Eco Fibers Market Industry - Global Growth Drivers & New Opportunities

The Eco Fibers market size is estimated to be USD 52.0 Billion in 2022 and is projected to reach USD 78.3 Billion by 2027, at a CAGR of 8.5%.

The term "eco fibers" refers to sustainable fibers produced with the least amount of environmental harm using any organic material, a combination of organic or natural material, or recycled material. The main eco-fibers are recycled polyester, recycled nylon, recycled polyester, organic cotton, organic wool, viscose, and lyocell.

Browse?190 market data Tables and?43 Figures spread through?189 Pages and in-depth TOC on "Eco Fibers Market by Type (Regenerated fibers, Recycled fibers, Organic fibers), Application (Textile/Clothing, Household Furnishings, Industrial, Medical), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast"

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Eco fibers are categorized into organic, regenerate, and recycled fibers. Wool, hemp, flax, and organic cotton are all organic fibers. The most common fiber among these is organic cotton, which is mostly used in the apparel sector. Lyocell and viscose are the two main fibers used in regenerated fibers. Post-consumer and post-industrial waste nylon and polyester fibers are examples of recyclable fibers chemical and mechanical conversion procedures that are eco-friendly and energy-efficient are used to separate these fibers from the waste.

The major function of eco fibers is in the clothing\textile, where it is used in the manufacturing of fabric and yarns that further find their application in applications such as clothing/Textile, household, medical and industrial. Eco fibers are used because they reduce manufacturing costs, have features that are like those of virgin fibers (such as strength, dyeing ease, high moisture recovering capacity, and so on), and, most importantly, are environmentally friendly.

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Global players primarily meet the demand for eco fibers from diverse end-use sectors. Grasim Industries Limited (India), Lenzing AG (Austria), Sateri Group (China), Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd. (China), and US Fibers (US) are a few of the top manufacturers of eco fibers. These industries, along with other local companies, meet the demand for eco-fibers on a global scale.

Sateri Group (China), High-quality fibers like viscose, lyocell, recycled, and non-woven fabrics and yarns are produced by Sateri. The business provides fibers for usage in a variety of end markets, including the textile and apparel, medical, industrial, and other sectors. Using these cellulosic fibers, a wide range of clothing, including shirts, dresses, innerwear, outerwear, etc., can be made. The business has locations throughout Asia, Europe, and the Americas.

Lenzing AG (Austria) is a manufacturer and distributor of eco fibers. The company provide its products to textile and non-woven industries, the packaging industry, the automotive industry, and others. The company has three major business revenue segments Pulp division, Fiber Division, and others. The product portfolio of the company includes Viscose, Lyocell, Modal, and other filament yarns. The company has 8 production sites and 10 planning and sales offices across the globe.

Grasim Industries Limited (India), Producing textiles, chemicals, and other goods is the primary business of Grasim Industries Limited (India), a member of the Aditya Birla Group. This corporation has four operational segments, including cement, financial services, and viscose chemicals. Under its segment for viscose staple fiber, the company manufactures regenerated cellulosic fiber. Viscose fibers can be produced in a total of four production units, whereas viscose filament yarns can be produced in two production units.

Other Companies have initiated following Developments.

• In March 2022, the world’s largest lyocell production plant was opened by Lenzing AG in Thailand. The production capacity of this plant is 100,000 tons.
• In April 2022, The Teijin LTD.?has created an excellent-performing eco-friendly staple polyester nanofiber to reinforce rubber used in products like vehicle tyres, hoses, and belts.
• In January 2022, GP Cellulose, LLC., invested USD 80 Million to expand its fluff pulp production capacity.
• In November 2021, Grasim Industries Limited expanded its viscose production capacity by 300 tons per day.
• In February 2021, Lenzing AG introduced new zero-carbon lyocell fibers namely TENCEL and TENCEL REFIBRA, under the brand name of TENCEL.
• In March 2021, Sateri has planned to expand the production capacity by 500,000 tons by 2025.
• In February 2021, Sateri launched its recycled fiber namely FINEX.

The Eco fiber market size is estimated to be USD 52.0 Billion in 2022 and is projected to reach USD 78.3 Billion by 2027, at a CAGR of 8.5%. Eco fibers are materials that are grown, processed, and created under strict environmental guidelines. In the current context, protecting the environment from further harm and improving the supply chain of various industrial processes to make them less detrimental to the environment are the two main reasons for the growth of eco fibers.

Eco fibers are a niche but rapidly expanding market segment in the textiles sector. These materials can be utilised for any task just as effectively as synthetic fibers, but they are also manufactured and used in a way that is environmentally beneficial. Eco fibers fall into three categories: organic, regenerated, and recycled. Organic fibers are those that are produced and cultivated in an environmentally sustainable manner. Without using chemical herbicides, insecticides, or fertilizers, the crop is grown; it is then spun into fiber or yarn with little damage to the environment and effective use of energy. Regenerated Fibers are best defined as fibers produced artificially using the natural building blocks. Recycled fibers are made from post-consumer or post-industrial waste using environmentally friendly manufacturing techniques. Environmental awareness and strict government rules relating to landfills and dumping grounds have fueled the markets for recycled eco fibers on a global scale. the recycled fibers segment, recycled polyester is the preferred fiber mainly used in the manufacturing of household materials, clothing, apparel, and the fashion industry. Viscose and lyocell in the regenerated fibers category are ideal in the production of automotive accessories, apparels, protective clothing, and medical fixtures

The applications are used to segment the eco fibers market. The eco fibers can be used in a variety of applications, including clothing & textiles, home furnishings, industrial applications, and healthcare. In the textile application, it is used in making various kinds of clothes, tarpaulins, tents, hotel sheets, and uniforms. In the household, the uses range from bed sheets to curtains. However, in industrial applications, it is used in making flame and chemical-resistant suits for the chemical and energy sectors. In medical applications, eco fibers are used to manufacture protective gowns, gloves, masks, and so on.

Due to the rise in per capita expenditure, expanding population, shifting lifestyles, soaring demand for eco-friendly materials, and the blooming textile sector in emerging nations, the need for eco fibers in clothing and textile is anticipated to increase. In terms of both production and sales, Asia is the world's largest manufacturing region for textiles and fabrics.

The eco fiber Market is studied for five regions, namely, North America, Asia Pacific, Europe, South America and Middle East & Africa. The Asia Pacific is the fastest-growing market and the largest consumer of ecofibers globally. The growth is led by rapid urbanization and increasing demand for eco fiber from various applications, including textile/clothing, household furnishing, industrial and medical. The textile/clothing industry is the biggest consumers of eco fibers. Growing fashion trends in the youth population and a growing inclination toward online shopping will boost the growth of the fabrics industry, which, in turn, will increase the demand for eco fibers in Asia Pacific. The growing fashion-driven population will likely drive the North American and European markets. Also, the increased demand for EVs and stringent government regulations regarding using sustainable raw materials in several manufacturing applications, including fabrics and household furnishings, will drive the market for eco fibers during the forecast period.