Market Size of Eco Fibers Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 53.34 Billion |
| Market Size (2029) | USD 79.84 Billion |
| CAGR (2024 - 2029) | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Eco Fibers Market Analysis
The Eco Fibers Market size is estimated at USD 53.34 billion in 2024, and is expected to reach USD 79.84 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).
The eco fibers market was negatively impacted by COVID-19 in 2020. The textile industry was one of the industries to be worst affected by the pandemic, with business orders of garments dropping by double-digit numbers in the global market. However, the governments of most countries initiated various schemes to revive the sector, which later led to substantial growth and improvement in the sector. For instance, in Europe, the European Union (EU) and Better Work, a program to improve working conditions in the garment industry, decided to join efforts to improve working conditions in countries such as Bangladesh and Vietnam. Such initiatives helped revive the sector and consequently boosted eco-fiber demand.
Over the long run, growing demand for daily and fashion wear and increasing use of eco-fiber in household applications are expected to drive the market studied.
The high cost of final products is expected to hinder the market growth of eco fibers through the coming years.
Growing demand for natural fibers in various applications is expected to create opportunities for the market in the coming years.
Asia-Pacific is expected to dominate the global eco fibers market, and it is also expected to register the fastest growth through the forecast period.
