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Eco fibers are made from renewable materials, such as jute, organic cotton, and hemp. This is also made from synthetic materials such as polypropylene and polyethylene that are recycled and converted to eco-fibers. One of the biggest issues facing the planet is environmental destruction. Increasing urbanization is creating pollution from landfills. To mitigate waste the word recycling has arisen. Waste materials are recycled to be used again in this process. Plastic, metal and glass waste is now being recycled in various sectors. For example, Lenzing, a leading producer of man-made fibers, is introducing a new Tencel fiber made from cotton waste fabrics to help accelerate alternatives for the textile industry in a circular economy.
Favorable regulations for the expansion of bio-based products along with stringent environmental controls on synthetic polymers are projected to have a positive influence on the development of the market for eco-fibers. Governments of various countries are taking initiatives to increase the use of bio-based products and thus is driving the market for eco-fibers.
Key Market Driver -
Favorable regulations for manufacturing bio-based products expected to have a positive impact on the growth of eco fibers market
Key Market Restraint -
High maintenance cost restrain the growth of the market
However, The costs involved with the production, manufacturing and development of eco-fibers are high, and it is difficult to uphold the requirements and limits laid down by the accredited textile associations in both operational and monetary terms.
Based on type, the market for eco-fibre is further segmented into organic, manmade/regenerated,recycled and natural. Based on application, the market is segmented into textiles/apparel, industrial, medical,household & furnishing and other.From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global eco-fibre market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the eco fibre Market includes Enkev Bv, Envirotextiles, Flexform Technologies, Foss Manufacturing, Greenfibres, Hayleys Fibers, Aditya Birla Management, Aquafi, Bcomp, Ecological Fibers Inc., Ecofibre, and others.
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The eco-fibre market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-Pacific region dominates the eco-fibre market in terms of both consumption and production. The eco-fibre market is anticipated to witness an increasing demand from India, China, and other countries of the Asia Pacific region. The augmentation of the fast-growing textile industry and the rising popularity of renewable textile fibers like, bamboo ,flax, hemp, organic cotton ,jute, sisal and abaca are boosting the global eco-fibre market. North America has witnessed significant growth in the market owing to demand for advanced antimicrobial, antistatic, and antibacterial treated materials. Additionally, it is expected that the ageing population and struggles to produce superior sports apparel would boost business growth. The market for silk fabrics for use in household and fashion & textile applications is expected to provide considerable scope over the projected timeframe for the industry growth of eco fiber in Europe. Strict policy on product quality and distribution of synthetic fabrics implemented is expected to improve the growth rate of renewable fibers across the country. Latin America shows moderate growth and this rise can be due to the harm to the environment done by synthetic fibers and environmental consciousness, which are key factors driving this sector.
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