Coco Coir Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Coco coir, also termed coco fiber, is extracted from the coco's outer shell. Brown fibers and white fibers are the two common types of coco fibers extracted from matured coco shells. Coir has the highest lignin concentration, making it more robust but less flexible than cotton and unsuitable for dyeing and is considered an eco-friendly product suitable for hydroponic and horticultural applications, as it absorbs water.

MARKET DYNAMICS

A surge in demand for eco-friendly products with lightweight properties coupled with the expansion of the upholstery industry is the key factor driving the global coco coir market's growth. Also, multiple benefits offered by using coco coir in agriculture, such as high moisture content and balanced carbon to nitrogen ratio, have boosted its demand, thereby augmenting the coco coir market growth. Besides, many of the companies have adopted the concept of cleaner production to cater to consumers' needs. Hence, consumers' inclination toward eco-friendly products is playing a vital role in the growth of the global market. However, the use of synthetic-based products is the primary factor hindering the development of the global coco coir market during the forecast period.

MARKET SCOPE

The "Global Coco Coir Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the coco coir market with detailed market segmentation by product and application. The global coco coir market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coco coir market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global coco coir market is segmented into product and application. By product, the coco coir market is classified into Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends & Loose Substrate, Others. By application, the coco coir market is classified into Rope & Cordage, Coco Nets & Twines, Stitched Mats, Coconut Meals, Husk, Others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global coco coir market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The coco coir market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the coco coir market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the coco coir market in these regions.

MARKET PLAYERS

The report covers vital developments in the coco coir market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the coco coir market are anticipated to lucrative growth opportunities in the future with the rising demand for coco coir in the global market. Below mentioned is the list of few companies engaged in the coco coir market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coco coir market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Pilipinas Ecofiber Corporation
  
•   Universal Coco Indonesia
  
•   Lima Group
  
•   Pelemix Ltd.
  
•   Consarc Pvt Ltd.
  
•   Bali Coco Fiber
  
•   Coco Green Pvt Ltd.
  
•   Lanka Coco Products.
  
•   Benlion Coir Industries
  
•   Allwin Coir
  
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Coco Coir Report Scope