Eco Fiber Market Size, Share & Trends Analysis Report By Product (Organic, Manmade/Regenerated, Recycled) By Application (Textiles/Apparel, Industrial, Medical), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the eco fiber market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for eco fiber market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of eco fiber market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Eco Fiber Market Categorization:

The eco fiber market was categorized into four segments, namely product (Organic, Manmade/Regenerated, Recycled,Natural), application (Textiles/Apparel, Industrial, Medical,Household & Furnishing), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The eco fiber market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The eco fiber market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twelve countries, namely, the U.S.; Canada; Mexico; U.K.; Germany; Italy; France; India; China; Japan; Brazil; Saudi Arabia

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Eco fiber market companies & financials:

The eco fiber market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Lenzing AG is involved in manufacturing and supplying cellulose fibers for textiles and non-woven industries. It specializes in developing sustainable fiber solutions for textile & fashion, household, and industrial sectors. It utilizes numerous modern instrumental methods and analytical devices and is involved in research & development activities to offer an innovative product portfolio. Lenzing holds 1,302 patents and patent applications in 52 countries to offer a unique and quality product portfolio. Its fiber segment accounted for 70.3% of revenue from textile fibers and the remaining from fibers for nonwoven and new business areas.

• US Fibers is headquartered in South Carolina, U.S. The company specializes in recycling polyester fiber and producing staple fiber for numerous end-use industries including automotive, filtration, furniture, non-woven, and geotextiles. It offers premium quality recycled polyester staple fibers while helping industries reach their recycling goals. The company operates with its piolet scale staple production line as well as needle punched nonwoven line to offer a wide variety of products for the application industries.

• Polyfibre Industries is a privately held company. It is engaged in processing polyester waste. The company has a manufacturing facility in Daman, India for producing regenerated polyester staple solid fiber with an annual capacity of 24,000 metric tons. The company’s products find applications in various end-use industries including non-woven, filter, automotive, and geotextiles. Needle-punched non-woven fabrics manufactured by the company are utilized in various applications such as quilts, winter cloth, sleeping bags, and car fabrics. The company produces car fabrics in numerous dope-dyed shades as per the preference of carmakers.

• Grasim Industries Ltd. is segmented into the following businesses; cement, financial services, viscose, chemicals, and others. Cement held a revenue share of 51% in 2019, followed by financial services with 21%, viscose with 14%, and chemicals with 9%. The company has 4 fiber plants and 1 pulp plant in India. The company’s aggregate annual capacity is 566,000 tons. Its manufacturing plants are located in Nagda, Kharach, and Vilayat in India. The company produced 5.41 lakh tons of viscose staple fiber in the financial year (FY) 2018-2019.

• Wellman Advanced Materials is a compounder and supplier of thermoplastic resin. The fiber division of the company is located in Johnsonville, South Carolina. The division has an annual production capacity of 90 million pounds. It specializes in producing staple fibers from 3 to 45 denier and specialty PET fibers for a wide range of applications from automotive interior and exterior applications to home furnishings. Wellman Advanced Materials offers recycled staple fibers as well as a range of virgin-based resins across the U.S. The company also offers numerous other products including nylon and engineering resins for consumer goods, electronics, automotive, and personal care industries. It also manufactures and supplies high performance anhydrous lanolin.

• Shanghai Tenbro Bamboo Textile Co. Ltd. is engaged in manufacturing and supplying bamboo fiber products across the globe. The company is a patent holder of bamboo fiber products accredited by the State Intellectual Bureau in China. It has a production capacity of 30,000 tons of bamboo fiber and 50,000 tons of bamboo pulp per year. The company largely focuses on environment-friendly approaches for production, such as rebuilding the discharging establishment to reduce the pollutant discharge during production. The company exports its premium quality products to the UK, Germany, the U.S., Australia, Chile, Egypt, Mexico, Pakistan, Japan, New Zealand, and Argentina among others.

• China Bambro Textile (Group) Co., Ltd. is specializes in manufacturing and marketing of bamboo series products such as biodegradable bamboo fibers, yarns, knitting fabric, tops, towels, and woven fabric. The company has an annual production capacity of 20,000 tons. It offers premium quality eco-friendly products under the brand name “Bambrotex”. The company invests extensively in R&D to develop innovative textile products made from bamboo textiles. It is also involved in the production of numerous eco-friendly products using hemp, organic cotton, Tencel, and viscose.

• Pilipinas Ecofiber Corporation is operating as a subsidiary of Foundation for a Sustainable Society, Inc. (FSSI). It is engaged in the manufacturing of processed abaca and coco fibers. It also specializes in the fabrication of decorticating and baling machines utilized in fiber processing. The company supplies coco mats made of stitched fiber to local furniture and bed manufacturers and has both a domestic and export market for various products including stitched coir pads and mats, coco nets, plant liners, coco sacks, coco trays and pots, and cocopeat.

• Teijin Limited is a diversified global group offering high-performance fibers such as carbon fibers, composites, aramid, resins, and plastic processing services as well as eco-friendly polyester fibers among other products. The company caters its offerings to various markets including electronics, safety & protection, sustainable transportation, information & electronics, environment & energy, energy, and healthcare among others. Teijin Limited’s reportable product segments are material, polyester fibers & trading and retail, composites & others, healthcare, and others. The company’s geographical presence is spread across Japan, the PRC, the U.S., Asia, the Americas, Europe, and others.

• David C. Poole Company, Inc. was established in the year 1993 and is headquartered in Michigan, U.S. It specializes in distributing recycled fibers, spinning fibers, non-woven fibers, and heavy deniers among others. The company also designs, manufactures, and offers technical services related to fiber products across major markets with its focus on sustainability and value for customers. It has a 400,000-square-foot manufacturing and distribution center in Johnsonville, South Carolina, over. The company also has an operational presence in China and India.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Eco Fiber Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Eco Fiber Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.