ECO FIBER MARKET ANALYSIS

Regional Analysis

Asia Pacific held a dominant position in the global eco fibers market in 2016 and is expected to retain its dominance over the forecast period, followed by North America and Europe. Rapid growth in the textile industry and wide availability of raw materials coupled with cheap work force in this region are major factors propelling growth of the eco fibers market in Asia Pacific. Furthermore, emerging economies such as India and China are major growth engines. India is the largest producer as well as consumer of eco fibers and accounts for over 35% of the market share of the region.

Europe and North America account for the fastest-growing markets. According to the Food and Agriculture Organization (FAO) of the UN, countries such as U.K., Turkey, and Germany accounted for the major share in the eco fiber market in Europe, whereas U.S. holds the largest market in North America, accounting for over 50% market share.

Geographies Covered: Asia Pacific, North America, Europe, India, China, U.K., Turkey, Germany, U.S.