Global Natural Fibers Market 2022 to 2031 - Featuring Barnhardt Manufacturing, BComp, UPM and The Natural Fibre Company Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 20, 2022--
The “Natural Fibers Global Market Report 2022: Ukraine-Russia War Impact” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global natural fibers market.
The global natural fibers market is expected to grow from $63.62 billion in 2021 to $66.10 billion in 2022 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The natural fibers market is expected to grow to $77.12 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%.
- Barnhardt Manufacturing Company
- BComp Ltd
- The Natural Fibre Company
- JELU-WERK J. Ehrler GmbH and Co KG
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
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- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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Major players in the market are Barnhardt Manufacturing Company , BComp Ltd , UPM , The Natural Fibre Company, JELU-WERK J. Ehrler GmbH and Co KG, LENZING AG, OECO Textiles , TECNARO GMBH , Procotex, Grasim Industries Limited , Ananas Anam , Circular Systems SPC, Chandra Prakash and Company, and Kelheim Fibres GmbH.
The natural fibers market consists of sales of natural fibers by entities (organizations, sole traders, and partnerships) that are used in various industries for their better renewable, cost-effective, abundant, formability, and eco-friendly features. Natural fibers refer to long, thin, and flexible thread-like structures with various advantages, including high specific stiffness and strength, a good fiber aspect ratio, biodegradability, and easy accessibility from natural sources.
The main types of natural fibers are cellulose-based, and protein-based fibers. The cellulose-based fibers refer to fibers consisting primarily of cellulose and a varying amount of hemicellulose, lignin, pectins, and waxes depending on the origin of extraction from part of the plant. The distribution channels include direct or institutional sales, retail sales, and other channel sales. The various end-use industries include automotive, textiles, medical, and other end-user industries.
Asia Pacific was the largest region in the natural fibers market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in natural fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising focus on the fuel efficiency of vehicles is expected to propel the growth of the natural fibers market going forward. Fuel efficiency refers to a measurement of how far a car can go on a certain amount of fuel. Natural fibers help fuel efficiency vehicles by reducing the weight of the vehicle in order to consume less fuel.
Product innovations are the key trend gaining popularity in the natural fibers market. Major companies operating in the natural fibers market are developing new products with advanced technological processes to sustain their position in the natural fibers market.
In October 2021, Bast Fibre Technologies (BFT), a Canada-based cleantech fiber engineering firm acquired Faser Veredlung Tonisvorst (FTV) for an undisclosed amount. Through this acquisition, Bast Fibre Technologies aims to strengthen its manufacturing capabilities to cater to the increasing demand of customers and expand. Faser Veredlung Tonisvorst is a Germany-based textile processing facility that manufactures natural fiber.
The countries covered in the natural fibers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/2h5irj
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INDUSTRY KEYWORD: TEXTILES MANUFACTURING
SOURCE: Research and Markets
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PUB: 12/20/2022 08:30 AM/DISC: 12/20/2022 08:31 AM