Eco Fiber Market Share, Growth, Trends and Forecast 2023 - 2030

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Eco fibers are also rapidly gaining popularity in designer garments and apparel. Continuous advancements in terms of the development of eco fiber textiles offering antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable and absorbent characteristics, are expected to prom

The global eco fiber market size was estimated at USD 43.07 billion in 2022 and is expected to register a growth of 7.6% in the forecast period. The market is anticipated to be driven by the rising popularity of organic cotton. Manufacturers are increasingly opting for organic cotton since its production does not pollute surface water, soil or air. Furthermore, rising concern regarding the harmful environmental impacts of synthetic fibers has been a major factor contributing to the increased demand for organic eco fiber since the past few years.

 

Eco fibers are also rapidly gaining popularity in designer garments and apparel. Continuous advancements in terms of the development of eco fiber textiles offering antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable and absorbent characteristics, are expected to promote their importance in the clothing market.

 

Gather more insights about the market drivers, restrains and growth of the Eco Fiber Market

 

Detailed Segmentation:

 

Product Insights

 

Organic eco fibers are expected to attain the highest CAGR of 9.6% in the forecast period. Organic eco fibers are grown in controlled settings without using herbicides, chemicals, and pesticides. The growing conditions for organic eco fibers are extensively monitored and audited by certified agencies across the world. Organic cotton is the most commonly used eco fiber across various end-use industries owing to its superior characteristics.

 

Rising concerns regarding harmful environmental effects of using synthetic fibers has boosted the demand for organic eco fiber in the past few years. Organic cotton being a sustainable raw material and is less allergy-prone is widely used in apparels and other applications.

 

The recycled product segment is accounted for revenue of USD 2.81 billion in 2022 and is expected to expand at a CAGR of 4.2% over the forecast period. Textile industry is increasingly using recycled fiber, yarn, and fabric for developing new products. Over 15% of the fabric used in apparel production is wasted, which adds to the post-industrial waste. Therefore, various key clothing brands including HM, Hanes, and Adidas have adopted recycling processes in the overall production process and in the supply chain of garments, which helps tackle waste disposal issues.

 

Application Insights

 

Textile application segment dominated the eco fiber market in 2022 and this trend is expected to continue over the forecast period. The segment accounted for a volume of 5,750.7 kilotons, owing to the rapidly increasing demand for clothes/garments across the globe. Eco fibers are used in several apparel products such as shirts, jackets, and kids wear along with bed sheets, pillow cover, bags, sacks, landfill coverings, and medical textiles.

 

Textile industry is expected to witness a high demand for casual wear, formal wear, and fashionable clothing among all age groups in the forecast period. Denim, lycra, cotton, silk, and polyester fabrics are highly used for manufacturing fashion textiles and clothing. Additionally, increasing use of luxury and trending fashionable clothes, especially among youth and adult populace, is another significant driving factor for the market.

 

Industrial application segment accounted for revenue of USD 4.23 billion in 2022. Eco fiber finds application in numerous industrial and construction applications owing to its superior characteristics and sustainability. The product is used in the construction of house structures, dams, and tunnels. Besides, it is preferred for reinforcement of walls, facades, hose wrap, concrete wraps, waterproof membranes, thermal and sound insulation panels, and sewer and pipe linings are other additional uses. Nonwoven glass, polyester fabrics, and acrylic fibers are some of the key raw materials used in industrial applications.

 

Regional Insights

 

Asia Pacific dominated the eco fiber market with a revenue of USD 14.90 billion in 2022 and is expected to expand at the highest CAGR of 9.2% over the forecast period. The growing demand for apparels and increased demand for sustainable textiles are expected to propel the market growth over the forecast period. This scenario is likely to be reflected in major economies, including India, China, Japan, and Australia, over the years ahead.

 

India is the fastest-growing market in Asia Pacific owing to the growing population, per capita consumption of apparels, and increasing foreign investments are some of the major socio-economic factors that are likely to support the market growth in the country. However, the rising use of polyester, acrylic fibers, and viscose for household, technical, and clothing applications is expected to hamper the growth of eco fibers across the region. Additionally, the increasing use of handbags, clothing accessories, and apparels is expected to drive the demand for textiles in fashion clothing applications over the years ahead.

 

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Key Eco Fiber Mask Companies:

 

Some prominent players in the global eco fiber market include:

 

  • Lenzing AG
  • US Fibers
  • Polyfibre Industries
  • Grasim Industries Ltd.
  • Wellman Advanced Materials
  • Shanghai Tenbro Bamboo Textile Co. Ltd.
  • China Bambro Textile (Group) Co., Ltd.
  • Pilipinas Ecofiber Corporation
  • Teijin Limited
  • David C. Poole Company, Inc
  • Foss Performance Materials

 

 

Eco Fiber Market Segmentation

 

Grand View Research has segmented the global eco fiber market report based on product, application, and region:

 

Eco Fiber Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

 

  • Organic
  • Manmade/Regenerated
  • Recycled
  • Natural

 

Eco Fiber Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

 

  • Textiles/Apparel
  • Industrial
  • Medical
  • Household Furnishing
  • Others

 

Eco Fiber Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
  • Central South America
    • Brazil
  • Middle East Africa
    • Saudi Arabia

 

 

 

Order a free sample PDF of the Eco Fiber Market Intelligence Study, published by Grand View Research.

 

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