Sustainable Fabrics Market Outlook (2019-2023) By Top Competitors, Business Growth, Trend, Size, Segmentation, Revenue and Industry Expansion Strategies: MRFR
Sustainable Fabrics Market was valued at USD 58.3 billion in 2018 and is expected to grow at a CAGR of 11.4% during the forecast period. Sustainable Fabrics Market Information: By Product Type (Organic, Regenerated, Recycled, Natural), Application (Clothing, Furnishing, Medical, Others), and Region — Global Forecast Till 2023
Pune, India – September 30, 2019 /MarketersMedia/ —
Sustainable Fabrics Market Eyeing for Lucrative Growth
Key Players:
Leading players profiled in the sustainable fabrics market include Vivify Textiles (Switzerland), Pure Waste Textiles Ltd (Finland), Textil Santanderina, SA (Spain), China Bambro Textile Co. Ltd (China), Pilipinas Ecofiber Corp. (Philippines), Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd (China), Shanghai Tenbro Bamboo Textile Co. Ltd (China), Polyfibre Industries (India), Foss Performance Materials (US), David C. Poole Company, Inc (US), US Fibers (US), Wellman Advanced Materials (US), Teijin Limited (Japan), Grasim (India), Lenzing AG (Austria), and Fabindia Overseas Pvt. Ltd. (India).
March 2019 – Primark, a U.K. fast fashion retailer has introduced the first ever jeans for women made of organic cotton. It will soon be accessible in the United Kingdom and the European Union. The company has utilized fabrics made from water bottles and recycled polyester.
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Market Segmentation:
Market Research Future report offers a comprehensive segmental analysis of the sustainable fabrics market on the basis of product type and application.
Based on product type, it is segmented into recycled, regenerated, organic and natural. Of these, regenerated fabric will have the largest share in the market owing to similar performance characteristics as that of synthetic fabrics. Clothing applications and automotive furnishing are propelling its growth.
Based on application, the sustainable fabrics market is segmented into medical, furnishing, clothing and others. Of these, clothing will lead the market owing to the massive size of garment and textile industry and large-scale consumption. The growing retail outlets in the developing countries mainly India and China is another key factor that is fueling market growth.
Market Analysis:
The global sustainable fabrics market is projected to have a lucrative growth at a whopping 11.4% CAGR during the estimated period (2016-2023). Sustainable fabric is a type of fabric that is derived from resources that is eco-friendly such as recycled materials and fiber crops that are sustainably grown. Such fabrics aim in minimizing the damage caused to the environment in its entirety. In short, such fabrics are pesticide free, manufactured in closed loop systems or focusing on recycling or reducing the overall chemical and water waste. Sustainable fabrics comprise of recycled fabrics, regenerated fabrics and organic fabrics.
The organic fabrics are made from plants that are non-genetically modified, grown in controlled settings of water and soil sans herbicides, pesticides or any other chemical. Of all, it is organic cotton that is the most widely used organic fabric. The regenerated fabrics are manufactured by dissolving cellulose from the tree wood in chemicals thereby forming fiber through the viscose method. Hemp, cotton is used mostly as the source of cellulose. The various forms of regenerated fabrics or viscous rayon or rayon include crabyon, alginate, modal, linen and lyocell. The recycled fabrics are made using 100% PCR (post-consumer recycled) or synthetic fabrics namely polypropylene, polyester or polyethylene. It is recycled and then converted into eco fibers and fabrics that are designed specifically for sports and outdoor apparel, industrial scrub pads, roof vents and outdoor furnishing.
There are several factors that is propelling the growth of the sustainable fabrics market. These factors according to the Market Research Future (MRFR) report include rising awareness amid fabric manufacturers concerning sustainable fabric production, increasing need for clothing made of organic cotton or rayon, growing furnishing industry, favorable regulations to manufacture bio-based products, strict regulations made on synthetic polymers, rapidly growing textile industry, growing e-commerce industry, changing living standards, rising consumer purchasing power, increasing per-capita income and rising population. On the contrary, the high price of such fabrics over that of conventional fabrics may hamper the growth of the sustainable fabrics market.
Regional Analysis:
Based on region, the sustainable fabrics market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa. Of these, the APAC region will have a mammoth share in the market during the estimated period and is anticipated to expand at the fastest CAGR. APAC will be followed by North America that holds the second major share and further trailed by Europe. In Latin America, the sustainable fabrics market is prognosticated to have an increasing growth during the estimated period. On the other hand, the sustainable fabrics market in the Middle East and Africa will have minimal share.
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TABLE OF CONTENTS:
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics Of Global Sustainable Fabric Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis Of Global Sustainable Fabric Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat Of New Entrants
5.2.2 Bargaining Power Of Buyers
5.2.3 Bargaining Power Of Suppliers
5.2.4 Threat Of Substitutes
5.2.5 Intensity Of Competitive Rivalry
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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