The report “Eco Fibers Market by Type (Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others), by Application (Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) – Global Forecast to 2020”

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The market has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end users, and government organizations. There are no specific raw material suppliers for this market as raw materials are supplied to the manufacturers through a network of farmers, middlemen, and authorized distributors whether it is organic cotton or post-consumer PET wastes.

The Asia-Pacific region, being the largest consumer of eco fibers, is also projected to register a high CAGR of 13.05%, in terms of value between 2015 and 2020. This growth is majorly driven due to increase in eco fibers demand in various application sectors such as textile, fashion, and export industries. These industrial sectors, including, industrial, and household have led to the growth of eco fibers as a substitute of virgin fibers in this region.

Though the market is gaining importance at a fast pace, but few factors act as a bottleneck toward the growth of eco fibers in the global fibers market. The costs associated with the cultivation, processing, and manufacturing of eco fibers is high and maintaining the standards and limits specified by the certified textile associations are difficult to maintain in both procedural and monetary terms.

Lenzing AG (Austria), Grasim Industries Limited (India), Teijin Ltd (Japan), and US Fibers (U.S.) are the dominant market players in the global market. Diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are a few factors that are responsible for strengthening the market position of these companies in the market. They have been adopting various organic and inorganic growth strategies such as expansions, merger & acquisitions, new product launches & product development to enhance the current market scenario of eco fibers. This is expected to help the eco fibers market evolve in further applications which would in turn help them to expand their global reach.