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.
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.
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.
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.
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.