Global Eco Fiber Market, By Product Type, and Application Forecast to 2025
The extensive usage of chemical agents include scouring agents, wetting agents, soaping, and dyeing agent for the manufacture of textile based products. It has raised several concerns regarding environmental pollution which has resulted in global warming. This has paved the way for eco fibers and the demand for the same is expected to intensify further over the forecast period.
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Eco fiber is a thin long thread or a strand having flexible texture, exists in natural form. Rising concerns regarding global warming and adequate initiatives taken towards minimizing the same, rapid expansion of the textile industry, and fluctuation in the prices of conventional fabrics are some of the major factors fuelling the growth of the eco fiber market. Furthermore, the major players operating in this market are engaged in the manufacturing of various eco-friendly products such as organic cotton and bamboo fibers, which is further propelling the growth of the market. Production of organic cotton does not involve any pesticide or chemicals and saves water consumption by around 70%. This is another major factor propelling the growth of the eco fibers market at the global level.
Among product type, the synthetic fiber held a dominant position in the eco fiber market in 2016, while it is expected to lose demand over the forecast period, owing to rapid growth of its natural counterparts. Natural fibers are made up of materials such as hemp, jute, and among others. However, more than 60% of the consumer still prefer synthetic fibers over natural fibers owing to its easy availability. Among applications, the textile segment accounted for the dominant share in 2016 and is projected to retain its dominance over the forecast period.
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Key Players in the Global Eco Fiber Market
Some of the key players operating in the global eco fiber market include Enkev Bv, Esprit Global, Envirotextiles, European Industrial Hemp Association, Flexform Technologies, Foss Manufacturing, Hayleys Fibers, Aditya Birla Management, Ananafit, Aquafi, Greenfibres, Bcomp, David C. Poole, Ecofibre, Ecological Fibers. Lenzing AG, Grasim Industries Limited, Teijin Ltd., and US Fibers.
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