Global Eco Fiber Market: Overview

The demand in the global eco fiber market is rising at significant rate due to increasing environmental consciousness among people. Use of organic fibers supports development of conservative synthetic cotton like no use of pesticides or chemicals. This protects agricultural and environments from chronic diseases, help in generating larger returns for farmers, and improve water utilization. It also helps in reducing dependency on resources and results in increased biodiversity.

Moreover, rapid growth in textile industry especially in emerging regions such as China and India are the key areas that will drive demand in the global eco fiber market.  Favorable government policies for producing bio-based products along with strict sanctions focused synthetic polymers are projected to have a positive impact on the global eco fiber market. There are also other parameters, on which the growth of the market depends such as regional growth, segmentation, strategies used by competitors, recent developments, and prevailing trends in the eco fiber market. These insights assist players and decision makers to take well-informed and better decisions.  

Global Eco Fiber Market: Notable Developments

Vendors operating in the global eco fiber market are focusing on various organic and inorganic strategies to expand their growth potential and to get a firm hold in the market. Mergers and acquisition, partnership, and collaboration will also help them in expanding their presence in different regions. For example:

  • Recently, a leading producer of man-made fibers Lenzing has launched a new product Tencel fiber, which is made from cotton waste fabrics. This product is likely to boost the circular economy solution specifically in the textile industry.
  • New technology has been developed at the University of Helsinki and Aalto University, by using recycled newspaper, wood, old cotton, and cardboard to make fabric. The new fabric can also be recycled at the end of its life and help in reducing clothing waste.

Polyfibre Industries Pvt Ltd, Lenzing AG, US Fibers, Wellman Advanced Materials, Grasim Industries Ltd., Teijin Limited, China Bambro Textile (Group) Co., Ltd, David C. Poole Company, Inc., and Pilipinas Eco-fiber Corporation.

Global Eco Fiber Market: Trends and Opportunities

One of the remarkable trend seen in the use of eco fiber is that is widely accepted in numerous industries and industry players are also making persistent efforts to adopt these changes. For example, international companies like Patagonia, Nike, and Otto Group are shifting their focus on sustainability mainly to reduce waste, carbon emission, and energy. Moreover, recycled eco fibers have also earned huge popularity as it not only reduces harmful environmental effects but also ensures secured income and high premiums to the farmers. These changes across the globe and other out breaking steps taken by industry players are likely to augment growth in the global eco fiber market.                                                                        

Supportive Textile Trading Policies to Bolster Growth of Eco Fiber in Asia Pacific

Geographically, Asia Pacific is expected to lead the global eco fiber market in the forthcoming years. Growing demand for high quality and sustainable garments, and rising popularity of environment friendly fibers lead demand of eco fiber in this region. Supportive government policies related to textile trading and rapid industrialization has made Asia Pacific major markets to expanding eco fiber market. China is likely to be the most preferred markets due to increasing online fashion in the country. Moreover, China is considered largest producer and consumer of eco-friendly fibers, which makes it more preferable market for the growth of eco fiber.

Reach of eco fiber in Latin America, North America, Europe, and the Middle East and Africa are also described in the report. Of these, North America is expected to hold second position after Asia Pacific in the global eco fiber market. In North America, there is a high demand for cotton garments, which has resulted in advancements in fabrics. Nowadays, fabrics are induced with antistatic, antimicrobial, and antibacterial agents. These factors have boosted growth in North America eco fiber market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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