Eco Fiber Market: Covid-19 Impact, Applications, Regional outlook and Forecast

Posted by mandar on March 24th, 2021

Global Eco Fiber Market: Overview

The demand in the global eco fiber market is rising at significant rate due to increasing environmental consciousness among people. Use of organic fibers supports development of conservative synthetic cotton like no use of pesticides or chemicals. This protects agricultural and environments from chronic diseases, help in generating larger returns for farmers, and improve water utilization. It also helps in reducing dependency on resources and results in increased biodiversity.

Moreover, rapid growth in textile industry especially in emerging regions such as China and India are the key areas that will drive demand in the global eco fiber market.  Favorable government policies for producing bio-based products along with strict sanctions focused synthetic polymers are projected to have a positive impact on the global eco fiber market. There are also other parameters, on which the growth of the market depends such as regional growth, segmentation, strategies used by competitors, recent developments, and prevailing trends in the eco fiber market. These insights assist players and decision makers to take well-informed and better decisions.  

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Global Eco Fiber Market: Notable Developments

Vendors operating in the global eco fiber market are focusing on various organic and inorganic strategies to expand their growth potential and to get a firm hold in the market. Mergers and acquisition, partnership, and collaboration will also help them in expanding their presence in different regions. For example:

•          Recently, a leading producer of man-made fibers Lenzing has launched a new product Tencel fiber, which is made from cotton waste fabrics. This product is likely to boost the circular economy solution specifically in the textile industry.
•          New technology has been developed at the University of Helsinki and Aalto University, by using recycled newspaper, wood, old cotton, and cardboard to make fabric. The new fabric can also be recycled at the end of its life and help in reducing clothing waste.

Polyfibre Industries Pvt Ltd, Lenzing AG, US Fibers, Wellman Advanced Materials, Grasim Industries Ltd., Teijin Limited, China Bambro Textile (Group) Co., Ltd, David C. Poole Company, Inc., and Pilipinas Eco-fiber Corporation.

Global Eco Fiber Market: Trends and Opportunities

One of the remarkable trend seen in the use of eco fiber is that is widely accepted in numerous industries and industry players are also making persistent efforts to adopt these changes. For example, international companies like Patagonia, Nike, and Otto Group are shifting their focus on sustainability mainly to reduce waste, carbon emission, and energy. Moreover, recycled eco fibers have also earned huge popularity as it not only reduces harmful environmental effects but also ensures secured income and high premiums to the farmers. These changes across the globe and other out breaking steps taken by industry players are likely to augment growth in the global eco fiber market.