The global viscose staple fiber market is growing at a CAGR of 5.79 per cent. Viscose staple fibers or artificial cotton fibers are natural and biodegradable. These fibers are obtained from wood pulp and cotton pulp, which share the characteristics of cotton fibers. These are versatile and easily bendable fibers and have a wide range of application in apparels, home textiles, home furnishings, dress materials, and woven and knitwear.

One of the factors driving market growth is the growing demand for apparels and clothing. The rising demand from the textile and apparel, non-woven, and specialty manufacturing sectors has also hugely attributed to the growth of the market. Woven segment dominates the global market with a 80 per cent share. The Asia-Pacific region accounts for 65 per cent market share. Asia-Pacific, the largest market for woven fabrics, is witnessing a healthy growth due to the increasing demand in countries like India and China. Small regions, such as Bangladesh, have witnessed an increase in population and living standards, driving up demand for knitted fabrics. China is the largest producer and consumer of viscose staple fiber in the world. The country accounts for 65 per cent of the total world production of viscose staple fiber.