Natural Fibers Market Analysis | 2023-2028

Market Insights

The natural fibers market was estimated at USD 4.8 billion in 2022 and is likely to grow at a CAGR of 7.6% during 2023-2028 to reach USD 7.5 billion in 2028.

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

Natural fibers are thin, long, and flexible thread-like structures that are obtained from animals, plants, or mineral sources. These fibers are spun into yarns and then made into fabrics for different purposes.

Some common natural fibers extracted from plants such as bamboo, cotton, sisal, and jute. These fibers act as a favorable substitute for synthetic fiber composites and provide excellent properties, such as biodegradability and abrasion resistance.

COVID-19 Impact

The COVID-19 pandemic has adversely affected the natural fibers industry. Industries such as automotive and textile witnessed a complete shutdown of operations. Also supply chain disruptions, further negatively influenced market growth amid the pandemic.

Market Drivers

The natural fibers market is driven by a host of factors, some of which are noted below:

• The increasing importance of fibers in various industries.
• Natural fibers exhibit biodegradability and abrasion resistance, which enables lower production costs.
• Favorable government rules regarding recyclability.
• Utilization of eco-friendly products & consumer preference.
• Rising awareness regarding environmental protection.

Want to have a closer look at this market report? Click Here.

Some of the key trends in the market include:

• The increasing demand for organic cotton: Organic cotton is farmed without the use of pesticides, herbicides, or fertilizers that are synthetic. This makes it a more environmentally friendly option than ordinary cotton, which contributes significantly to water pollution and soil depletion. Demand for organic cotton is rising as consumers become more aware of the environmental and health consequences of conventional cotton farming.
• The growing popularity of natural fiber blends: Natural fiber blends are made up of two or more different natural fibers. These mixtures have several advantages over pure natural fibers, including greater strength, durability, and wrinkle resistance. They are also frequently less expensive than pure natural fibers. Natural fiber blends are becoming increasingly popular since there is a greater demand for high-performance textiles that provide both sustainability and performance benefits.
• The development of new technologies for processing natural fibers: A number of novel technologies for processing natural fibers are being developed. These methods enable the production of natural fibers that are more durable, versatile, and inexpensive. New technologies, for example, are being developed to improve natural fiber strength and flexibility, making them more appropriate for use in high-performance textiles.
• The increasing focus on sustainability in the textile industry: The textile business is one of the world's most polluting industries. It contributes significantly to water pollution, air pollution, and greenhouse gas emissions. The textile industry's growing emphasis on sustainability is driving up demand for natural fibers. Natural fibers are more environmentally friendly than synthetic fibers since they take less energy and water to produce.

These are only a handful of the major market trends in natural fibers. The market is likely to expand more in the future years, owing to rising demand for environmentally friendly and sustainable products.

Segment Analysis

By End Use Type

The market has been classified into automotive, textile, medical, and others. The textile segment accounted for the highest share of the market in 2022 owing to increasing product usage in apparel and several household products.

Its excellent features such as cost effectiveness, low weight, and better thermal insulation further augment the segment growth during the forecast timeline.

Regional Insights

The North American market accounted for a significant share in 2022 and is expected to grow at a robust CAGR during the review period. The market growth is mainly attributed to consistent technological advancements and supportive policies to use natural fibers over synthetic ones, which further augments the market expansion.

The Asia Pacific Market held a substantial share in 2022 and is expected to grow at a robust CAGR during the review period. The market growth is mainly attributed to strong end-use sectors such as textile and automotive. Also, the easy availability of raw materials further bolsters regional growth.

Know the high-growth countries in this report. Register Here

Key Players

The following are some of the key players operating in the market are:

• BComp (Switzerland)
• The Natural Fiber Company (UK)
• Barnhardt Natural Fibers (US)
• UPM Biocomposites (Finland)
• Advanced Environmental Recycling Technologies (US)
• Vrijesh Natural Fibre & Fabrics Pvt. Ltd. (India)
• Trex Company Inc. (US)
• Fiberon LLC. (US)
• Advanced Engineering Recycling Technologies (AERT) (US)
• OECO Textiles (US)

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

• This strategic assessment report from Stratview Research, provides a comprehensive analysis that reflects today’s natural fibers market realities and future market possibilities for the forecast period of 2023 to 2028.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The natural fibers market is segmented into the following categories:

By Type

• Protein-based natural fiber
• Cellulose-based natural fiber

By End Use

• Automotive
• Textile
• Medical
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and the Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Click Here, to learn the market segmentation details.

Report Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.