The Eco Fibers Market Is Predicted To Reach USD 82.87 Million With A CAGR Of 11.4% According To Market Data Forecast Report”

The Eco Fibers Market Is Predicted To Reach USD 82.87 Million With A CAGR Of 11.4% According To Market Data Forecast Report”

ID: 7244 | October 2018 | Region: Global

The Eco Fibers Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Eco Fibers Market is estimated to be USD 48.3 million in 2016 and predicted to rise to USD 82.87 million by 2021 with a CAGR of 11.4%. The market is segmented by Type (Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others), and Application (Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.[CI1]

The major factors propelling for the market are quickly expanding textiles industry in developing nations, including India and China. Growing environmental awareness along with volatile prices associated with conventional fabrics has also fuelled the market for eco fibers.

Clothing or textile is the biggest segment based on application for the eco fibers market. Eco fibers are the most popular kind of fibers used in the clothing and clothes industry for features similar to non-organic fibers.

On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Middle-east and Africa and Latin America. The Global Eco Fibers Ingredients market was dominated by Asia Pacific region, with the largest market share globally, followed by Europe and North America, respectively.

Some of the major companies dominating the market, by their products are Lenzing AG, US Fibers, Polyfibre Industries Pvt Ltd, Grasim Industries Ltd., Wellman Advanced Materials, Teijin Limited, Pilipinas Ecofiber Corporation and China Bambro Textile (Group) Co., Ltd.

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