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Allied Market Research

Coir Market by Type (Brown Fiber, White Fiber, Buffering Coir, and Bristle Coir), Application (Matting, Netting, Upholstery-mattresses, Agriculture, Insulation, Erosion Control, and Others), Source (Organicand Conventional), and Industry Vertical (Packaging, Bedding & Flooring, Agricultural, Automobile, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09864
Pages: NA
Aug 2021 | 458 Views
 
Author(s) : NA
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COVID-19

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The global coir market is experiencing a significant growth, and is anticipated to grow considerably in next few years. Asia-Pacific countries such as India, Sri Lanka, and Indonesia are the largest producers and exporter of coir. Coir is a stiff, coarse natural fiber, flexible natural yarn, which is obtained from outer shell of coconut by soaking the outer husk and then separating and cleaning the husk. Coir is usually found in brown color is sign of matured coconut coir, whereas white coir is sign of immature coconut husk and green coir is finer and softer. Coconut coir is rot-resistant and durable, which make it ideal for using in outdoor mats, ropes, brushes, rugs, bags, and other household products. In addition, coir is used as potting mix to provide the soil with rich organic matter. Innovation in the industry is related to shift from hand-operated looms to use of automated machines having efficient production capabilities.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast unit

Value ($USD)

Segments covered

Type, Application, Source, and Industry Vertical, and Region

Regions covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), and LAMEA (Middle East, Brazil, and Rest of LAMEA)

Companies covered

Geewin Exim, Sai Cocopeat Export Private Limited, MS Exporters, Allwin Coir, Benlion Coir Industries, Travancore Cocotuft, Kumaran Coir, and Classic Coir

COVID-19 scenario analysis

  • The effect of the pandemic has majorly hit the coir industry, as the manufacturers are unable to export the products to other countries.
  • There has been the cancellation of previous orders and the manufacturers are effacing issues with payment as the demand has reduced.
  • The market will grow steadily once the restrictions will be lifted and the market demand will be stable. 

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The use of coir in the food & beverage industry for insulation of cold storage to preserve food, agriculture industry for farming &gardening, upholstery industry, carpentry industry for furniture, and fishing industry increased the demand for coir products. In addition, use of coir to prevent soil erosion during heavy rains &landslides, awareness among consumers regarding bio-degradable &eco-friendly products, and the use of coir in mattresses & furniture in substitute of rubber foam are the driving factors of global coir market. Moreover, the government of coir producing countries has taken the necessary steps to promote the coir industry and has invested heavily in the growth and development, which has attracted new players. However, low-cost foams available in the market, the use of other natural fibers, and the use of plastic products instead of coir are the constraints of the market.

The global coir market trends are as follows:

New product launches to flourish the market

The market leaders have continuously invested in developing new and advanced uses of coir. The current innovations in the industry are related to the use of coir to manufacture high-quality wood, MDF boards, and plywood that are more sustainable.

Such sustained intervention in the global coir industry is anticipated to increase the demand for coir-based plywood, which will increase the market size. The coir ply exhibitsall the properties of traditional ply and has added strength by use of coir fibers which has a high degree of surface abrasion resistance and can resist varying temperatures. 

Surge in usage in hydroponic gardening

Rise in hydroponic farming using less soil, water, and other resources has hit the agriculture industry, as the production of fruits and vegetables is high using less area for farming, yielding high profits for the farmers. Coir has a high cation exchange rate so it retains the storage of nutrients and release when required and the coir promoted the growth of bacteria and other compounds necessary for the growth of plants. The hydroponic farms have a high demand for coir-peat, coco-peat, coir fiber pith, coir dust for adequate water retention during farming, and the low-decomposition rate of coir.

Key segments covered

Segment

Subsegment

Type

  • Brown Fiber
  • White Fiber
  • Buffering Coir
  • Bristle Coir

Application

  • Matting
  • Netting
  • Upholstery Mattresses
  • Agriculture
  • Insulation
  • Erosion Control
  • Others

Source

  • Organic
  • Conventional

Industry Vertical

  • Packaging
  • Bedding & Flooring
  • Agricultural
  • Automobile
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global coir industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global coir market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Coir market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global coir market research report:

  • Which are the leading players active in the global coir market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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