Global Eco Fiber Market Analysis by Latest Trends 2020 | Environmental Damage By Conventional Fibers to Boost Market Growth |Technavio
The global eco fiber market size is poised to grow by 7495.10 th MT during 2020-2024, progressing at a CAGR of almost 10% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The increasing damage caused by conventional fibers is driving the growth of eco-fibers. The intensive use of chemical and non-organic cotton to produce conventional fibers is the main reason for the negative impact on the health of the farmers. Similarly, the production of wool and polyester negatively impacts the environment due to the high source of harmful emissions that contribute to global warming. This all resulted in the growth of eco-fibers which not only help the people responsible for making it but also the environment.
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The major eco fiber market growth came from the textiles and apparel industry. However, the household and furnishing segment is expected to grow at a faster rate during the forecast period.
APAC was the largest eco fiber market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the rapid industrialization and favorable government policies on textile trade activities
The global eco fiber market is fragmented. Aditya Birla Management Corp. Pvt. Ltd., David C. Poole Co. Inc., Foss Performance Materials LLC, Lenzing AG, Pilipinas Ecofiber Corp., Polyfibre Industries Pvt. Ltd., Sustana Fiber, Teijin Ltd., US Holdings, and Wellman Advanced Materials LLC., are some of the major market participants. To help clients improve their market position, this eco fiber market forecast report provides a detailed analysis of the market leaders.
As the business impact of COVID-19 spreads, the global eco fiber market 2020-2024 is expected to have neutral growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.
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Increasing adoption of bamboo will be a Key Market Trend
Bamboo fibers are gaining popularity as they are cultivated without chemical fertilizers or pesticides and are highly degradable. The popularity and the wide range of usage along with factors such as quick growth and less water consumption are making it a key market trend during the forecast period. Additionally, bamboo offers various benefits such as more absorption of carbon dioxide, more fibers can be derived, bamboo fibers are easy to wash and are wrinkle-free and are soft and comfortable. Therefore, these advantages of bamboo help in the increasing adoption of it for the eco fiber market.
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Eco Fiber Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist eco fiber market growth during the next five years
Estimation of the eco fiber market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the eco fiber market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of eco fiber market vendors
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Household and furnishing - Market size and forecast 2019-2024
Industrial - Market size and forecast 2019-2024
Medical - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Aditya Birla Management Corp. Pvt. Ltd.
David C. Poole Co. Inc.
Foss Performance Materials LLC
Lenzing AG
Pilipinas Ecofiber Corp.
Polyfibre Industries Pvt. Ltd.
Sustana Fiber
Teijin Ltd.
US Holdings
Wellman Advanced Materials LLC
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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