18 May

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Coir Market Poised to Grow at a Stable CAGR by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Coir Market. The report presents analysis of global as well as regional markets of coir market over the period of 2016 to 2024. Coir is a fiber from the outer husk of the coconut, used in potting compost and for making ropes and matting. Among vegetable fibers, coir has one of the highest concentrations of lignin, making it stronger but less flexible than cotton and unsuitable for dyeing. Coir is widely used in the upholstery industry, and it is a healthy substitute for processed synthetic rubber. It is also used as a combination with natural rubber for filling up mattresses, automobile seats, sofas, settees, and seating systems. Moreover, Coir is used for insulation and it also finds application in panels, cold storages and food industry. A coconut harvest occurs once in 45 days. From 1000 coconuts it would be possible to extract 10 kgs of coir.

 

Growing demand for ecofriendly products and lightweight properties of coir drives the growth of the global coir market. As it is a material that occurs in nature it is completely renewable and is therefore considered an excellent choice for environmental sustainability. Growth in the end-user industries and the number of bi-products obtained from coir are boosting the growth of the coir market. However, the use of other natural fibers and synthetics are likely to restrain the growth of the coir market. Furthermore, Coir ply has all the properties of phenol-bonded ply with the added strength of fiber reinforced phenol bonding. This in turn is creating several growth opportunities for the key players in the coir market. The government is encouraging private investments in its handloom and coir industries to enhance productivity and maintain the competitive edge. The policy also proposes to introduce power looms to promote state-of-the-art units of international standards.

 

Among the geographies, the Asia Pacific region is leading the coir market due to the highest production in India and Srilanka. APAC region is followed by North America and Europe. India has made considerable efforts to promote coir industry including establishing an annual International Coir Festival. The efforts support the market expansion for coir and India hopes to further increase production by streamlining the fiber collection process to meet demand. Mainly the coastal region of India, produces around 60% of the total world supply of white coir fiber, whereas Sri Lanka produces around 36% of the total world brown fiber output. On the other hand, Coconuts are grown in more than 93 countries in the world and therefore there is considerable scope to develop coir industry in further countries. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global coir market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global coir market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1823

 

The recent report identified that Asia Pacific dominated the global coir market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the coir market worldwide.

 

The report segments the global coir market on the basis of Processing, Products and Applications.

 

Global Coir Market by Processing

·         Brown Fibre

·         White Fibre

·         Buffering

·         Bristle Coir

 

Global Coir Market by Products

·         Coir Fibre

·         Coir Pith

·         Coir Yarn

·         Curled Coir

·         Coir Ply Boards

 

Global Coir Market by Applications

·         Upholstery-Mattresses

·         Insulation

·         Erosion Control

·         Agriculture

·         Netting

·         Matting

 

Companies Profiled in the Report

·         Geewin Exim.

·         SMS Exporters

·          Sai Cocopeat Export Private Limited

·         Kumaran Coir

·         Allwin Coir

·         Travancore Cocotuft Pvt. Ltd

·         BENLION COIR INDUSTRIES.

·         Classic Coir

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

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