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Global eco fibers market gaining ground, growing at 12.1 per cent

The global eco fiber market is growing at a CAGR of 12.1 per cent. Expanding textile industry in emerging nations, including India and China, has been a major growth driver. In addition, increasing environmental concerns coupled with volatile prices associated with conventional fabrics has also spurred their adoption in global market.

In the early 1990s, garment manufacturers started developing environmental-friendly products such as bamboo fibers, biodegradable detergents and paper as well as organic cotton, produced from controlled use of chemicals and pesticides; and fertilizers.

Organic cotton farming does not utilize any toxic chemicals and is certified to organic agricultural standards. The production of such fibers uses over 70 per cent less water and 62 per cent less energy compared to conventional fiber production while improving soil quality and having less impact on the air. Additionally it promotes a safe work environment and better livelihoods.

Regenerated eco fibers emerged as the dominant segment in 2016, with over 55 per cent volume share. Asia Pacific is projected to grow at a CAGR of 9.5 per cent from 2017 to 2025. The rising emphasis on sustainable disposal of textile and industrial waste in order to minimize the harm to people and the environment has spurred the demand for regenerated fibers.

 
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