COVID-19 Impact on Eco Fibers Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the eco fibers market.
Key Drivers and Restraints of Eco Fibers Market
- Eco fibers are primarily employed in the textiles industry. Increase in usage of luxury and trending fashionable clothes, especially among youth and adult populace, is anticipated to fuel the market. Eco fibers are usually made of different substances, such as hemp, flax, organic cotton, and bamboo, which are used in the production of fabrics. Products such as organic cotton, are gaining traction and serve as a sustainable alternatives to conventional cotton in the global market. Increase in demand for eco fibers in various textiles and industrial applications is expected to fuel the global eco fibers market in the next few years.
- Rise in demand for eco fibers in the industrial segment is expected to create significant opportunities for the eco fibers market in the near future. Wide range of applications of eco fibers in various applications is expected to boost the demand for eco fibers in the near future.
Eco Fibers: Type Segment
- In terms of type, the global eco fibers market can be divided into organic fibers, recycled fibers, regenerated fibers, and others
- The organic fibers segment is projected to hold major share of the global eco fibers market during the forecast period. This can be ascribed to the increase in awareness about use of eco-friendly products and environmental regulations, which in turn emphasizes on the use of efficient and environmentally-friendly techniques in the production of fibers.
- The regenerated fibers segment is projected to follow the organic fibers segment during the forecast period. Rapid growth in the medical textile industry in India and China is expected to create ample growth opportunities, thereby benefiting the regenerated fibers segment. High demand for regenerated fibers in textiles and industrial applications is driving the global eco fibers market.
Eco Fibers: Application Segment
- Based on application, the global eco fibers market can be segmented into textiles, industrial, household & furnishing, and others
- The textiles segment is projected to gain higher share of the global market during the forecast period. Textile is expected to remain one of the most lucrative application segments. In addition, the emergence of e-commerce portals that provide favorable discount packages and free delivery services is expected to boost the consumption of apparel, thereby driving the segment.
- The industrial segment is also projected to hold key share of the global eco fibers market in the near future. Recycled nylon fibers are highly preferred for industrial applications. Rise in demand for these fibers in core industries such as chemical, automotive, and renewable power is the key factor boosting the industrial segment of the eco fibers market in the near future.
Asia Pacific to Hold Leading Share of Eco Fibers Market
- In terms of region, the eco fibers market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global eco fibers market, followed by Europe and North America, during the forecast period. This can be attributed to the highly developed textile industry in China and India. Furthermore, manufacturers prefer to set up manufacturing units in China, India, Bangladesh, and Pakistan owing to high cotton production and low labor costs in these countries. Eco fibers have also been used for household applications, such as tarpaulins, geotextiles, bags, carpets, and furniture materials. China majorly exports its household materials to other countries such as India and Pakistan.
- The eco fibers market in North America and Europe is projected to expand at a rapid pace in the near future
Key Manufacturers Operating in Eco Fibers Market
The eco fibers market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the eco fibers market include:
- LENZING AG (ECOVERO)
- Foss Performance Materials
- Aditya Birla Management Corporation Pvt. Ltd (Grasim Industries Limited)
- Pilipinas Ecofiber Corp.
- Polyfibre Industries
- SATERI
- Shanghai Tenbro Bamboo Textile Co. Ltd
- Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd
- TEIJIN LIMITED (TEIJIN FRONTIER CO. LTD)
- Universal Fibers Inc.
- Wellman Advanced Materials
Eco Fibers: Research Scope
Eco Fibers Market, by Type
- Organic Fibers
- Recycled Fibers
- Regenerated Fibers
- Others
Eco Fibers Market, by Application
- Textiles
- Industrial
- Household & Furnishing
- Others
Global Eco Fibers Market, by Region
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Eco Fibers: Introduction
- Eco fibers are fibers that do not require any pesticides or chemicals to grow. They are naturally resistant to mold and mildew. These fibers are obtained from animal skin (protein fiber) and plants (cellulose). Regenerated fibers are also called manmade fibers. They are made artificially made by using building blocks provided by the nature. Eco fibers are environmentally friendly and hence have been increasingly used in textile fabrics.
- The textile industry is considered to be a major user of eco fibers. These fibers ate primarily used for making clothes, accessories, and bags. Eco fibers are also widely used for making household and furnishing materials.
