Global Eco-Fibers Market Research Report 2023

Global Eco-Fibers Market Synopsis

The Global Eco-Fibers Market size is expected to grow from USD 56630 Million in 2023 to USD 102860 Million by 2030, at a CAGR of 8.90% during the forecast period (2023-2030).

Eco fibers, also referred to as sustainable fibers or environmentally friendly fibers, are textile materials manufactured through processes and materials that have a minimal adverse impact on the environment. These fibers are usually sourced from renewable resources or recycled materials, to reduce the consumption of chemicals, energy, and water during production.

• Eco-fibers help minimize the ecological footprint of the textile industry. By using renewable resources or recycled materials, they reduce the dependence on non-renewable resources and mitigate the negative impacts associated with extraction and processing.
• Eco fibers aim to minimize the use of harmful chemicals, such as pesticides and synthetic dyes, during production. This not only benefits the environment but also contributes to the health and well-being of workers in the textile industry and consumers who come into contact with these fibers.
• With growing awareness about sustainability, consumers are increasingly seeking products made from eco-friendly materials. The popularity of eco-fibers can drive market demand, leading to increased availability and affordability, and encouraging the textile industry to adopt more sustainable practices. Eco-fibers play a crucial role in transforming the textile industry towards a more sustainable and responsible future.

Top Key Players Involved Are:

"Vrijesh Natural Fibre & Fabrics Pvt Ltd (India), Trex Company Inc (U.S.), Fiberon (U.S.), OECO Textiles (U.S.), Barnhardt Manufacturing Company (U.S.), Advanced Environmental Recycling Technologies Inc (U.S.), BComp Ltd (Switzerland), The Natural Fibre Company (U.K.), UPM (Finland), TECNARO GMBH (Germany), Procotex (France), FlexForm SpA (U.S.), China National Cotton Group Corp (China), Grasim Industries Limited (Nagda), Shandong Ruyi Technology Group Co Ltd (China), COFCO (China), Ananas Anam (U.K.), BASF SE (Germany), Bast Fiber Technologies Inc. (Canada), Kelheim Fibres GmbH (Germany), Circular Systems (U.S.), Evrnu SPC (U.S.), Natural Fiber Welding Inc (U.S.) and Other Major Players."

Global Eco-Fibers Market Trend Analysis

Growing Synergy Between Luxury and Sustainability

• The market for eco-fibers has witnessed a significant inclination in recent years, primarily due to the increasing demand for luxurious and fashionable sustainable products. With heightened awareness about the environmental impact of consumer choices, individuals are now seeking stylish, high-quality items that align with their values. This shift in consumer preferences has fueled the popularity of eco-fibers, which offer a compelling combination of sustainability and trendy designs.
• Leading luxury brands and fashion designers have acknowledged this trend and are integrating eco-fibers into their collections, showcasing the versatility and aesthetic appeal of these sustainable materials. Whether it's organic cotton, bamboo, recycled polyester, or innovative plant-based fibers, the eco-fiber market is witnessing a surge in innovative and visually appealing options.
• In Conclusion, this growing synergy between luxury and sustainability not only meets the evolving needs of consumers but also drives the industry towards more environmentally friendly practices. With an array of innovative and aesthetically appealing options available, the eco-fiber market is playing a significant role in shaping the future of fashion by providing sustainable alternatives that are both fashionable and eco-conscious.

Rising Environmental Concern

• The rising environmental concern presents a significant opportunity for the eco-fiber market. As the global population becomes more aware of the environmental challenges we face, there is an increasing demand for sustainable alternatives in various industries, including fashion and textiles. This heightened awareness has led consumers to seek eco-friendly options that minimize their impact on the planet.
• The eco-fiber market, with its focus on sustainable sourcing, production, and use of materials, is well-positioned to capitalize on this growing trend. Eco fibers offer a range of benefits, such as reduced carbon emissions, decreased water, and energy usage, and minimized reliance on harmful chemicals. These factors align with the values and preferences of environmentally conscious consumers.
• The rising environmental concern has created a favorable environment for the growth and expansion of the eco-fiber market. It presents an opportunity for innovation, collaboration, and investment in research and development to further improve the sustainability and performance of eco fibers. As the demand for eco-friendly products continues to rise, the eco-fiber market is poised to play a vital role in providing sustainable solutions and driving positive change in the textile industry and beyond.

Segmentation Analysis of the Global Eco-Fibers Market

The Global Eco-Fibers Market segments cover the Type, Application. By Type, Organic Fiber Segment is Anticipated to Dominate the Market Over the Forecast period.

