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Allied Market Research

Green Fibers Market by Type (Organic Fibbers and Regenerated Fibbers), Application (Motor Vehicles, Building Materials, Furniture, Insulating Materials and Others) and Industry Vertical (Textile Industry, Chemical, Pharmaceutical, Medical and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A11772
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Aug 2021 | 158 Views
   
Author(s) : Eswara Prasad
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Green fibers have been used by humans for generations in a number of applications. Green fibers are also known as green fibres or organic fibres since they come from natural sources, such as plants and animals. They're also known as eco-fibres because of their environmentally friendly nature; they degrade quickly, can be recycled easily, and have a low environmental impact. Cotton plants, hemp, jute, flax, bamboo, and other plants are common sources of green fibres. Other popular green fibres, such as silk, wool, cashmere, mohair, and qiviut, are sourced from animal sources. Green fibres are commonly made using recycled synthetic materials such as polyethylene, polypropylene, and polyester, in addition to natural sources. The textile sector is the primary driver of the global green fibres market. Because of advancements in the field of synthetic fibre, the textile industry has seen a dramatic transformation. The focus on growing synthetic fibre production has resulted in a significant market share.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2019–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Application, Industry Vertical, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Lenzing AG, US Fibers, Polyfibre Industries, Grasim Industries Ltd., Wellman Advanced Materials, Shanghai Tenbro Bamboo Textile Co.Ltd., China Bambro Textile (Group) Co., Ltd., Pilipinas Ecofiber Corporation, Teijin Limited, David C. Poole Company, Inc., Foss Performance Materials

 

COVID-19 Impact analysis

  • COVID-19 sickness began to spread over the world, infecting millions of people globally, prompting major countries throughout the world to impose foot prohibitions and work stoppage orders. Most businesses, with the exception of medical supplies and life support products, have been severely hit, and Green Fibers industries have also been severely damaged.
  • During the COVID-19 epidemic, many countries imposed trade restrictions on imports and exports due to safety issues which had a negative impact on the Green Fibers Market.
  • As the global economy continues to decline, COVID-19 has had an influence on consumer spending in a variety of sectors. The global pandemic's far-reaching consequences are affecting fibre end markets like as apparel, home textiles, automobiles, and more.

Top Impacting Factors

Growing fears about the harmful effects of synthetic fibres on the environment are expected to boost the market's growth. Designer clothes and clothing are increasingly using eco fibres. Technological breakthroughs in the creation of antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable, and absorbent eco fibre textiles are predicted to increase their importance in the textile market. Because textile companies in the U.S. are focusing on building effective work processes, reorganizing their businesses, and investing in specialty products and markets, the market in the U.S. is predicted to increase significantly. This, in turn, has shown to be beneficial to the industry's growth. Factors driving the textile business around the world include the fast-developing online fashion sector, rising disposable income, and the development of high-quality novel textiles. Local garment producers have been urged to use greener raw materials and environmentally friendly processes as a result of the government's strict environmental rules. Rapidly rising cost of organic cotton and other eco-friendly alternatives have had a negative impact on market growth. High fertiliser costs, expensive organic production equipment, and frequent crop failures owing to meteorological abnormalities are all issues that have contributed to a significant drop in demand for eco fibre goods.

Market Trends

  • ABCIL (Aditya Birla Chemicals Limited) and Grasim Industries Limited combined. The Aditya Birla Group's chlor-alkali business was integrated into Grasim, which reinforced the company's existing portfolio of viscose staple fibre, caustic soda, and associated chemicals.
  • Grasim Industries has gotten approval to increase its viscose staple fibre manufacturing in Bharuch, Gujarat. In India, the company operates four viscose staple fibre (VSF) mills. The company's Grasim cellulosic division aims to expand its Vilayat factory, according to the proposal.
  • Renegade Materials Corporation (Renegade), a prominent North American supplier of extremely heat-resistant thermoset prepreg for the aerospace sector, has been acquired by Teijin Limited. Teijin will take over Renegade as a wholly-owned subsidiary. Teijin Holdings USA Inc has purchased Renegade's stock.

Key Segments Covered

Type

  • Organic Fibers
  • Regenerated Fibers

Application

  • Motor Vehicles
  • Building Materials
  • Furniture
  • Insulating Materials
  •  Others

Industry Vertical

  • Chemical & Petrochemical
  • Food & Beverage
  • Healthcare
  • Life Sciences
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the Green Fibbers 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 Green Fibbers market share.
  • The current market is quantitatively analysed from 2020 to 2028 to highlight the Green Fibbers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Green Fibbers market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Green Fibbers Report

  • Who are the leading market players active in the Green Fibbers market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific FAQs Examples: Can be utilized randomly 4-5 FAQs per RD OR other from own suggestions, suitable for upcoming report.
      • What is " Green Fibbers"?
      • what does " Green Fibbers" allow organizations to achieve?
      • which technologies combine to make " Green Fibbers" a critical organizational asset?
      • What is " Green Fibbers" Market prediction in the future?
      • Who are the leading global players in the " Green Fibbers" Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the " Green Fibbers" Market?
 
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