Press release
Coir Market - Global Upcoming Trends, Growth Drivers, Opportunities and Challenges
India and Sri Lanka are the top two coir producing countries in the world. According to the Coir Board of India, both countries hold 90% of the global coir fiber production share. Other South Asian countries such as the Philippines, Thailand, and Vietnam are also involved in manufacturing and exporting coir products, but not on a large scale. As coir products became beneficial for various industries, more countries are entering the coir business. India is the biggest exporter of coir products, whereas, Sri Lanka is the biggest exporter of coir fibers. Growth in these two countries is influencing other countries to expand the coir business in their region as well.To remain 'ahead' of your competitors, request for a Sample@https://www.persistencemarketresearch.com/samples/21295
The global coir market has witnessed substantial growth over the past few years, and this trend is expected to continue through the course of the forecast period from 2020 to 2030. The global coir market is estimated to rise at a steady CAGR of 4.4% during the forecast period.
Key Takeaways from Coir Market Study
By end use, coir pith is a prominent segment in the coir market. Rising adoption of hydroponics, used as an eco-friendly substitute for peat moss, and better nutritional content, are supporting the growing demand for coir pith in the coir market.
Grow bags and coir block form of coir is projected to have a higher utilization rate as compared to other forms; major contributing factor is the growing use of grow bags & open top and coir blocks in the hydroponics platform.
By source, brown coconuts are dominating the global coir market with the highest market value share, attributable to the easier processing and higher usability of brown coconuts as compared to green coconuts.
The widespread coronavirus disease is a setback for every market, including the coir market space. The use of coir products would be reduced for some time until this global pandemic comes under control.
Covid-19 has severely impacted the coir industry due to a slowdown in exports, cancellation of orders, and even closure of manufacturing units. The level of impact is not measurable, as economies worldwide are planning on opening up their businesses, which will lead to market recovery in the last two quarters of 2020.
For critical insights on this market, request for customization here@https://www.persistencemarketresearch.com/request-customization/21295
Coir Market: Competitive Landscape
The coir market is consolidated in nature. Key players operating in the coir market are adapting their market strategies to benefit the most from prevailing market trends. Leading manufacturers are adopting strategies such as penetrating the hydroponics industry and strengthening their supply-chain with a focus on increasing production capacity. Additionally, manufacturers are aiming to cater to the rising number of eco-friendly consumers to gain a competitive advantage.
For in-depth competitive analysis, buy now@https://www.persistencemarketresearch.com/checkout/21295
Read More Trending "PMR Exclusive Article"
Global Market Study on Herbicide Safeners: https://www.persistencemarketresearch.com/market-research/herbicide-safener-market.asp
Global Market Study on Dehydrated Vegetables: https://www.persistencemarketresearch.com/market-research/dehydrated-Vegetables-market.asp
Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Coir Market - Global Upcoming Trends, Growth Drivers, Opportunities and Challenges here
News-ID: 2677315 • Views: …
More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…

Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…

US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…

Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…