Natural Fibers Market Analysis 2020-2027

Natural fibers are long, thin and flexible thread-like structures that are obtained from plants, animals, or mineral sources. These fibers are spun into yarns and then made into fabrics for various purposes. Fibers are classified as natural and synthetic based on their origin (plants and animal or made from chemical compounds). Some common natural fibers extracted from plants include cotton, bamboo, sisal, and jute. Fibers such as wool, silk, and angora are extracted from animals. Natural fibers have several advantages such as low weight, cost effective, high specific stiffness, and strength. In addition, these fibers have other beneficial properties such as thermal insulation, reduced skin irritation, biodegradable (can be broken down by bacteria once they are no longer in use), offers better surface finish to molded composite parts, and are readily available from natural sources. Due to these advantages, the utilization of natural fibers has observed a significant growth in various industrial and commercial applications such as building materials, composite parts and interiors of automobiles, particle boards, panels for partition and false ceiling, insulation boards, cosmetics, medicine, and composites.

Market scope and structure analysis:

COVID-19 scenario analysis:

• The global market for natural fibers is severely impacted by the outbreak of the COVID-19 pandemic. 
• The COVID-19 pandemic led to a decline in the economic growth in almost all major countries, thus affecting consumer spending patterns. 
• Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
• Thus, insufficiency in raw material supply is expected to hamper the production rate of natural fibers, which negatively impact the market growth. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The natural fibers market is driven by rising importance of fibers in different industries and boosting the market. Natural fibers act as a substitute for synthetic fiber composites and offer best properties, for example, biodegradability and abrasion resistance, which builds their demand and it helps to reduce production cost. Government rules regarding utilization of eco-friendly products, recyclability, consumer preference, and awareness regarding environmental protection. The natural fibers industry faces extreme rivalry from synthetic fibers division because of its high penetration across different end-use enterprises, for example, car, material, and clinical and this hampers the growth of natural fibers.

New Product launch to boost the market

Bcomp launched a new natural fiber texture known as powerRibs textures. According to Bcomp the innovation permits designing thin-walled composite parts with a flexural solidness for every weight proportion comparable to pure carbon composite part, however with a damping performance increases by 250%. The powerRibs innovation is claimed to be appropriate for composite shell components with high solidness and damping prerequisites, allowing its utilization in a wide variety of uses in the composite business, such as inside semi-structural parts with unique look, to basic outside shell components. The automotive, aviation and aerospace and sports markets have indicated interest for the new launch, says the organization.

Surge in usage in packaging applications

The textile industry led the global market with its widespread product usage in apparels and several household products. Due to premium features such as cost effective, better thermal insulation and low weight boost its demand in textile industry. Beside this the demand for jute fibers is also contributing for its lucrative growth in high demand from the textile products manufacturing industry wherein it is used widely in curtains mats, rugs, and other household goods.

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global natural fibers market 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 natural fibers market.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global natural fibers market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global natural fibers market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the natural fibers market research report:

• Which are the leading market players active in the natural fibers market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the natural fibers market?
• What are the projections for the future that would help in taking further strategic steps?