Eco Fibers Market Expected to Reach $108.6 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Eco Fibers Market," The eco fibers market size was valued at $52.8 billion in 2022, and is estimated to reach $108.6 billion by 2032, growing at a CAGR of 7.5% from 2023 to 2032.

Eco fibers are typically sourced from renewable or recycled materials, such as organic plants, recycled plastic bottles, or textile waste. The production processes involved in creating eco fibers prioritize resource conservation, waste reduction, and reduced chemical usage. These fibers aim to promote a more sustainable and responsible approach to the textile industry. The characteristics and properties of eco fibers can vary depending on the specific material and production method. Some common types of eco fibers include organic cotton, hemp, bamboo, Tencel (Lyocell), recycled polyester, and regenerated cellulosic fibers such as Modal or viscose.

Furthermore, eco fibers offer several benefits over conventional fibers, including reduced carbon footprint, lower water consumption, improved soil and water quality, decreased reliance on non-renewable resources, and decreased waste generation. They are often considered more environmentally friendly alternatives in various industries, including fashion, home textiles, and personal care.

The textile industry is experiencing a growing demand for eco fibers as consumers, brands, and manufacturers increasingly prioritize sustainability and environmentally friendly practices. Consumers are becoming more conscious of the environmental impact of the products they purchase, including textiles. There is a growing demand for sustainable and eco-friendly clothing options. Eco fibers, which are derived from renewable or recycled materials and produced using sustainable practices, resonate with environmentally conscious consumers.

The sustainable fashion movement is gaining momentum, with a focus on reducing the environmental and social impact of the fashion industry. Brands and designers are incorporating eco fibers into their collections to meet the demand for sustainable and ethical fashion. Besides, governments and industry organizations are implementing regulations and standards to promote sustainable practices in the textile industry. These regulations may include restrictions on harmful chemicals, requirements for sustainable sourcing and production, or labeling standards for eco-friendly products. 

Furthermore, brands are recognizing the importance of sustainability in building a positive reputation and meeting consumer expectations. Many companies have adopted sustainability goals and initiatives, including the use of eco fibers in their supply chains. Also, the availability and accessibility of eco fibers have improved in recent years. More suppliers and manufacturers are offering eco fiber options, making them readily available to textile industry players. However, the availability of cheaper substitutes such as synthetic fibers is likely to act as a major restraint for eco fibers market growth. 

Nevertheless, innovation and technological advancement is expected to offer lucrative eco fibers market growth opportunities in coming years. Innovations in processing and manufacturing techniques are reducing the environmental impact of eco fiber production. This includes the use of eco-friendly solvents and chemicals, water-saving processes, and energy-efficient machinery. Sustainable processing methods help minimize resource consumption and waste generation during fiber production. Besides, nanotechnology is being applied to eco fibers to enhance their performance properties. Nanoscale materials and coatings are incorporated into eco fibers to improve their strength, water repellency, UV resistance, and antimicrobial properties. Nanotechnology advancements allow for the development of eco fibers with enhanced functionality and durability.

Moreover, advancements in recycling and upcycling technologies enable the production of eco fibers from post-consumer and industrial waste. Recycling processes are used to convert materials like plastic bottles or textile waste into recycled eco fibers. Upcycling techniques transform discarded materials into new fibers with improved properties. In addition, biofabrication techniques involve growing fibers using living organisms or cells, such as bacteria or algae. This enables the production of eco fibers with specific properties and structures, reducing the need for resource-intensive traditional fiber production methods. 

The eco fibers market is segmented on the basis of type, end-use, and region. By type, the market is categorized into organic, regenerated, and recycled. By end-use, the market is divided into textile, industrial, medical, household & furnishing, and others. By region, the eco fibers market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players in the eco fibers industry include Grasim Industries Ltd; Teijin Limited; Lenzing AG; Shanghai Tenbro Bamboo Textile Co.,Ltd.; Pilipinas Ecofiber Corporation; David C. Poole Company, Inc; China Bambro Textile Co., Ltd.; Sateri; Universal Fibers Inc.; and Tangshan Sanyou Group Xingda Chemical Fibre Co.Ltd.

Key findings of the study:

• By type, the regenerated segment was the highest revenue contributor to the market in 2022.
• Based on end-use, the textile segment was the highest revenue contributor to the market, growing with a CAGR of 7.3%
• Region-wise, Asia-Pacific dominated the global eco fibers market in 2022.