Cellulose Fiber Market Dynamics 2021-2031
The Cellulose Fiber Market size is projected to reach US$ 47.51 billion by 2031 from US$ 26.26 billion in 2023. The market is expected to register a CAGR of 7.7% in 2023–2031. Development of nanocellulose and growing circular economy initiatives, are likely to remain key cellulose fiber market trends.
Cellulose Fiber Market Analysis
Cellulose fibers are derived from plant stems called bast fibers. Cellulose fibers can be obtained naturally or synthetically. Growing demand for technical textiles and the adoption of cellulose fibers in medical applications drives the cellulose fiber market. Technical textiles are explicitly produced to serve a defined purpose and incorporate physical properties. Technical textiles are divided into several categories: protective textiles, sports textiles, transportation textiles, and medical and industrial textiles. Emerging environmental concerns have encouraged sustainable approaches throughout the technical textile supply chain. In 2021, the Production-Linked Incentive (PLI) scheme was announced by the government of India, worth US$ 1.44 billion, for man-made fibers and technical textiles manufacturing over five years. The significant transition towards sustainable production and textiles further drives the market.
Cellulose Fiber Market Overview
Cellulose fiber is a natural fiber derived from cellulose, which is a complex carbohydrate. Natural cellulose fibers include cotton, linen, hemp, jute, kenaf, and bamboo. Regenerated cellulose fibers are produced by chemically dissolving and regenerating cellulose into fibers. The physical and chemical properties of natural and regenerated fibers vary depending on the source of cellulose and the regeneration process. Some common regenerated cellulose fibers include rayon, lyocell, modal, Tencel, and viscose. Cellulose fiber offers many properties, such as softness, absorbency, durability, versatility, and sustainability. Cellulosic fibers are key components of fabrics like cotton, linen, and rayon. These fibers are known for their breathability, moisture-wicking properties, and comfort, making them suitable for clothing and bed linen
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Cellulose Fiber Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cellulose Fiber Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Cellulose Fiber Market Drivers and Opportunities
Growing Textile Industry to Favor Market
The textile industry has benefitted from globalization with the ability to source raw materials and labor from different parts of the world. This has further led to increased production capacity and cost efficiencies. Advancements in textile manufacturing technologies, such as automation and digital printing, have improved efficiency and product quality. These innovations have also led to the development of smart textiles and functional fabrics. Growing awareness of environmental issues has driven the adoption of sustainable practices in the textile industry. According to a report published by the European Commission in 2021, venture capital investment in advanced technologies has increased in the French textile industry. France is among the top 3 textile manufacturers in the EU, representing ~10% of EU turnover. The growing textile industry across the world is a major driver of global cellulose fiber market share.
Demand for Nonwoven Fabrics – An Opportunity in Cellulose Fiber Market
Cellulose fibers can be used to make nonwoven products such as wet wipes, disposable diapers, and medical dressings. Cellulosic fibers are also the primary raw material in paper production. In the form of filter paper, cellulosic fibers are used in applications like laboratory filtration and industrial filtration processes. In 2021, Production-Linked Incentive scheme was announced by the government of India, worth US$ 1.44 billion for man-made fibers and technical textiles manufacturing over a five-year period. In 2021, Welspun India introduced Wel-Trak 2.0, a patented end-to-end traceability technology to track textile raw materials throughout the supply chain. The demand for nonwoven fabrics is expected to have a positive impact on the cellulose fiber market.
Cellulose Fiber Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cellulose fiber market analysis are fiber type, and application.
- Based on fiber type, the cellulose fiber market is divided into natural, and regenerated. Natural segment held a larger market share in 2023.
- By application, the market is segmented into apparel, home textile, industrial, and others. The apparel segment held the largest share of the market in 2023.
Cellulose Fiber Market Share Analysis by Geography
The geographic scope of the cellulose fiber market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Asia Pacific has dominated the cellulose fiber market. China and India are amongst the major global textile economies. Asia Pacific marks the presence of the largest and most competitive textile industries in the world. This drives the demand for cellulose fibers used in making cotton, jute, linen, and rayon textiles. Asia Pacific is also home to a high number of small and medium-sized fabric manufacturers. According to the Chinese government report, China exported the equivalent of US$ 293.6 billion worth of textiles and apparel in 2023. Thus, the region represents a market of opportunities due to rising demand for textiles and personal care products.
Cellulose Fiber Market Report Scope
Cellulose Fiber Market News and Recent Developments
The cellulose fiber market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion and strategies:
- In November 2023, SaXcell BV signed a Memorandum of Understanding (MoU) with the Birla Cellulose, for production of recycled man-made cellulosic fibers. (Source: Birla Cellulose, Press Release)
- In July 2021, Lenzing AG collaborated with Orange Fiber, to launch the TENCEL branded lyocell fiber made of orange pulp and wood sources – presenting a new sustainable offering for the fashion industry. (Source: Lenzing AG, Press Release)
- In December 2019, Lenzing AG introduced performance fabric made with 100% cellulose fibers. The company collaborated with FLOCUS, Marchi & Fildi, Studio MLR, and PYRATEX® on a new sustainable fabric design (Source: Lenzing AG, Press Release)
Cellulose Fiber Market Report Coverage and Deliverables
The “Cellulose Fiber Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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