area, the settlement of manufacturing facilities to countries like India, China, and ASEAN, tightening regulations, and rising investment in the textile, automotive, and other applications in this region are likely to drive the market in the region.
Major companies including Sateri (China), Grasim Industries Limited (India), Lenzing AG (Austria), Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd.(China), and Us Fibers (US) are important players in the market for eco fibers. Expansion, mergers, joint ventures, and the development of novel products are the primary strategies employed by the leading players to build the eco fibers market.
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