The global market for eco fibers will grow at a CAGR of 14.1% between now and 2026, according to new research from Research and Markets. Growth of the market will be driven not only by increasing awareness of environmental sustainability but also by a rise in disposable income and increasing demand from emerging economies. However, high cost and availability of low-cost substitutes and developing low-cost production techniques are hampering the market share.
Eco fibers are fibers which do not require any pesticides or chemicals to grow. They are naturally resistant to mold and mildew. These fibers are obtained from animal skin (protein fiber) and plants (Cellulose). The regenerated fibers are also called manmade fibers. They are made artificially by using the building blocks provided by nature. The different types of eco fibers include bamboo, hemp, soy and recycled/upcycled materials.
The medical segment holds the biggest market share as due to the rapidly expanding healthcare industry as well as to the growing awareness regarding hospital-related diseases.
The Asia Pacific region provides potential growth opportunities by rapid industrialization and favorable government policies regarding textile trade activities are positively influencing the industry growth. Furthermore, increasing population coupled rising living standards have also spurred the high quality, and sustainable garments demand across the region.
Some of the key players in the eco fibers market include Aditya Birla & Group, David C. Poole Company Inc, Eco Fibers, Foss Manufacturing Company LLC, Grasim Industries Limited, J.Korin, Lenzing AG, Polyfibre Industries, Shanghai Tenbro Bamboo Textile Co., Tangshan Sanyou Group, Xingda Chemical Fibre Co., Teijin Limited, US Fibers, and Wellman Plastics Recycling LLC.
The apparel industry is increasingly being scrutinized for its sustainability (or lack thereof), from raw materials use through manufacturing all the way to retail. Companies using sustainable fibers in their clothing include Levi’s, Adidas and The North Face.
Interested in learning more about the business case for sustainable apparel? Join us at the 4th Annual Environmental Leader & Energy Manager Conference, taking place May 13 – 15, 2019, in Denver. Learn more here.