The global vegetal natural fiber market is poised for substantial growth, with market value expected to rise from USD 12,043 million in 2023 to an impressive USD 25,510 million by 2033. This growth is driven by increasing demand across industries like automotive, construction, and textiles, where these fibers are valued for their eco-friendly, lightweight, and durable properties. With a projected compound annual growth rate (CAGR) of 7.8% over the assessment period, this market expansion reflects a growing preference for sustainable materials as environmental concerns push industries towards greener, renewable alternatives.
Growing demand for sustainable products and eco-friendly textile materials is fueling up the demand for vegetal natural fiber. Similarly, increasing government initiatives for vegetal natural fiber and the awareness of climate change have also played a certain role in accelerating this growth.
Vegetal natural markets are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. This is due to their several properties like high strength, producing lightweight materials, etc. Growing usage of vegetal natural markets in the Geotextile and Technical Textile industries is another key factor expected to boost the target market.
The automotive segment is expected to dominate the global vegetal natural market industry through 2033. It is likely to hold a share of 23.2% in 2023. On the other hand, the Construction and Material segment is set to thrive at a robust CAGR of 7.5% through 2033.
Global Vegetal Natural Fiber Market Trends
- Rising Demand for Eco-Conscious Products: Growing consumer preference for sustainable and eco-friendly products is driving the demand for vegetal natural fibers across industries.
- Diverse Applications in Bio-Based Textiles: These fibers offer a wide range of properties, making them suitable for multiple applications in textiles, from clothing to industrial fabrics.
- Key Role in Construction and Building Materials: Vegetal natural fibers are increasingly used in construction, providing sustainable alternatives for building materials due to their strength, durability, and environmental benefits.
- Automotive Industry’s Shift to Green Solutions: The automotive sector is adopting vegetal natural fibers to reduce carbon footprints, enhancing vehicle sustainability through eco-friendly components and materials.
Drive Sustainability Forward: Explore the Rising Demand for Eco-Friendly Vegetal Natural Fibers!
Competitive Landscape for Vegetal Natural Fiber Market Players
Key players are focusing on the expansion of domestic production and technology areas of vegetal natural markets to provide cost-efficient solutions to consumers. They are also investing in developing new products and further innovation in the existing ones to meet end-user demand.
Recent developments-
- In Feb 2022, Bast Fibre Technologies Inc. completed the acquisition of Lumberton Cellulose from Georgia-Pacific.
- In September 2022, Safilin expanded its operations by opening its third spinning mill in Béthune, France. This new facility is located in the Hauts de France region and will help to meet the growing demand for Safilin’s high-quality linen and hemp yarns.
Top Key Players
- Terre de Lin
- Bast Fibre Technologies Inc.
- Callin
- J. Rettenmaier & Söhne GmbH
- Safilin
- Enkev B.V
- Comlin
- Groupe Depestele
- Wilhelm G. Clasen KG
- Hemp, Inc.
- RoLanka International
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