by The global Skin Fibre Market is estimated to be valued at US$ 825.1 million in 2023 and is expected to exhibit a CAGR of 11.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Skin Fibres are a type of cellulose Fibres derived from natural sources such as wood pulp. These Fibres are widely used in the textile industry for the production of sustainable and eco-friendly fabrics. Skin Fibres offer properties such as breathability, moisture-wicking, and biodegradability, making them a preferred choice for various applications, including apparel, home textiles, and healthcare products.
Market Dynamics:
The market for skin Fibres is driven by two main factors: the growing demand for sustainable textiles and the increasing awareness about the harmful effects of synthetic Fibres on the environment and human health. Consumers are becoming more conscious of their purchasing decisions and are actively seeking out environmentally friendly options. Skin Fibres provide a viable alternative to synthetic Fibres, as they are renewable, biodegradable, and have a lower carbon footprint.
Additionally, the demand for skin Fibres is also driven by the increasing popularity of athleisure wear and the growing interest in natural and organic skincare products. Athleisure wear requires fabrics that are comfortable, breathable, and moisture-wicking, making skin Fibres an ideal choice. Moreover, the rising trend of using natural and organic ingredients in skincare products has led to the increased use of skin Fibres in the development of facial masks, wipes, and other personal care items.
Segment Analysis:
The skin Fibre market can be segmented based on product type and application. In terms of product type, the market is dominated by lyocell Fibres, which are known for their superior properties such as softness, strength, and absorbency. Lyocell Fibres find extensive applications in the production of apparel, home textiles, and nonwoven products. The apparel segment holds the largest share in the application segment, owing to the increasing demand for sustainable clothing options.
PEST Analysis:
Political: The political landscape plays a crucial role in shaping the market for skin Fibres. Government initiatives promoting sustainable and eco-friendly textiles, along with regulations on the use of harmful chemicals in the textile industry, are driving the demand for skin Fibres.
Economic: The economic factors such as the increasing disposable income, changing consumer preferences, and growing textile industry are contributing to the growth of the skin Fibre market.
Social: The growing awareness among consumers about the environmental impact of synthetic Fibres and their inclination towards sustainable and eco-friendly products are driving the demand for skin Fibres.
Technological: Technological advancements in the production process of skin Fibres, such as the use of environmentally friendly solvents and closed-loop production systems, are further fueling the market growth.
Key Takeaways:
– The global skin Fibre market is expected to witness high growth, exhibiting a CAGR of 11.5% over the forecast period, due to increasing demand for sustainable and eco-friendly textiles.
– Asia Pacific is the fastest-growing and dominating region in the skin Fibre market. The region is witnessing rapid industrialization and urbanization, leading to an increase in the consumption of textiles.
– Key players operating in the global skin Fibre market include DuPont de Nemours, Inc., Lenzing AG, Kelheim Fibres GmbH, Asahi Kasei Corporation, Grasim Industries Limited (Aditya Birla Group), Sateri Holdings Limited, Tangshan Sanyou Group Co., Ltd., Birla Cellulose (Aditya Birla Group), Indo Bharat Rayon (Aditya Birla Group), and China Bambro Textile Co., Ltd.
In conclusion, the global skin Fibre market is poised for high growth in the coming years, driven by the increasing demand for sustainable and eco-friendly textiles. The market offers immense opportunities for key players to capitalize on the growing consumer preference for environmentally friendly options. With advancements in technology and government support for sustainable practices, the skin Fibre market is expected to witness significant development in the forecast period.
