Press release
Eco Fibers Ingredients Market Rising at 11.4% CAGR to 2023: Top Key Players are Lenzing AG, US Fibers, Polyfibre Industries Pvt Ltd, Grasim Industries Ltd, Wellman Advanced Materials, Teijin Limited, Pilipinas Ecofiber Corporation
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Eco fibers are created from either natural materials like organic cotton, hemp, jute, or synthetic materials like polyethylene, polyester, or polypropylene which are recycled to change them into eco fibers.
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The major factors propelling for the market are quickly expanding textiles industry in developing nations, including India and China. Growing environmental awareness along with volatile prices associated with conventional fabrics has also fuelled the eco fibers market.
Eco Fibers Ingredients market Forecast Report (2018-2023)
Eco Fibers Ingredients market was worth USD 59.94 billion in 2018 and estimated to be growing at a CAGR of 11.4%, to reach USD 102.84 billion by 2023.
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Eco Fibers Ingredients market Segmentation
The Global Eco Fibers Ingredients market is segmented on the basis of Type into Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others. Based on Application, the market is segmented into Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others.
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Eco Fibers Ingredients market was dominated by Asia Pacific region, with the largest market share globally, followed by Global and North America, respectively.
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Major Players:
The major companies dominating this market for its products and services are
• Lenzing AG,
• US Fibers,
• Polyfibre Industries Pvt Ltd,
• Grasim Industries Ltd.,
• Wellman Advanced Materials,
• Teijin Limited,
• Pilipinas Ecofiber Corporation,
• China Bambro Textile (Group) Co., Ltd.
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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
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