Top Companies in Eco Fibers Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Eco Fibers Market is projected to reach a value of USD 81.0 Billion by 2028 at a CAGR of 8.1% over the forecast period.
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The Global Eco Fibers Market is valued at USD 50.8 Billion in 2021 and is projected to reach a value of USD 81.0 Billion by 2028 at a CAGR of 8.1% over the forecast period. In addition, government laws limiting the excessive use of synthetic and man-made fiber have also encouraged consumers to switch to bio-based and organic fibers, thereby accelerating the development of the eco fiber market.
Eco fiber is a fine, naturally occurring strand or string with a flexible texture. Because of its all-natural and environmentally friendly qualities, this material is frequently used in the textile business. Typically, a wide variety of chemical agents, such as scouring agents, wetting agents, soaping agents, and dyeing agents, are used to make textile-based products. However, the excessive use of these substances has given rise to several worries about environmental contamination and how it affects global warming. As a result, the textile industry's demand for eco-fibers is rising, driving the market's expansion.
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Changing costs for traditional fabrics and the expanding textile industry are two main drivers of the eco fiber market. Major players in this market are also becoming increasingly involved in producing different eco-friendly goods, including organic cotton and bamboo fibers. In turn, this is anticipated to fuel market development for eco fibers. Without herbicides or other chemicals, organic cotton production uses about 70% less water than conventional cotton production. This is yet another vital factor fueling the worldwide market for eco-fibers.
The Eco Fibers market is dominated by globally established players such as Lenzing AG (Austria), Polyfibre Industries (India), Grasim Industries Ltd (India), US Fibers (US), Wellman Advanced Materials (US), Shanghai Tenbro Bamboo Textile Co. Ltd. (China), Foss Performance Materials (US), Pilipinas Ecofiber Corporation (Philippines), Teijin Limited (Japan), David C (US), Poole Company Inc (US), and China Bambro Textile (Group) Co. Ltd. (China), among others. Additionally, due to the fierce rivalry in the market, innovation and extensive marketing strategies are crucial factors for new entrants.
Let’s Look at the Top Companies That are Taking the Eco Fibers Market by Storm
- Lenzing AG (Austria)
Lenzing AG produces raw ingredients for pulp and textile fibers. The textile industry uses fibers mainly to create nonwoven fabrics, technical textiles, furniture textiles, curtains, and towels. The business also manufactures synthetic fibers, paper, films, plastics, and chemicals. It also offers engineering for production plants and other industrial equipment.
- Grasim Industries Ltd (India)
The Aditya Birla group includes the diverse operating business of Grasim Industries Limited. The company produces various goods, such as cement, chemicals, textiles, and viscose staple fiber (VSF).
- Wellman Advanced Materials (US)
Engineered and Wellman Plastics Recycling LLC produces thermoplastic polymers. The company provides virgin and recycled thermoplastic resins for the electronics, consumer goods, lawn and garden, and automotive sectors. Wellman Plastics Recycling also offers nylon, polyester, and polypropylene plastic products.
- Shanghai Tenbro Bamboo Textile Co. Ltd. (China)
In 2002, Shanghai Tenbro Bamboo Textile Co., Ltd. was established. The wholesale selling piece goods or yard goods made of natural or synthetic fibers is one of the company's business activities.
- China Bambro Textile (Group) Co. Ltd. (China)
Bamboo fiber, a novel form of eco-friendly textile material, is the focus of China Bambro Textile Co. Ltd., which fills a gap in the market for textiles made with natural green fibers. Their selection of goods includes bamboo hosiery, bamboo fabrics, bamboo towels, bamboo yarns, bamboo tops, and bamboo filaments.
- Teijin Limited (Japan)
Teijin Limited provides solutions for demographic change and elevated health awareness, safety, security, and environmental value. The company's primary business areas are high-performance fibers, including aramid, carbon fibers and composites, films, resin and plastic manufacturing, polyester fibers, product conversion, and IT.
- Foss Performance Materials (US)
The Foss Company creates non-woven textiles. The business sells eco-friendly goods and nonwoven textiles made from recycled materials. Customers of Foss Manufacturing are located in the US.
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