The global eco-fiber market size was valued at USD 45.76 billion in 2020. The market grew from USD 48.89 billion in 2021 and reached USD 86.62 billion by 2028, exhibiting a CAGR of 8.5% during the forecast period. The rising application of fiber in several industries and strong demand for sustainable fibers are expected to fuel the market growth. Fortune Business Insights™ presents this information in its report titled “Eco-Fiber Market, 2021-2028.”
Type, Application, and Region are Studied
By type, the market is segmented into regenerated fibers, recycled fibers, organic fibers, and others. Based on application, it is classified into medical, industrial, household & furnishing, clothing/textile, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.