Global Eco Fiber Market

Eco Fiber Market Size, Share, Growth Analysis, By Type(Organic Fiber, Recycled Fibre and Regenerated Fiber.), By Application(Textiles, Non - woven and Industrial), By End - use(Fashion and Apparel, Home Furnishings, Automotive, and Others.), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2193 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Eco Fiber Market Regional Insights

The most dominant region in the global eco fiber market is Europe. European countries have made significant strides in sustainable and environmentally friendly practices, including the textile industry. Stringent regulations, consumer awareness, and a strong emphasis on eco-consciousness have contributed to the dominance of Europe in the eco fiber market. The region has witnessed the adoption of various eco fiber types such as organic cotton, bamboo fiber, hemp fiber, and recycled polyester, among others. European consumers' preference for sustainable textiles and the presence of eco-certification standards have driven the demand for eco fibers, making Europe the most dominant region in the market.

The fastest-growing region in the global eco fiber market is the Asia Pacific. Rapid industrialization, urbanisation, and increasing consumer awareness about sustainable practices have fueled the growth of eco fibers in the region. Countries such as China, India, and Japan have emerged as key contributors to the eco fiber market in the Asia Pacific. The region's large population, rising middle class, and growing disposable incomes have driven the demand for sustainable textiles. Additionally, government initiatives promoting sustainable development and the circular economy have further accelerated the adoption of eco fibers in the Asia Pacific region.

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FAQs

Eco Fiber Market size was valued at USD 46.3 billion in 2021 and is poised to grow from USD 49.82 billion in 2022 to USD 89.51 billion by 2030, growing at a CAGR of 7.6% in the forecast period (2023-2030).

The eco fiber market is witnessing significant growth and competition as sustainability and environmental consciousness become more prevalent in the textile industry. Eco fibers are derived from renewable sources and are produced using environmentally friendly manufacturing processes. They offer a greener alternative to traditional synthetic fibers, reducing the carbon footprint and environmental impact of textile production. 'Lenzing AG (Austria)', 'Teijin Limited (Japan)', 'Aditya Birla Group (India)', 'NatureWorks LLC (US)', 'Grasim Industries Limited (India)', 'Recron Malaysia Sdn Bhd (Malaysia)', 'Toray Industries, Inc. (Japan)', 'Tangshan Sanyou Xingda Chemical Fiber Co., Ltd. (China)', 'Nan Ya Plastics Corporation (Taiwan)', 'Aquafil S.p.A. (Italy)', 'Far Eastern New Century Corporation (Taiwan)', 'Wellman Advanced Materials (US)', 'RadiciGroup (Italy)', 'Asahi Kasei Corporation (Japan)', 'Thai Acrylic Fiber Co., Ltd. (Thailand)', 'Xinjiang Tianye (Group) Co., Ltd. (China)', 'Toyobo Co., Ltd. (Japan)', 'Pilipinas Ecofiber Corporation (Philippines)', 'Sateri Holdings Limited (China)', 'Formosa Chemicals & Fibre Corporation (Taiwan)'

Numerous brands and companies are prioritising the enhancement of their sustainability profile and demonstrating their commitment to corporate social responsibility. By adopting eco fibers, these entities can effectively meet consumer demands, improve their brand reputation, and showcase their dedication to sustainable practices.

Sustainable and Eco-friendly Textile: A key market trend in the eco fiber market is the growing consumer preference for sustainable and environmentally friendly textile materials. With increasing awareness about the environmental impact of conventional textile production processes, consumers are seeking alternatives that are eco-friendly, renewable, and have a lower carbon footprint. This trend has led to a surge in demand for eco fibers, which are derived from renewable sources such as organic cotton, bamboo, hemp, and recycled materials. Eco fibers offer several advantages, including reduced water and energy consumption during production, biodegradability, and lower chemical usage.

The most dominant region in the eco fiber market is Europe. European countries have made significant strides in sustainable and environmentally friendly practices, including the textile industry. Stringent regulations, consumer awareness, and a strong emphasis on eco-consciousness have contributed to the dominance of Europe in the eco fiber market. The region has witnessed the adoption of various eco fiber types such as organic cotton, bamboo fiber, hemp fiber, and recycled polyester, among others. European consumers' preference for sustainable textiles and the presence of eco-certification standards have driven the demand for eco fibers, making Europe the most dominant region in the market.

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Global Eco Fiber Market

Report ID: SQMIG15A2193

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