The global eco fiber market size is expected to reach USD 87.72 billion by 2032, according to a new study by Polaris Market Research. The report “Eco Fiber Market Share, Size, Trends, Industry Analysis Report, By Type (Equity-based, Debt-based, and Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in consumer disposable income, stringent regulations imposed by the government encourages the manufacturer of garments to adopt the environment friendly production methods, and rapid increase in the population resulting as high demand of eco fibers in various sectors as it provides several benefits including hypoallergenic, antimicrobial, UV resistant, insulating, highly breathable and absorbent attributes are among the major factors influencing the market growth.
The rapidly rising awareness among people about high-quality advanced fabrics is driving textile/ apparel industry is also expected to create huge growth opportunities for the market. For instance, in January 2023, REGEN Fiber, announced the launch of its new innovative solution to recycle decommissioned wind turbine blades effectively. The primary end products developed with this process is a reinforcement, which helps to increase the product durability and further enhances the strength of concrete & motor applications such as slabs-on-grades & the precast products.
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In the last few decades, several leading market companies have been started utilizing recyclable fiber materials for their products with an aim to improve the sustainability standards, that further enable them to have a closure of resource loop and create opportunities for the adoption of a circular economy at a rapid pace.
The growing popularity and penetration of banana fibers globally that has created fair attention among consumers owing to its various advantageous features including good moisture absorbent, comparatively high tensile strength, and highly breathable that makes it quickly dryable coupled with its high moisture regain capacity as compared to cotton fibers of around 11-15%, are likely to have a positive impact on the growth of the market in the near future.
Eco Fiber market Report Highlights
Polaris Market Research has segmented the eco fiber market report based on type, application, and region:
Eco Fiber, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Eco Fiber, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Eco Fiber, Regional Outlook (Revenue - USD Billion, 2019 - 2032)