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Global Fiber Market 2012-2016

Global fiber market: 4% CAGR growth forecast between 2012-16


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2014-01-23 18:26:03 - Global Fiber Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Fiber market is to grow at a CAGR of 4 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in population. The Global Fiber market has also been witnessing an increase in the demand for organic and natural fibers. However, the increase in fiber prices could pose a challenge to the growth of this market.

Organic fibers are produced without the use of toxic substances, preservatives, pesticides, irradiation, or genetic engineering. The demand for natural and organic fibers is increasing worldwide with the increase in environmental awareness among consumers. Especially when it comes to clothing, consumers increasingly prefer organic clothing. Consumers are demanding biodegradable, environmental, and skin-friendly fabrics and clothing

 

 

from the Textile industry, which is driving the Global Fiber market. For instance, the production of organic cotton used in fabrics and clothing has increased two-fold and was worth more than US$7.0 billion in 2012 and will continue to increase during the forecast period. Many manufacturers are obtaining certifications such as the Global Organic Textile Standard for growing organic cotton fibers, so as to meet the growing needs for organic fiber-based textile products. The growing need for sustainability is encouraging consumers to buy products made from organic materials and fabrics. Hence, this will drive the growth of the Global Fiber market during the forecast period.

One of the major drivers in this market is the increase in population worldwide. As many countries such as China, India, Brazil, and the Arab countries are witnessing a rising population, the demand for textiles including apparels and home textiles is expected to increase. This in turn is leading to the increase in demand for fibers used in the manufacturing of textile products.

One of the major challenges in this market is the increase in fiber prices, especially cotton. The price of cotton is rising continuously and will continue to rise due to the shortage in its supply.

The key vendors dominating this space include Fulida Group Holding Co. Ltd., Grasim Industries Ltd., Lenzing AG, and Tangshan Sanyou Group Co. Ltd.

The other vendors mentioned include Asahi Kasei Fibers Corp., BASF Corp., Fiber Visions Corp., Kaneka Corp., Mitsubishi Rayon Co. Ltd., Performance Fibers Inc., Radici Partecipazioni S.p.A, Reliance Industries Ltd., and Toyobo Co. Ltd.

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Mike King
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