BIO-BASED CARPET MARKET ANALYSIS

A carpet is a textile floor covering. The carpets are of two form bio-based and synthetic carpets. Bio-based carpets are the floor coverings made from natural materials such as seagrass, sisal, and jute. These carpets are widely used for interior design. These bio-based carpets act as a substitute for the synthetic carpets and are eco-friendly. They translate well into area rugs, stair, and hallway runners. These are un-dyed, unprocessed carpets.

Market Dynamics

The global bio-based carpet market has witnessed significant growth in the recent past, owing to the increasing awareness about chemical-free, ecological protection, and natural material carpet among consumers. This is expected to fuel demand for the bio-based carpet, globally over the forecast period.

Furthermore, manufacturers of carpets are shifting towards bio-based carpet, owing to increasing consumer preference for eco-friendly products. Moreover, on the basis of application, residential segment is expected to drive the global bio-based carpet market growth during the forecast period, owing to the rising adoption of bio-based carpet in residential interior design from consumers.

Moreover, increasing usage of natural fiber in the carpet instead of the synthetic fibers by the manufacturers of carpet is expected to propel demand for the bio-based carpet during the forecast period. This is due to the natural fibers that are sustainable and easily available in the nature. However, high cost of the bio-based carpet is expected to hamper growth of the bio-based carpet market.

On the basis of the material type, the global bio-based carpet market is segmented into silk, seagrass, sisal, wool, and coir. Among these segments, silk and wool is expected to drive growth of the global bio-based carpet market, owing to easy availability, coupled with the consumer preference, across the globe. Moreover, bio-based carpets are easily available in the supermarkets & hypermarkets, among other distribution channels. This, in turn, is expected to fuel growth of the bio-based carpets market over the forecast period.

Among regions, Asia Pacific is expected to account for significant market share in the global bio-based carpet market over the forecast period, owing to growing carpet industry in countries such as China and India. For instance, according to the India Brand Equity Foundation, 2018, the India exported US$ 1.47 billion bio-based carpets in the year 2018.

Key Players

Key players operating in the global bio-based carpet market include Ruckstuhl, Stanton Carpet, Antrim Carpet, Curran Floor, Venetian Blinds, Fibre Flooring, Natural Area Rugs, Earth Weave, Kapoor Handloom Industries, and Nodi Rugs.

Market Taxonomy:

On the basis of material type, the global bio-based carpet market is segmented into:

• Seagrass
• Sisal
• Jute
• Coir
• Silk
• Wool

On the basis of application, the global bio-based carpet market is segmented into:

• Residential
• Commercial

On the basis of distribution channel, the global bio-based carpet market is segmented into:

• Supermarkets & Hypermarkets
• Specialty Stores
• Online Channels
• Others

On the basis of region, the global bio-based carpet market is segmented into:

• North America
  • U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Europe
  • U.K.
  • Germany
  • Italy
  • France
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Australia
  • Rest of Asia Pacific
• Middle East
  • GCC
  • Israel
  • Rest of Middle East
• Africa
  • South Africa
  • Northern Africa
  • Central Africa