• The organic fibers segment holds a dominant position in the eco-fiber market. Organic fibers are derived from plants that are grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). They are cultivated using organic farming practices, which prioritize environmental sustainability and promote soil health.
• There are several reasons why the organic fibers segment has emerged as a leader in the eco-fiber market. First and foremost, organic fibers align closely with consumer demand for sustainable and eco-friendly products. Conscious consumers are increasingly seeking out organic options to reduce their environmental impact and minimize exposure to potentially harmful chemicals.
• The dominance of the organic fibers segment in the eco-fiber market is likely to continue as sustainability remains a key driver in consumer choices. However, it's important to note that other types of eco fibers, such as recycled fibers and cellulosic fibers, are also gaining traction and contributing to the overall growth and diversification of the market.

Regional Analysis of The Global Eco-Fibers Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific region is anticipated to have a significant presence in the global market, primarily driven by the well-established textile industry in countries such as China and India. The presence of these robust textile sectors contributes to the dominance of the region in the market. Additionally, countries like China, India, Bangladesh, and Pakistan are preferred manufacturing destinations due to their high cotton production and cost-effective labor.
• Increasing environmental concerns related to the use of chemicals in textiles and the rising prevalence of diseases among the population have led to a growing demand for eco fibers in various applications. Eco fibers are known for their human-friendly characteristics and their minimal impact on the environment, even during the production phase.

                                                                                                                                                                                                Source: Statista

The APAC region holds a dominant position in the eco-fiber market due to its significant cotton crop production, which serves as a primary source of organic fiber. China, with a cotton production of approximately 5879 mt in the year 2021/22, leads the region, closely followed by India. These two countries play a crucial role as major cotton producers, and as cotton production increases, it leads to a subsequent rise in eco-fiber production. This growth in eco-fiber production further solidifies the APAC region's dominance in the market.

Covid-19 Impact Analysis on the Global Eco-Fibers Market

• The global eco-fiber market has been significantly impacted by the outbreak of the COVID-19 pandemic. The economic growth of many developing countries has experienced a decline, leading to changes in consumer spending patterns. Among the industries affected, the textile sector suffered a severe blow. Orders for garments plummeted by double-digit numbers in the global market.
• In response to this crisis, initiatives have been launched to improve the working conditions in the garment industry. For instance, the European Union (E.U.) and Better Work have collaborated on a program aimed at enhancing working conditions.
• It is evident that the COVID-19 pandemic has had a profound impact on the global eco-fiber market, particularly in the textile industry. However, efforts to improve working conditions and revitalize the sector through initiatives like the E.U. and Better Work program are expected to play a crucial role in driving the demand for eco-fibers in the future.

Top Key Players Covered in the Global Eco-Fibers Market

• Vrijesh Natural Fibre & Fabrics Pvt Ltd (India)
• Trex Company Inc (U.S.)
• Fiberon (U.S.)
• OECO Textiles (U.S.)
• Barnhardt Manufacturing Company (U.S.)
• Advanced Environmental Recycling Technologies Inc (U.S.)
• BComp Ltd (Switzerland)
• The Natural Fibre Company (U.K.)
• UPM (Finland)
• TECNARO GMBH (Germany)
• Procotex (France)
• FlexForm SpA (U.S.)
• China National Cotton Group Corp (China)
• Grasim Industries Limited (Nagda)
• Shandong Ruyi Technology Group Co Ltd (China)
• COFCO (China)
• Ananas Anam (U.K.)
• BASF SE (Germany)
• Bast Fiber Technologies Inc. (Canada)
• Kelheim Fibres GmbH (Germany)
• Circular Systems (U.S.)
• Evrnu SPC (U.S.)
• Natural Fiber Welding Inc (U.S.) and Other Major Players.

Key Industry Developments in the Global Eco-Fibers Market

In April 2023, LENZING™ ECOVERO™ expanded its brand portfolio, offering customers a wider range of sustainable options. Brands and retailers have been able to cater to the growing demand for sustainable apparel and home textile products by utilizing LENZING™ ECOVERO™ branded specialty viscose fibers. These fibers have provided numerous eco-friendly options that are both fashionable and comfortable. With their strong sustainability credentials, LENZING™ ECOVERO™ fibers are highly recognized in the industry, making them a preferred choice for brands and consumers alike who want to make a positive impact on the environment.

In March 2023, Nanollose extended its fiber collaboration with Birla Cellulose. Nanollose, an Australian biotechnology company, has announced the renewal of its partnership with Grasim Industries, a producer of man-made cellulosic fibers. The collaboration aims to further the commercialization of Nanollose's eco-friendly and sustainable "tree-free" fibers. Nanollose and Birla Cellulose have collaborated extensively to create a high-tenacity lyocell fiber using microbial cellulose. This form of cellulose, derived from a natural fermentation process on various food and agricultural waste and by-products, is considered "Tree-Free."