TechNavio recognizes the following companies as the key players in the Global Fiber Market: Fulida Group Holding Co. Ltd., Grasim Industries Ltd., Lenzing AG, and Tangshan Sanyou Group Co. Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Organic fibers are produced without the use of toxic substances, preservatives, pesticides, irradiation, or genetic engineering. The demand for natural and organic fibers is increasing worldwide with the increase in environmental awareness among consumers. Especially when it comes to clothing, consumers increasingly prefer organic clothing. Consumers are demanding biodegradable, environmental, and skin-friendly fabrics and clothing from the Textile industry, which is driving the Global Fiber market. For instance, the production of organic cotton used in fabrics and clothing has increased two-fold and was worth more than US$7.0 billion in 2012 and will continue to increase during the forecast period. Many manufacturers are obtaining certifications such as the Global Organic Textile Standard for growing organic cotton fibers, so as to meet the growing needs for organic fiber-based textile products. The growing need for sustainability is encouraging consumers to buy products made from organic materials and fabrics. Hence, this will drive the growth of the Global Fiber market during the forecast period. ”
According to the report, one of the major drivers in this market is the increase in population worldwide. As many countries such as China, India, Brazil, and the Arab countries are witnessing a rising population, the demand for textiles including apparels and home textiles is expected to increase. This in turn is leading to the increase in demand for fibers used in the manufacturing of textile products.
Further, the report states that one of the major challenges in this market is the increase in fiber prices, especially cotton. The price of cotton is rising continuously and will continue to rise due to the shortage in its supply.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-fiber-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report -Global Fiber Market 2012-2016
