Bio-based Fibre Market Forecasts, Market Trends and Impact Analysis (2024 - 2031)
The "Bio-based Fibre Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Bio-based Fibre market is expected to grow annually by 11.3% (CAGR 2024 - 2031).
This entire report is of 165 pages.
Bio-based Fibre Introduction and its Market Analysis
The global bio-based fibre market is projected to experience significant growth due to the increasing demand for sustainable and eco-friendly materials in various industries. Bio-based fibres are derived from renewable resources such as plant-based materials or agricultural by-products. Major factors driving revenue growth include the growing awareness of environmental issues, government regulations promoting sustainable products, and the increasing preference for natural fibres by consumers. Key players operating in the market include Lenzing AG, Aditya Birla Group, and Smartfiber AG. The report recommends companies to focus on product innovation, expand their product portfolios, and capitalize on the growing demand for bio-based fibres.
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The global bio-based fiber market is experiencing significant growth, with key players focusing on plant fiber and animal fiber segments. The market is segmented into textile and apparel, home textile, industrial applications, and others. Regulatory and legal factors play a critical role in shaping market conditions, with governments implementing policies to promote sustainable practices and reduce environmental impact. Companies in the bio-based fiber industry must comply with regulations related to sourcing, production, and labeling to meet consumer expectations for eco-friendly products. As consumer demand for sustainable materials grows, the bio-based fiber market is expected to continue expanding, driven by advancements in technology and a shift towards more environmentally friendly alternatives in various industries. Overall, the future of bio-based fibers looks promising, with opportunities for innovation and growth in response to evolving market conditions.
Top Featured Companies Dominating the Global Bio-based Fibre Market
The bio-based fibre market is highly competitive with key players such as Lenzing AG, Acegreen Eco-Material Technology, Aditya Birla Group, Baoding Swan Fiber, Nien Foun Fiber, Chonbang, Weiqiao Textile Company Limited, Zhejiang Yaojiang Industrial Group, China Populus Textile, Great Duksan, Qingdao Textiles Group Fiber Technology, Smartfiber AG, and Acelon Chemicals and Fiber Corporation.
These companies operate in various segments of the bio-based fibre market, including eco-friendly textiles, sustainable fashion, and biodegradable materials. They utilize bio-based fibres sourced from renewable resources such as bamboo, sugarcane, soy, and wood pulp to manufacture products that are environmentally friendly and have a lower carbon footprint compared to traditional synthetic fibres.
By investing in research and development, sustainable sourcing practices, and innovative production techniques, these companies are helping to grow the bio-based fibre market. They are working towards creating more sustainable products that meet the increasing demand for eco-friendly alternatives in the textile industry.
According to available data, Lenzing AG reported sales revenue of approximately € billion in 2020, Aditya Birla Group reported sales revenue of approximately $45 billion in 2020, and Acelon Chemicals and Fiber Corporation reported sales revenue of approximately $127 million in 2020.
Overall, these companies are driving innovation and sustainability in the textile industry by offering bio-based fibres that not only meet consumer demand for eco-friendly products but also contribute to reducing the environmental impact of textile manufacturing. With the increasing awareness and focus on sustainability, the bio-based fibre market is expected to continue growing in the coming years.
- Lenzing AG
- Acegreen Eco-Material Technology
- Aditya Birla Group
- Baoding Swan Fiber
- Nien Foun Fiber
- Chonbang
- Weiqiao Textile Company Limited
- Zhejiang Yaojiang Industrial Group
- China Populus Textile
- Great Duksan
- Qingdao Textiles Group Fiber Technology
- Smartfiber AG
- Acelon Chemicals and Fiber Corporation
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Bio-based Fibre Market Analysis, by Type:
- Plant Fiber
- Animal Fiber
Plant fibers, such as cotton, hemp, and flax, are derived from plants and have properties like breathability and softness, making them ideal for clothing and textiles. Animal fibers, like wool and silk, are sourced from animals and offer warmth and comfort. Both types of bio-based fibers are sustainable and environmentally friendly, driving the demand for eco-friendly products in the textile industry. Plant fibers are also biodegradable, further appealing to environmentally conscious consumers. The versatility and eco-friendly nature of plant and animal fibers are boosting the demand for bio-based fibers in the market.
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Bio-based Fibre Market Analysis, by Application:
- Textile and Apparel
- Home Textile
- Industrial Application
- Others
Bio-based fibre is utilized in various applications including textile and apparel, home textile, industrial applications, and others. In textile and apparel, bio-based fibre is used to create sustainable clothing and accessories. In home textiles, it is used for the production of eco-friendly beddings, towels, and curtains. In industrial applications, bio-based fibre is utilized for textile reinforcement in composites and filtration materials. The fastest growing application segment in terms of revenue is textile and apparel, as consumers are increasingly demanding environmentally-friendly and sustainable products.
In these applications, bio-based fibre is derived from natural sources such as bamboo, cotton, hemp, soy, and wood pulp. These fibres are processed and spun into yarns which are then woven or knitted into various textiles. The properties of bio-based fibres make them ideal for use in clothing, home textiles, and industrial applications due to their comfort, durability, and environmental benefits.
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Bio-based Fibre Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The bio-based fibre market is experiencing significant growth in various regions. In North America, the United States and Canada are leading the market with a focus on sustainable and eco-friendly products. In Europe, Germany, France, the ., Italy, and Russia are driving market growth with increasing demand for bio-based materials. In Asia-Pacific, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are emerging as key players in the market. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also showing promising growth. In the Middle East & Africa, countries like Turkey, Saudi Arabia, UAE, and Korea are actively adopting bio-based fibres.
In terms of market dominance and share, Asia-Pacific is expected to lead the bio-based fibre market with a significant market share percentage valuation. The region's booming textile and apparel industry, coupled with growing environmental concerns, are driving the demand for sustainable fibres. Europe is also anticipated to hold a substantial market share due to stringent regulations promoting eco-friendly materials. North America is projected to witness steady growth in the bio-based fibre market, supported by increasing consumer awareness and preference for sustainable products. Latin America and the Middle East & Africa are expected to contribute to the market growth with the adoption of bio-based fibres in various end-use industries.
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