2024 Global Natural Fibers Market Size, Share, Trends And Growth Analysis Report | BASF SE, UPM-Kymmene Oyj, Trex Company Inc., Fiberon LLC, Barnhardt Natural Fibers LLC

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Natural Fibers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $93.19 billion In 2028 At A CAGR Of 5.8% :

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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Natural Fibers Market Major Segments
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

Key Driver - The Impact Of Natural Fibers On Fuel Efficiency In The Automotive Industry

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.

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Prominent Trend - Innovative Advancements In Natural Fibers Market Through Sustainable Solutions And Technological Breakthroughs

Product innovations are the key trend gaining popularity in the natural fibers market. Major companies operating in the natural fibers market are developing new products with advanced technological processes to sustain their position in the natural fibers market. For instance, in June 2021, Lenzing AG, an Austria-based company specializing in the production of wood-based cellulose fibers launched hydrophobic lyocell fibers with dry technology. The fibers are hydrophobic and have liquid-controlling qualities which makes them perfect for use in items such as adult incontinence products, feminine hygiene products, and diapers. For the personal care and hygiene sector, the VEOCEL-branded lyocell fibers with dry technology offer a sustainable substitute for materials derived from fossil fuels. The lyocell fibers are intended to provide exceptional comfort, softness, and dryness in personal care and hygiene goods.

Natural Fibers 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

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the natural fibers market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the natural fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Natural Fibers Market Report Structure
3. Natural Fibers Market Trends And Strategies
4. Natural Fibers Market - Macro Economic Scenario
5. Natural Fibers Market Size And Growth
…..
27. Natural Fibers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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