Global Biodegradable Fabrics Market Growth Drivers, Business Strategies and Future Prospects 2023-2030
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| Global Biodegradable Fabrics Market |
The global Biodegradable Fabrics Market is estimated to be valued at US$ 5.86 Bn or Mn in 2023 and is expected to exhibit a CAGR of 12.6% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Biodegradable fabrics are textiles that can be decomposed into natural elements such as water, carbon dioxide, and biomass. These fabrics are environment-friendly and are produced using natural fibers including cotton, bamboo, hemp, modal and others. Biodegradable fabrics offer advantages such as moisture absorbency and enhanced breathability. The rising concerns over environmental pollution have fueled the demand for sustainable materials in textiles industry.
Market key trends:
One of the key trends in the global biodegradable fabrics market is growing adoption of biodegradable fabrics in fashion and clothing industry. Consumers are increasingly opting for apparel produced using natural and eco-friendly fibers due to rising environmental consciousness. This has motivated clothing brands and retailers to offer biodegradable clothing lines to meet growing consumer demand. For example, clothing companies such as H&M and Inditex have launched new collections made from fabrics containing biodegradable fibers including organic cotton and bamboo rayon. The trend towards sustainable fashion is expected to continue driving market growth over the coming years.
Segment Analysis:
The global biodegradable fabrics market is segmented by material, application, and region. On the basis of material, the market is segmented into polylactic acid, polyhydroxyalkanoates, lyocell, protein-based fabrics, and others. The polylactic acid segment dominated the market in 2023 and is projected to maintain its dominance over the forecast period. Polylactic acid is widely used in the production of biodegradable fabrics due to its excellent thermal stability and mechanical strength.
Key Takeaways:
The global Global Biodegradable Fabrics Market Demand is expected to witness high growth, exhibiting a CAGR of 12.6% over the forecast period 2023 - 2030, due to increasing environmental concerns regarding non-biodegradable petroleum-based fabrics. The market size is estimated to reach US$ 5.86 Bn in 2023.
Regional analysis:
North America dominated the biodegradable fabrics market in 2023 and is expected to maintain its leading position over the forecast period. The high growth in the region can be attributed to stringent government regulations regarding the production and usage of non-biodegradable fabrics. Asia Pacific is expected to witness the fastest growth, owing to rapid industrialization and growing textile industry in countries such as China and India.
Key players:
Key players operating in the biodegradable fabrics market are Ecologic Fiber, Enka Textile, Hemp Inc, David C. Poole, Eco Textile, Propex, Greenfibres, EnviroTextiles, Vestagen Protective Technologies, W.L. Gore & Associates, Taiwan Singtex Industrial Company, Tengri, Bcomp, Flexform Technologies, Aquafi, Eucarpe, Toad&Co, Amadou Naturals, Back Beat Co., and SynZenta. Ecologic Fiber and Propex are identified as the market leaders due to their extensive product portfolio and strong distribution network across various regions.
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