Market Size, Share, Trends, Growth and Forecast 2032

Global Eco Fibers Market Insights

According to a report from Zion Market Research, the global Eco Fibers Market was valued at USD 50.90 Billion in 2023 and is projected to hit USD 254.88 Billion by 2032, with a compound annual growth rate (CAGR) of 19.6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Eco Fibers Market industry over the next decade.

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Eco Fibers Market Market Overview

The global eco fibers market is estimated for USD 50.90 Billion in 2023 and is expected to reach USD 254.88 Billion by 2032; growing at a CAGR of eco fibers market will be 19.6% from 2024 to 2032.

Fibers which do not need any chemicals or pesticides to grow are called eco fibers or eco-friendly fabrics. These fibers have a natural resistance to mildew and mold. It can be obtained from plants and animal skin. The manmade fibers are also called regenerated fibers and are made artificially by using the building blocks provided available in nature. Hemp, Bamboo, Soy, up-cycled, and recycled are different types of eco fibers material. Textile industries utilize a wide variety of eco fiber and are used in making accessories, bags and clothes. It is also used for making furnishing and household materials. These fibers are also used in making napkins, surgical clothes, adult and baby diapers, and bandages.

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COVID-19 Impact Analysis

The COVID-19 has negatively impacted the market in 2020. Many countries went into lockdown to battle the pandemic scenario, this led to the shutdown of numerous manufacturing facilities globally, till further notice or until the Covid positive cases minimizes. This worst affected the textile industry, along with the drop in business orders of garments by double-digit numbers in the market. Due to the drop in business, the government in many countries initiated schemes to revive the dying sector; this initiative later led the improvement and substantial growth in the sector.

Growth Factors

The eco fibers market is expected to grow in the projected timeframe. The surge is due to rising demand for technological advancements in fashion fabric, comfortable daily wear along with the government guidelines on textile chemicals in developed countries are fueling the demand for advances in the textile industry, which is expected to propel the market for eco fibers in the coming years. Eco fibers are environment friendly and therefore are gaining popularity in textile fabrics. These are made from substances, such as flax, hemp, bamboo and organic cotton, which are used in the production of fabrics. Organic cotton is gaining a grip and is a sustainable alternative to cotton in the global market.

These fibers are gaining traction in designer garments and apparel. The technological advancement in the eco fiber textiles offers characteristics such as hypoallergenic, antimicrobial, UV resistant, insulating, absorbent and highly breathable are anticipated to stimulate their position in the clothing market during the estimated timeframe.

Eco Fibers Market: Report Scope

Type Segment Analysis Preview

Regenerated fibers under type segment held a share of above 30% in 2022. This is due to the rising demand of eco fibers in textile industries. The surging medical textiles industry in India and China is anticipated to fuel the segments growth in the projected period. Increasing concerns related to the harmful effects of using synthetic fibers have propelled the demand for organic eco fiber in the recent past. It smells cleaner, feels softer and is less likely to trigger allergies. This stimulates its use in apparel and promotes market growth in the estimated period. The surging medical textiles industry is anticipated to open new ample growth opportunities for regenerated eco fiber in the long run.

Application Segment Analysis Preview

Clothing/Textile under application segment will grow at a CAGR of over 10% between 2024 to 2032. The surge is due to the increase demand for formal wear, fashionable clothing and casual wear in all age group. The demand for the eco fiber is also influenced by the consumer preference for a smooth texture, shape-retaining fabrics and softer feel, which will positively the segment growth in the long run. The surge in the product demand for numerous apparel products is predicted to fuel the market growth for eco fiber in the projected timeframe.

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Regional Analysis Preview

Asia Pacific held a share above 20% in the eco fibers market in 2022. This is due to the highly developed textile industry in India and China. Furthermore, manufacturers are preferring to set up manufacturing units in countries such as India, China and Bangladesh, due to high cotton production in the region coupled low labor costs.

Surging environmental issues owing to the used of numerous chemicals in textiles during the manufacturing process and various people affected by allergies and other diseases have increased the demand for eco fibers in various applications. The fibers are ecofriendly and do no harm to the environment even during the manufacturing phase. All these factors are responsible to fuel market growth for eco fiber in the region.

North America is expected to grow at a CAGR of over 9.5% in 2024-2032. The surge is due to the technological advancements in the North Americans textiles industry, which includes finishing treatments, heat-set synthetics; thermo-forming and Nano fibers are expected to propel growth in the forecast timeframe. The other factors contributing to the markets growth are surging demand for fashion accessories such as garments, handbags and shoes are also likely to drive the market growth in the region. Rising demand for eco-friendly solutions in numerous industrial applications is also anticipated to fuel the demand for textiles industry, thus boosting the market growth.

Key Market Players & Competitive Landscape

Some of the key players of eco fibers market are:- 

• Teijin Limited
• Lenzing AG
• Grasim Industries Limited
• US Fibers
• Wellman Plastics Recycling LLC
• Foss Manufacturing Company LLC.
• David C. Poole Company Inc.
• Polyfibre Industries Pvt. Ltd.
• Shanghai Tenbro Bamboo Textile Co.Ltd. 
• Among others

Some key players are focusing on extensive marketing strategies in order to gain a greater market share they are also shifting towards the developing economies in the Asia Pacific region due to the availability of cheap labor and an abundant amount of raw materials.

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The global eco fibers market is segmented as follows:

By Application

• Clothing/Textile
• Household & Furnishings
• Industrial
• Medical
• Others

By Type

• Organic Fibers
• Recycled Fibers
• Regenerated Fibers
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa