Global Eco Fibers Market: Overview
Eco fibers are manufactured from naturally occurring materials such as jute, organic cotton, and hemp. It is also produced from synthetic materials such as polypropylene and polyethylene, which are recycled and converted into eco fibers. Environmental degradation is one of the major issues before the world. Increasing urbanization causes landfill wastes. The term recycling has emerged in order to minimize the pollution. In this process, waste materials are recycled to use them again. Nowadays, plastic, metal, and glass waste are recycled in various industries. For instance, Lenzing, a leading producer of man-made fibers, is launching a new Tencel fiber made from cotton waste fabrics to help drive circular economy solutions in the textile industry.
Global Eco Fibers Market: Growth Factors
Growing concerns regarding environmental conservation and sustainability are anticipated to drive the global eco fibers market in future. The increasing use of eco fibers in industrial application and rising disposal income are expected to propel the market growth. Recycled polyester, recycled nylon, organic cotton, and viscose eco fibers are mainly used in industrial applications; this, in turn, is anticipated to augment the global market growth.
Global Eco Fibers Market: Segmentation
The eco fibers market is segmented on the basis of types as regenerated fibers, organic fibers, recycled fibers, and others. Of these, organic fibers segment is the dominating segment in the eco fibers market. Based on application segment, the global market is bifurcated as medical, textile, household & furnishings, industrial, and others. Industrial applications use eco fibers for manufacturing solar panels, ropes, fire-resistant clothing, labels, shoes, automotive parts, and others. In chemical industries, latter is in the form of dissolving pulp used for manufacturing cellulose acetate, cellulose nitrate, cellulose esters, and viscose.
Global Eco Fibers Market: Regional Analysis
Asia Pacific is one of the leading segments in the eco fibers market owing to exponential growth in industrial applications. In addition, increasing consumption of the eco fibers is anticipated to boost the global market. Moreover, increasing production capacity and cheap labor costs are expected to fuel market growth in the near future. Whereas, China accounted for the largest market chunk and is expected to witness further growth in the market. Eco fibers are heavily preferred in China due to their longevity and strength, which is expected to positively impact the global eco fibers market. India is also a favorable market for eco fibers owing to increasing industrial network this area. Furthermore, growing export business in Argentina, the U.S., Peru, and Brazil will also spur the global market in the coming years.
Global Eco Fibers Market: Competitive Players
Some of the key players in the global eco fiber market are Shanghai Tenure Bamboo Textile Co., David C. Poole Company, Inc., Polyfibre Industries Pvt Ltd., Foss Manufacturing Company, Grasim Industries Limited, and Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd. Others major players influencing the global market are Lenzing AG, US Fibers, Ltd., Teijin Limited, and Wellman Plastics Recycling, LLC.
Global Eco Fibers Market: Regional Segment Analysis
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