What is the global market size of Eco Fiber Market?

Global 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).

Who are the key vendors in the Global Eco Fiber Market?

The global 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)'

Eco Fiber Market Size, Share, Growth Analysis, By Type (Organic fibers, Recycled fibers), By Application (Clothing & textile, Household & furnishings), By Region - Industry Forecast 2024-2031

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

Eco Fiber Market Dynamics

Eco Fiber Market Drivers

Brand Reputation and Corporate Social Responsibility

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.

Eco Fiber Market Restraints

Competition from Synthetic Fibers

The textile industry continues to be dominated by synthetic fibers, such as polyester, which are favoured due to their cost-effectiveness and versatile properties. This prevailing competition from synthetic fibers presents a challenge for the growth of eco fibers since consumers may opt for more affordable options that may not offer the same level of sustainability as eco fibers.

Eco Fiber Market Report Snapshots

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Global Eco Fiber Market size was valued at USD 51.6 billion in 2022 and is poised to grow from USD 56.04 billion in 2023 to USD 108.42 billion by 2031, growing at a CAGR of 8.60% during the forecast period (2024-2031).

The global 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. 'Grasim Industries Limited ', 'Lenzing AG ', 'Sateri Group ', 'US Fibers ', 'Teijin Limited ', 'Polyfibre Industries Pvt. Ltd. ', 'David C. Poole Company, Inc. ', 'Shanghai Tenbro Bamboo Textile Co., Ltd. ', 'Unifi, Inc. ', 'Komal Fibres ', 'China Bambro Textile Co., Ltd. ', 'Vishal Poly Fibers Pvt. Ltd. ', 'Shyam Fibers Private Limited ', 'JB Ecotex Limited ', 'Proma Industries Ltd. ', 'Ganesha Ecosphere Ltd. ', 'BLS Ecotech ', 'Jiangsu Aoyang Technology Corporation Limited ', 'Barnet Intelligent Materials ', 'Sniace, S.A. ', 'Composition Materials Co., Inc.'

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 global 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 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.

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Eco Fiber Market Size, Share, Growth Analysis, By Type (Organic fibers, Recycled fibers), By Application (Clothing & textile, Household & furnishings), By Region - Industry Forecast 2024-2031

Eco Fiber Market Dynamics

Eco Fiber Market Report Snapshots

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What is the global market size of Eco Fiber Market?

Who are the key vendors in the Eco Fiber Market?

What is the key driver of Eco Fiber Market?

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