Natural Fibers Market to Witness Significant Growth by 2031 | BASF SE, Vardhman Textiles Limited, Grasim Industries Limited.

Natural Fibers Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Natural Fibers market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Natural Fibers market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Natural Fibers Market reached US$ 5.3 billion in 2023 and is expected to reach US$ 9.7 billion by 2031, growing with a CAGR of 7.9% during the forecast period 2024-2031.

What is Natural Fibers Market?

The natural fibers market focuses on fibers derived from plants, animals, and minerals, such as cotton, wool, jute, hemp, and silk. This market is gaining momentum due to increasing consumer awareness of sustainability and the environmental impact of synthetic fibers. Natural fibers are preferred for their biodegradability, comfort, and breathability, making them popular in textiles, clothing, home furnishings, and automotive applications. The rising demand for eco-friendly products and the shift toward sustainable fashion are key drivers of market growth. Innovations in processing and manufacturing techniques are also enhancing the quality and performance of natural fibers, further expanding their market presence.

Growth Driver

Growing Natural Fibers Demand in the Automotive Industry

The market for natural fibers is anticipated to grow in the near future, largely driven by rising demand from the automotive industry. This sector encompasses a diverse array of companies involved in the design, development, production, marketing, and retail of automobiles. According to data from the European Automobile Manufacturers Organization, based in Belgium, global motor vehicle production reached 85.4 million units in 2022, marking a significant 5.7% increase compared to 2021. This growth presents an opportunity for natural fibers, which are increasingly being integrated into vehicle manufacturing for their environmental benefits and lightweight properties.

Key Players:

Profiles of some of the major players in the global Natural Fibers market, which include BASF SE, Vardhman Textiles Limited, Grasim Industries Limited, Flexform Technologies, Bharatiya Natural Fibres, Sanko Textile, Lenzing AG, Procotex, J. Rettenmaier & Söhne GmbH + Co KG and Bast Fibre Technologies Inc.

Industry Development:

On October 31, 2022, Toyoshima & Co., Ltd. formed a strategic business alliance with FOOD REBORN Co., Ltd., a manufacturer known for its natural fibers derived from unused agricultural resources. This collaboration is dedicated to developing innovative natural fiber materials sourced from underutilized agricultural products. Together, they aim to advance sustainability initiatives by creating eco-friendly materials that emphasize environmental stewardship.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Natural Fibers market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Product: Cotton, Wool, Flax, Silk, Jute, Hemp, Sisal, Kenaf, Linen, Leather, Others.

By Type: Plant Based, Animal Based.

By Process Method: Spinning, Weaving, Knitting, Others.

By End-User: Textile, Automotive, Construction, Agriculture, Packaging, Paper & Pulp, Medical, Furniture, Electrical & Electronics, Others.

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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