The demand in the global eco fiber market is rising at significant rate due to increasing environmental consciousness among people. Use of organic fibers supports development of conservative synthetic cotton like no use of pesticides or chemicals. This protects agricultural and environments from chronic diseases, help in generating larger returns for farmers, and improve water utilization. It also helps in reducing dependency on resources and results in increased biodiversity.
Vendors operating in the global eco fiber market are focusing on various organic and inorganic strategies to expand their growth potential and to get a firm hold in the market. Mergers and acquisition, partnership, and collaboration will also help them in expanding their presence in different regions. For example:
- Recently, a leading producer of man-made fibers Lenzing has launched a new product Tencel fiber, which is made from cotton waste fabrics. This product is likely to boost the circular economy solution specifically in the textile industry.
- New technology has been developed at the University of Helsinki and Aalto University, by using recycled newspaper, wood, old cotton, and cardboard to make fabric. The new fabric can also be recycled at the end of its life and help in reducing clothing waste.
Polyfibre Industries Pvt Ltd, Lenzing AG, US Fibers, Wellman Advanced Materials, Grasim Industries Ltd., Teijin Limited, China Bambro Textile (Group) Co., Ltd, David C. Poole Company, Inc., and Pilipinas Eco-fiber Corporation.
One of the remarkable trend seen in the use of eco fiber is that is widely accepted in numerous industries and industry players are also making persistent efforts to adopt these changes. For example, international companies like Patagonia, Nike, and Otto Group are shifting their focus on sustainability mainly to reduce waste, carbon emission, and energy. Moreover, recycled eco fibers have also earned huge popularity as it not only reduces harmful environmental effects but also ensures secured income and high premiums to the farmers. These changes across the globe and other out breaking steps taken by industry players are likely to augment growth in the global eco fiber market.