In recent years, there has been a significant shift towards sustainability and eco-consciousness in various industries, including textiles. The plant-based fiber market size is projected to be worth US$ 294.8 million in 2023 and is expected to reach US$ 678.9 million by 2033. The market is likely to record a significant CAGR of 3.9% during the forecast period.
Plant-based fibers, derived from renewable sources such as plants, trees, and agricultural waste, have become a viable and eco-friendly alternative to traditional synthetic and animal-based fibers.
They offer a range of advantages, including reduced carbon footprint, biodegradability, and lower water and energy consumption during production.
Download our comprehensive PDF sample report today and gain valuable insights into this thriving industry. Download Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-17383
Benefits of Plant-based Fibers:
- Health and Comfort: Plant-based fibers often possess natural properties such as breathability, moisture-wicking, and hypoallergenic qualities, enhancing comfort and promoting healthier living.
- Carbon Footprint Reduction: Plant-based fibers generally require fewer resources and energy, resulting in lower greenhouse gas emissions and a smaller carbon footprint.
- Sustainability: Plant-based fibers are renewable resources, reducing reliance on non-renewable materials and minimizing environmental impact.
- Biodegradability: Unlike synthetic fibers, plant-based fibers are biodegradable, meaning they can naturally decompose at the end of their life cycle, reducing waste accumulation.
Manufacturers and designers are actively exploring innovative ways to enhance the performance and versatility of plant-based fibers, expanding their applications in various industries. Additionally, advancements in technology and processing techniques further contribute to developing new plant-based fibers with enhanced properties.
As consumers become more conscious of their choices, the market for plant-based fibers is expected to flourish, paving the way for a greener and more sustainable future in the textile industry. By embracing plant-based fibers, we can contribute to the preservation of our planet while enjoying high-quality and sustainable textile products.
Key Findings:
- Cotton holds a significant share of 38.4% in the market due to its popularity and versatility.
- The textile industry is the primary end-user, accounting for 47.2% of the plant-based fiber market, driven by the demand for sustainable and eco-friendly fibers.
- North America commands 18.3% of the global market, with a focus on using plant-based fibers as alternatives to synthetic fibers.
- Europe holds a prominent share of 22.5% in the plant-based fiber market and plays a crucial role in driving its growth and development.
- India’s plant-based fiber market is expected to grow at a rate of 6.2% due to favorable policies, rich agricultural resources, and a shift towards sustainable practices in the textile industry.
Competitive Landscape
Lenzing AG, US Fibres, Polyfibre Industries, Grasim Industries Ltd., and Shanghai Tenbro Bamboo Textile Co. Ltd. are the market’s leading players. To obtain a competitive advantage, the organizations profiled have implemented measures such as developing worldwide presence through capacity enhancement, new product launches, and investment.
- Birla Cellulose, one of the leading artificial cellulosic fiber producers, announced a joint patent application with Nanollose in January 2021 for high-tenacity lyocell fiber derived from bacterial cellulose.
- In May 2021, the Lenzing Group constructed and commissioned an air purification and sulfur recycling plant at the Lenzing complex. The corporation spent over US$ 55 million on the technology, eliminating 15,000 tonnes of CO2 emissions.
- June 2020 – Liva, a brand of Birla Cellulose, a subsidiary of Grasim Industries Ltd, has introduced antimicrobial fibers that kill viruses and germs while inhibiting growth, keeping the fabric fresh and sanitary in the long run.
Unlock the secrets of the Plant-based fiber Market! Purchase now and delve into the intricacies of each segment! https://www.futuremarketinsights.com/checkout/17383
Key Segments Covered in the Plant-based Fiber Market Report
By Material:
- Paper & Cardboard
- Bagasse
- Linen
- Hemp
- Corn Starch
- Wheat Straw
- Others (Jute, Bamboo, etc.)
By Packaging Type:
- Boxes & Cartons
- Bags & Pouches
- Films & Wraps
- Tableware
- Containers
By End Use:
- Food and Beverage
- Personal Care and Cosmetics
- Industrial
- Textiles,
- Electronics and Electricals
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
