Eco Fiber Market Size, Share & Trends Analysis Report By Product (Organic, Manmade/Regenerated), By Application (Textile/Apparel, Industrial, Medical), By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global eco fiber market size was valued at USD 40.58 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. Rising concerns regarding the harmful impacts of using synthetic fibers on the environment are projected to benefit the growth of the market over the forecast period. Eco fibers are gaining popularity in designer apparel and garments. Technological 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 over the forecast period. The market in the U.S. is expected to witness significant growth as the textile companies in the country are focused on developing effective work processes, restructuring their businesses, and investing in niche products and markets. This has, in turn, proven to be conducive to the growth of the industry.

The rapidly growing online fashion market, rising disposable income, and the development of high-quality innovative fabrics are factors driving the textile industry across the globe. In addition, stringent environmental regulations formulated by the government have encouraged local garment manufacturers to adopt greener raw materials and environmentally friendly practices.

Regulations have been imposed on the manufacturing as well as disposal of synthetic sources of fiber production across the economies. This trend has led to a shift in preference toward bio-based alternatives, such as organic cotton, hemp, and other sources of eco fibers, which is anticipated to fuel the market growth over the forecast period.

The market growth has been negatively influenced by rapidly increasing prices of organic cotton and other eco-friendly alternatives. High costs of fertilizers, expensive equipment required for organic production, and frequent crop failures due to climatic irregularities are some of the key factors responsible for a considerable fall in demand for eco fiber products.

Product Insights

The manmade or regenerated product segment led the market and accounted for 57.08% share of the global revenue in 2019 on account of the rising demand for textile fibers free from harmful chemicals. The rapidly growing medical textiles industry in India and China is expected to drive the segment over the forecast period.

Organic eco fibers are grown in controlled settings without using herbicides, chemicals, and pesticides. Growing conditions for the product 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 the harmful environmental effects of using synthetic fibers have boosted the demand for organic eco fiber in the past few years. Organic cotton is a sustainable raw material and is less allergy-prone, which promotes its use in apparel and other applications. This is anticipated to augment segment growth over the forecast period.

Regenerated fibers are an integral part of manmade fibers and are produced artificially by using either proteins or cellulose. Soy, corn, peanuts, and milk are some of the commonly used proteins in the production of regenerated fibers. The rapidly growing medical textiles industry is expected to create ample growth opportunities for regenerated eco fiber.

Application Insights

The textile or apparel application segment led the market and accounted for 46.88% share of the global revenue in 2019 owing to the high demand for casual wear, formal wear, and fashionable clothing among all age groups. Rising product demand in several apparel products is projected to benefit the segment growth over the forecast period.

The increasing use of luxury and trending fashionable clothes, especially among youth and adult populace, is another significant factor driving the segment. Furthermore, increasing the availability of different clothing varieties for infants and children is expected to have a positive impact on the overall consumption of textiles by 2027, thereby fueling the segment growth.

Eco fiber finds application in numerous industrial and construction applications owing to its superior characteristics and sustainability. This product is used in the construction of house structures, dams, and tunnels. The rapidly expanding manufacturing industry in the Asia Pacific region is anticipated to propel the demand for the product in the industrial applications.

Rising consumer preferences for a soft feel, shape-retaining fabrics, and smooth texture is expected to positively influence the consumption of household textiles. Increasing demand for household textiles, including carpets and rugs, curtains, chair seating, sofa cushions, and covers, and other home furnishings, is projected to boost the segment growth over the forecast period.

Regional Insights

Asia Pacific dominated the market and accounted for a 33.01% share in terms of revenue in 2019 owing to the growing demand for apparel and sustainable textiles. Increasing consumer preference for smooth textured fabrics and expanding population in the region are expected to propel the demand for the product over the forecast period.

Rising awareness regarding the sustainable production of textiles, coupled with increasing demand for recycling fashion and organic clothing, has spurred the product demand across the region. Several organic and other environmentally friendly fibers are rapidly gaining popularity among designers, thereby fueling the product application in the textile industry.

Technological advancements in the North American textiles industry, including heat-set synthetics, finishing treatments, nanofibers, and thermo-forming, are projected to witness rapid growth, thereby contributing significantly to the overall growth of the market. High demand for fashion accessories, including shoes, garments, and handbags, is also likely to augment market growth.

The textiles and apparel industry is anticipated to witness significant growth over the forecast period in North America owing to the increasing demand for textiles for filtration and separation applications and protective clothing. Rising demand for environment-friendly solutions in various industrial applications is expected to drive the demand for textiles, thereby boosting the market growth.

Key Companies & Market Share Insights

The market for eco fiber is fragmented with the presence of leading international players. However, the global industry is shifting towards the emerging economies of Asia Pacific owing to the presence of cheap labor and an ample amount of raw materials. Innovation and extensive marketing strategies are the key factors for new entrants owing to high competition in the market. The market is characterized by the presence of players that are engaged in various marketing strategies in order to gain a greater market share. For instance, Lenzing AG announced its plan to build the world’s largest dissolving wood pulp plant in Brazil in 2019. This has resulted in increased production, benefiting the company position in the market. Some of the prominent players in the 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 Report Scope

Segments Covered in the Report

This report forecasts volume and revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global eco fiber market report on the basis of product, application, and region:

• Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Organic

  • Manmade/Regenerated

  • Recycled

  • Natural

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • Textile/Apparel

  • Industrial

  • Medical

  • Household & Furnishing

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia