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Sustainable Fabrics Market (Product Type - Organic, Regenerated, Recycled, and Natural; Application - Clothing, Household & Furnishing, Medical, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : CM00859

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on sustainable fabrics market provides in-depth analysis of segments and sub-segments in the global as well as regional sustainable fabrics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sustainable fabrics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sustainable fabrics market. According to the report, the global sustainable fabrics market is projected to be worth USD 65.3 billion in 2020 and is expected to reach USD 134.7 by 2026.

 

Market Insight

The global sustainable fabrics market is projected to grow with a CAGR of 11.00%during 2020-2026. Today, many companies are jumping on to fabric sustainability. Corporate Social Responsibility (CSR) has become an inevitable concept of the textile industry. Many types of research show that the textile industry is the most polluting industry in the world. Almost 2000 different chemicals are used in this industry. A mere chemical processing in this industry constitutes 70 percent of the overall pollution. Hence, Nowadays the importance of sustainable fabric is recognized by both consumers and manufacturers.

 

Growing awareness regarding the harmful effects of synthetic fabrics on the environment is majorly driving the growth of the sustainable fabrics market. The global textile industry is one of the major contributors to global environmental pollution. According to the International Union for the Conservation of Nature, fibers from synthetic fabrics constitute an estimated 35% of microplastic that enters the ocean. Furthermore, synthetic fiber manufacturing plants disrupt freshwater systems. Streams and rivers act as the primary recipients of industrial effluents. This transports pollutants to groundwater and marine ecosystems. Moreover, according to the Pulse of the Fashion report 2018, to produce a polyester T-shirt, 262 percent more CO2 is emitted than a cotton shirt. In addition, synthetic fabrics also have a negative impact on human health. Most of the synthetic fabrics are made of polyester, which is plastic and a by-product of petroleum. Polyester is closely associated with hormonal disruption and the formation of breast cancer cells. The factory workers also face these health risks. The process of converting petroleum into polyester is a long, and toxic process. The workers, work in terrible conditions, face debilitating health issues due to exposure to toxic substances. Furthermore, increasing demand for natural and organic fabrics from the fashion industry is augmenting the growth of the sustainable fabrics market. However, the high price of sustainable fabrics is anticipated to hamper the market growth. Moreover, growing initiatives to promote organic and sustainable products are expected to boost the market over the forecast period.

 

The Asia Pacific region is expected to dominate the global sustainable fabrics market owing to the high disposable income and supportive government regulations that have significantly influenced the growth of the sustainable fabrics market in the region. Furthermore, North America is the second-largest market for sustainable fabrics owing to the evolving lifestyle and strong demand for fashion apparel in this region. Moreover, the European sustainable fabrics market is expected to grow with a significant CAGR over the forecast period owing to the strong base of textile players in the region. South America and Middle East & Africa are likely to expand at a healthy pace in the coming years owing to the heavy investments in the textile sector.

 

Segment Covered

The report on global sustainable fabrics market covers segments such as product type, and application. On the basis of product type, the sub-markets include organic, regenerated, recycled, and natural. On the basis of application, the sub-markets include clothing, household & furnishing, medical, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Lenzing AG, Pure Waste Textiles, China Bambro Textile Co., Ltd, Vivify Textiles, TÉLIO, Teijin Ltd, Fujian Baichuan Resources Recycling Science&TechnologyCo.Ltd, Ecological Textiles, TEXTIL SANTANDERINA, SA, and Paramount Textile Mills (P) Ltd.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sustainable fabrics market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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