Plant-based fibers are derived from natural sources such as fruits, vegetables, legumes, grains, and nuts. These fibers offer numerous health benefits and are widely used in food and beverage products, pharmaceuticals, and personal care items.
In recent years, there has been a significant shift towards sustainability and eco-consciousness in various industries, including textiles. The plant-based fiber market size is projected to be worth US$ 294.8 million in 2023 and is expected to reach US$ 678.9 million by 2033. The market is likely to record a significant CAGR of 3.9% during the forecast period.
Plant-based fibers, derived from renewable sources such as plants, trees, and agricultural waste, have become a viable and eco-friendly alternative to traditional synthetic and animal-based fibers.
They offer a range of advantages, including reduced carbon footprint, biodegradability, and lower water and energy consumption during production.
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Benefits of Plant-based Fibers:
Manufacturers and designers are actively exploring innovative ways to enhance the performance and versatility of plant-based fibers, expanding their applications in various industries. Additionally, advancements in technology and processing techniques further contribute to developing new plant-based fibers with enhanced properties.
As consumers become more conscious of their choices, the market for plant-based fibers is expected to flourish, paving the way for a greener and more sustainable future in the textile industry. By embracing plant-based fibers, we can contribute to the preservation of our planet while enjoying high-quality and sustainable textile products.
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Key Findings:
Competitive Landscape
Lenzing AG, US Fibres, Polyfibre Industries, Grasim Industries Ltd., and Shanghai Tenbro Bamboo Textile Co. Ltd. are the market’s leading players. To obtain a competitive advantage, the organizations profiled have implemented measures such as developing worldwide presence through capacity enhancement, new product launches, and investment.
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Key Segments Covered in the Plant-based Fiber Market Report
By Material:
By Packaging Type:
By End Use:
By Region:
Explore FMI’s Extensive Coverage in the Food and Beverages Domain:
Plant-Based Fish Feed Market: The plant-based fish feed market is valued at US$ 6.8 Billion in 2021. It is set to grow at 6% CAGR through 2032 at a value of US$ 12.2 Billion.
Plant-Based Chorizo Market Outlook: Plant-based chorizo market size exceeded USD 38.0 Million in 2022 and is estimated to grow at over 8.7% CAGR between 2022 and 2032.
Plant-based Ham Market Analysis: The plant-based ham market is projected to be valued at US$ 557.92 million in 2023 and is expected to rise to US$ 1,877.2 million by 2033
Plant-Based Meatballs Market Size: The global plant-based meatballs market stands at a valuation of US$ 138.2 million in 2023, and is predicted to expand rapidly at a prodigious CAGR of 18.3% from 2023 to 2033, reaching US$ 391.2 million by 2033.
USA Plant-based Creamers Market Share: The USA plant-based creamers market value is set to increase from US$ 618.5 million in 2023 to US$ 1,601.4 million by 2033.
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 04, 2024