Arab & Middle East News
(ARABNEWSWIRE.COM, November 27, 2018 ) Eco Fibers Ingredients Market Overview
Eco fibers are created from either natural materials like organic cotton, hemp, jute, or synthetic materials like polyethylene, polyester, or polypropylene which are recycled to change them into eco fibers.
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The major factors propelling for the eco fibers ingredients market are quickly expanding textiles industry in developing nations, including India and China. Growing environmental awareness along with volatile prices associated with conventional fabrics has also fuelled the market for eco fibers.
Eco Fibers Ingredients Market Forecast Report (2018-2023)
Middle East and Africa Eco Fibers Ingredients market was worth USD 3.59 billion in 2018 and estimated to be growing at a CAGR of 10.11%, to reach USD 5.81 billion by 2023.
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Eco Fibers Ingredients Market Segmentation
The Middle East and Africa Eco Fibers Ingredients market is segmented on the basis of Type into Organic Fibers, Recycled Fibers, Regenerated Fibers, and Others. Based on Application, the market is segmented into Clothing/Textile, Household & Furnishings, Industrial, Medical, and Others.
On the basis of geography, the Middle East and Africa market is analysed under the regions namely Middle East and Africa. The Middle East and Africa region has many developing countries and thus the market is estimated to prosper in the coming years.
The major companies dominating this market for its products and services are
Polyfibre Industries Pvt Ltd
Grasim Industries Ltd.
Wellman Advanced Materials
Pilipinas Ecofiber Corporation
China Bambro Textile (Group) Co., Ltd.
Tangshan Sanyou Group Xingda Chemical Fibre
Foss Manufacturing Company
Poole Company Inc
Key Developments in the Market
APAC dominated the global eco fiber market with 38% share in 2017
In 2017, the textile segment held the highest market share of nearly 50%
The market is showcasing evident potential in the mentioned forecasting period. The eco fibers ingredients market continues to gain momentum with the rapid development in the pharmaceutical industry.
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