According to a new report, there is a growing interest and awareness in ‘eco-fibers’ within the textile industry. Organic fibers have numerous advantages over the conventional synthetic cotton such as no use of pesticides or chemicals that saves the farmers as well as surroundings from chronic diseases, less resource consumption, more revenues for farmers, improved water utilization, and increased biodiversity. Owing to these qualities of the product, demand for organic fibers are expected to increase in the near future hence driving the industry growth. The report goes on to suggest that the market will grow to more than $93 billion by 2025. The report suggests a compound annual growth rate of 7.3% from 2017 until 2025.
- Organic cotton and bamboo are most popular natural fibers, increasingly being preferred by several fashion companies working with organic eco-logical fashion to improve the standards of sustainable materials in their product line. These green products are produced from the controlled usage of chemicals and pesticides, and are sold under the label “eco-friendly”.
- Regenerated fibers, defined as those created using proteins or the cellulose area of plant fiber, with no hazardous chemicals, had over 55 per cent market volume share in 2016, the report says.
- The hospital and healthcare environments increased guidelines encouraging the use of antimicrobial textiles will also aid in growth of this section.
- The availability of feedstock and raw materials has aided a shift from synthetic fibers towards organic fibers across the textile industry, according to Grand View Research.
- Asia Pacific was the leading region in the eco-fiber market at the end of 2016 says the report, with 35 per cent of the total market share. It also suggests favorable government policies in the region towards more sustainable methods of textile production have added to this growth.
- Demand for garments made from fibers with improved sustainability credentials have risen with living standards across Asia, with China being the largest producer.