The global demand for eco fibers is estimated to reach US$58 billion in 2024 and is projected to grow to US$99.5 billion by 2030, achieving a CAGR of 9.4% during this period.
Several key factors are driving the demand for eco fibers. Increased consumer awareness of the benefits of sustainable fashion and eco-friendly products, coupled with the superior comfort offered by eco fiber textiles compared to conventional fibers, is significant. There is also a substantial demand for eco fibers from emerging economies, with the textile industry being the primary driver, followed by industrial and healthcare sectors. Additionally, the apparel industry is witnessing a growing need for synthetic cellulosic fibers.
Asia-Pacific not only holds the title of the largest market for eco fibers but is also expected to be the fastest-growing region. This area is a hub for major textile manufacturing, primarily located in China, India, Bangladesh, and several East Asian countries, where cheap resources and labor attract global brands to outsource production. Furthermore, many countries in the Asia-Pacific region are introducing legislation to promote sustainable practices within the textile sector, and government incentives are further driving the demand for eco fibers.
The primary types of eco fibers include organic fibers, recycled fibers, and regenerated fibers. Among these, organic fibers are projected to lead the market, driven by rising consumer awareness of their benefits and a growing preference for these fibers over traditional options. The market for recycled fibers is anticipated to register the fastest growth between 2024 and 2030. These fibers are produced by converting waste plastic and discarded textile materials into new textiles, thereby reducing the reliance on virgin resources and minimizing waste.
Regenerated fibers are also expected to experience significant growth, particularly regenerated cellulosic fibers, which boast outstanding properties such as high wet tenacity, absorbency, sheen, softness, ease of dyeing, good drape, and biodegradability.
Eco fibers are primarily utilized in textiles, industrial applications, healthcare and medical settings, as well as household and furnishing products. The textile sector dominates the eco fiber market, particularly in casual and formal wear. Prominent fashion brands such as Patagonia, Pact, Tentree, Reformation, Eileen Fisher, Outerknown, Stella McCartney, and Adidas have adopted policies to incorporate a significant proportion of eco fibers into their products, further boosting market growth. The industrial sector has also seen a proliferation of eco fibers, which are used in constructing building structures, dams, and tunnels. Applications include the reinforcement of walls, facades, hose wraps, concrete wraps, waterproof membranes, and thermal and sound insulation panels.