Eco Fiber Market Share 2020 Growth Rate, Future Trends
The global eco fiber market size was USD 56.81 billion in 2023 and is projected to grow from USD 61.78 billion in 2024 to USD 120.99 billion by 2032 at a CAGR of 8.8% during the forecast period. Asia Pacific dominated the eco fiber market with a market share of 39.34% in 2023.
Eco fiber refers to environmentally friendly fibers used in textiles and other products. These fibers are often derived from natural, renewable sources or are produced through processes that minimize environmental impact. Examples of eco fibers include:
- Organic Cotton: Grown without the use of synthetic pesticides and fertilizers.
- Bamboo: A fast-growing plant that requires minimal water and no pesticides.
- Hemp: A durable fiber that grows quickly and is pest-resistant.
- Recycled Fibers: Made from recycled materials, such as plastic bottles or old garments.
- Tencel (Lyocell): Made from sustainably sourced wood pulp and produced in a closed-loop process that recycles water and solvents.
- Soy Silk: Made from the byproducts of tofu manufacturing, offering a soft and biodegradable alternative to traditional silk.
- Linen: Made from the flax plant, which requires less water and fewer pesticides than cotton.
- Recycled Wool: Made from post-consumer wool garments, reducing the need for new wool production.
These fibers are used in various applications, including clothing, home textiles, and industrial products, to promote sustainability and reduce environmental impact.
Eco fibers, also known as sustainable or environmentally friendly fibers, are materials used in textiles and other products that have a lower environmental impact compared to conventional fibers. Here are some common eco fibers and their uses:
- Organic Cotton:
- Uses: Clothing, bedding, towels, and other textiles.
- Benefits: Grown without synthetic pesticides or fertilizers, reducing environmental impact and exposure to harmful chemicals.
- Bamboo Fiber:
- Uses: Clothing, towels, bed linens, and hygiene products like diapers.
- Benefits: Bamboo grows quickly, requires less water, and doesn’t need pesticides. It is biodegradable and has natural antibacterial properties.
- Hemp:
- Uses: Clothing, ropes, sails, biodegradable plastics, and construction materials.
- Benefits: Hemp is a hardy plant that requires minimal pesticides and water, and it improves soil health through crop rotation.
- Linen (Flax):
- Uses: Clothing, home textiles like tablecloths and napkins, and industrial products.
- Benefits: Flax plants require fewer pesticides and water compared to cotton, and linen is biodegradable and durable.
- Tencel (Lyocell):
- Uses: Clothing, bedding, and hygiene products.
- Benefits: Made from sustainably harvested wood pulp, Tencel is produced using a closed-loop process that recycles water and solvents. It is biodegradable and has moisture-wicking properties.
- Recycled Polyester:
- Uses: Clothing, accessories, and industrial textiles.
- Benefits: Made from recycled plastic bottles and other post-consumer waste, reducing landfill and ocean pollution. It conserves resources and reduces energy consumption compared to virgin polyester.
- Recycled Cotton:
- Uses: Clothing, upholstery, and insulation.
- Benefits: Made from post-industrial and post-consumer cotton waste, reducing landfill waste and the need for new cotton production.
- Cork:
- Uses: Footwear, accessories, and home decor.
- Benefits: Harvested from the bark of cork oak trees without harming the trees, making it a renewable and biodegradable material.
- Soy Silk (Azlon):
- Uses: Clothing, especially undergarments and knitwear.
- Benefits: Made from soybean protein, it is biodegradable and has a soft texture similar to silk.
- Pineapple Fiber (Piñatex):
- Uses: Footwear, accessories, and upholstery.
- Benefits: Made from the leaves of pineapple plants, which are a byproduct of the pineapple harvest, reducing waste and providing an additional income source for farmers.
Using these eco fibers helps reduce the environmental impact of the textile industry, promoting sustainability and supporting more responsible production practices.
Eco-friendly fiber is a sustainable fiber resistant to mildew, molds, and eliminates the adoption of chemicals and pesticides. The rising adoption of fiber in commercial, home, and apparels applications is expected to boost the adoption of the product. Furthermore, the rising demand for sustainable fibers leads to the adoption of environment-friendly techniques to manufacture effective fibers. Moreover, textile manufacturers invest heavily in developing natural and environment-friendly fibers to eliminate the issue of waste fabrics. These factors are expected to foster the market development in the coming years.
COVID-19 Impact
Manufacturing Restraints to Impede Market Growth
This market is expected to be affected negatively during the COVID-19 pandemic because of the restrictions imposed on manufacturing. The rise in COVID-19 cases led to the imposition of stringent lockdown norms by governments. Further, restrictions on transport led to the lack of raw materials required to produce the fiber. However, lockdown relaxations and the adoption of production machinery, sanitization methods, social distancing, and reduced capacities enabled manufacturers to recover costs and boost their annual revenues.
Segments
Type, Application, and Region are Studied
By type, the market is segmented into regenerated fibers, recycled fibers, organic fibers, and others. Based on application, it is classified into medical, industrial, household & furnishing, clothing/textile, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market’s key players.
Browse Summary:
https://www.fortunebusinessinsights.com/eco-fiber-market-106356