Grand View Research has published a report that discusses the Eco Fiber Market in detail including its current trends, their projected growth forecast and R&D initiatives underway for period of 2025.
The market is expected to reach USD 69 billion while registering CAGR of 9.2% by 2025. Development of high-quality innovative fabrics is one of the major factors that will be contributing to the growth of Eco Fibers.
Cost effective structures with automated process for eco fiber development and its processing is going to be key component for this labor-intensive market in the coming years. The market is dominated by the regenerated eco-fibers and it accounts for almost 52.7% of revenue in 2018. Asia Pacific region shared 32.4% to the total production and is expected to register more growth over the period owing to the new trade agreements between continents.
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The growing customer base and rising demand for eco fibers for furniture and bedding applications is expected to push the production in the forecasted period. Moreover, the latest advancements in eco fibers market such as antimicrobial, UV resistant and insulating characteristics of the eco fibers is expected to give a new dimension to the market. You can read the detailed report here.
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