The global Eco Fibers Market is anticipated to cross the mark of USD 93billion by 2025. Eco fibers are fibers that do not need pesticides or chemicals to grow. They are mostly disease-free and inherently resistant to mildew and molds. Cultivation of eco fibers benefits farmers as well as surroundings by cutting down resource consumption, increasing biodiversity, and improving water utilization.
Rising awareness regarding production of sustainable textile to meet environmental and social responsibilities is prompting manufacturers to innovate environment-friendly fibers. Recently, an Austrian specialty fiber-maker, Lenzing, launched EcoVero, a viscose with minimum environmental impact. The wood used for manufacturing it is certified by the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC). The production process is water-intensive, energy-intensive, and chemical-intensive. Moreover, EcoVero has been awarded the Eco EU Label certification. It has 50 per cent lower emissions and water impact than most conventional viscose.
Key end-use sectors of eco fibers are industrial, textiles, pharmaceuticals, and household and furnishing. Rapid expansion of the textiles industry is estimated to create a staggering volume of demand for eco fibers. The growth of the industry will also promote fiber manufacturers to expand their sustainable offerings. For instance, in October 2017, American & Efird (A&E) launched Magic® using REPREVE®, a new recycled polyester sewing thread. The thread will cater to the athletic wear and performance apparel market.
Increasing stringency in regulations pertaining to manufacturing of synthetic polymers can help the global eco fibers market in gaining tremendous traction. The growth of the market will be further boosted by favorable environmental sanctions on bio-based products, finds Grand View Research, Inc. in a study. Volatile prices of raw materials used for manufacturing synthetic materials are also poised to work in favor of the market.
Asia Pacific will continue to be a prominent consumer of eco fibers throughout the review period (2014–2025). Growing population, coupled with improving living standards, will stir up the demand for high quality and sustainable textiles.
Some of the key companies operating in the global arena are Grasim Industries Ltd., Polyfibre Industries Pvt. Ltd., US Fibers, Wellman Advanced Materials, and China Bambro Textile (Group) Co., Ltd.
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