Who are the key players in Eco Fibers Market?

LENZING AG (ECOVERO), SATERI, Aditya Birla Management Corporation Pvt. Ltd (Grasim Industries Limited), Universal Fibers Inc. and Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd are the major companies operating in the Eco Fibers Market. Read More

Which is the fastest growing region in Eco Fibers Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Eco Fibers Market?

In 2024, the Asia Pacific accounts for the largest market share in Eco Fibers Market. Read More

What years does this Eco Fibers Market cover, and what was the market size in 2023?

In 2023, the Eco Fibers Market size was estimated at USD 49.07 billion. The report covers the Eco Fibers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Eco Fibers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Eco Fibers Market Size

Market Size of Eco Fibers Industry

Study Period	2019 - 2029
Market Size (2024)	USD 53.34 Billion
Market Size (2029)	USD 79.84 Billion
CAGR (2024 - 2029)	> 8.00 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Eco Fibers Market Analysis

The Eco Fibers Market size is estimated at USD 53.34 billion in 2024, and is expected to reach USD 79.84 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

The eco fibers market was negatively impacted by COVID-19 in 2020. The textile industry was one of the industries to be worst affected by the pandemic, with business orders of garments dropping by double-digit numbers in the global market. However, the governments of most countries initiated various schemes to revive the sector, which later led to substantial growth and improvement in the sector. For instance, in Europe, the European Union (EU) and Better Work, a program to improve working conditions in the garment industry, decided to join efforts to improve working conditions in countries such as Bangladesh and Vietnam. Such initiatives helped revive the sector and consequently boosted eco-fiber demand.

Over the long run, growing demand for daily and fashion wear and increasing use of eco-fiber in household applications are expected to drive the market studied.

The high cost of final products is expected to hinder the market growth of eco fibers through the coming years.

Growing demand for natural fibers in various applications is expected to create opportunities for the market in the coming years.

Asia-Pacific is expected to dominate the global eco fibers market, and it is also expected to register the fastest growth through the forecast period.

Eco Fibers Industry Segmentation

Eco-fibers, or eco-friendly fabrics, are fibers that are not grown chemically or with the help of pesticides. They are millable, moldable, and disease-free. Such fibers are increasingly adopted in textile manufacturing owing to their environment and health-friendly nature in the flow processes.

The eco fibers market is segmented by type (organic fibers and recycled fibers), application (textiles, industrial, household and furnishing, and other applications {shoes, consumer goods, etc.}), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report also covers the market size and forecasts for the market in 17 countries across the globe.

The report offers market size and forecasts for the Eco Fibers market in value (USD) for all the above segments.

Type
		Organic Fibers
		Recycled Fibers
		Other Types

Application
		Textiles
		Industrial
		Household and Furnishing
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	ASEAN Countries
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Russia
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Eco Fibers Market Size Summary

The eco fibers market is poised for significant growth, driven by increasing global emphasis on sustainability and environmental friendliness. Eco fibers, made from materials like hemp, flax, organic cotton, and bamboo, are gaining traction as sustainable alternatives to conventional fibers. The market experienced a downturn due to the COVID-19 pandemic, which severely impacted the textile industry. However, government initiatives and programs aimed at improving working conditions and reviving the sector have led to a resurgence in demand for eco fibers. The market is expected to expand as the demand for eco-friendly textiles in daily and fashion wear, as well as household applications, continues to rise. Despite the high cost of eco fiber products posing a challenge, the growing consumer preference for natural fibers presents lucrative opportunities for market players.

Asia-Pacific is anticipated to dominate the global eco fibers market, with China and India playing pivotal roles due to their advanced textile industries and abundant cotton production. The region's growth is further supported by the availability of cost-effective labor and the increasing demand for eco-friendly textiles to address environmental concerns. Eco fibers are also finding applications in packaging, a sector experiencing rapid growth due to rising consumer demand for sustainable packaging solutions. The market is characterized by a partially consolidated structure, with key players like SATERI, Aditya Birla Management Corporation Pvt. Ltd, and LENZING AG leading the charge. Recent collaborations and production milestones, such as those by the Lenzing Group, underscore the industry's shift towards a circular economy, further bolstering the market's growth prospects.

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Eco Fibers Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Growing Demand from Daily and Fashion Wear
  2. 1.1.2 Increasing Household Applications
2. 1.2 Restraints
  1. 1.2.1 High Cost of Final Products
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Type
  1. 2.1.1 Organic Fibers
  2. 2.1.2 Recycled Fibers
  3. 2.1.3 Other Types
2. 2.2 Application
  1. 2.2.1 Textiles
  2. 2.2.2 Industrial
  3. 2.2.3 Household and Furnishing
  4. 2.2.4 Other Applications
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 ASEAN Countries
    6. 2.3.1.6 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Russia
    6. 2.3.3.6 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa