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Natural Fibers Market Trends, Strategies, And Outlook By 2024-2033
Natural Fibers Market
The Business Research Company presents an extensive market research report on the Natural Fibers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The natural fibers market size has grown strongly in recent years. It will grow from $70.41 billion in 2023 to $74.34 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to cultural heritage and tradition, textile industry evolution, industrial revolution impact, cyclical demand patterns, cotton dominance.
The natural fibers market size is expected to see strong growth in the next few years. It will grow to $93.19 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to supply chain optimization, competitive landscape, innovation in processing, shift in consumer trends, rising research investments. Major trends in the forecast period include sustainability drive, innovation in applications, fashion and design influence, circular economy initiatives, brand sustainability commitments.
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Key Market Players:
Major companies operating in the natural fibers market report are BASF SE, UPM-Kymmene Oyj, Trex Company Inc., Fiberon LLC, Barnhardt Natural Fibers LLC, Polyvlies Franz Beyer GMBH & Co KG, Bcomp Ltd., Procotex SA Corporation NV, Ananas Anam, FlexForm Technologies, Swicofil AG, JELU-WERK J. Ehrler GmbH and Co KG, Tecnaro GmbH, Bast Fiber Technologies Inc., The Natural Fibre Company, Dividan LLC, Oeko-Tex AG, GreenGran BV, The Flax Company SARL, Industrial Hemp Manufacturing LLC, Jaydeep Cotton Fibers Pvt Ltd., Asha Cotton Industries Limited, Vrijesh Natural Fibre & Fabrics Pvt Ltd., Dun Agro Hemp Group, NATURALUS PLUOŠTAS UAB, GreenCore Composites Inc., Meshlin Composites Zrt, BAFA Neu GmbH, Castellins NV, Circular Systems
Market Drivers:
The rising focus on the fuel efficiency of vehicles is expected to propel the growth of the natural fibers market going forward. Fuel efficiency refers to a measurement of how far a car can go on a certain amount of fuel. Natural fibers help fuel-efficient vehicles by reducing the weight of the vehicle to consume less fuel. For instance, in March 2023, according to the International Energy Agency, a France-based autonomous intergovernmental organization, carbon dioxide (CO2) emissions from industrial processes and the burning of energy increased by 0.9% or 321 Mt (Million Tones) in 2022. Therefore, the rising focus on fuel efficiency is driving the natural fiber market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/natural-fibers-global-market-report
The natural fibers market covered in this report is segmented -
1) By Type: Cellulose based natural fiber, Protein based natural fiber
2) By Distribution Channel: Direct/Institutional Sales, Retail Sales, Other Channel Sales
3) By End-Use Industry: Automotive, Textile, Medical, Other End Use
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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