Global Biodegradable Fabrics Market is Estimated to Witness High Growth Owing to Opportunity of Better Sustainability

Lucy Kart

Global Biodegradable Fabrics Market is Estimated to Witness High Growth Owing to Opportunity of Better Sustainability

Biodegradable fabrics are manufactured using plant and renewable sources such as bamboo, soy, hemp and other plant-based fibers that break down naturally without harming the environment. These fabrics are known for their comfort, durability and eco-friendly nature. The global biodegradable fabrics market has gained huge traction due to the rising demand for sustainable fabrics across various applications including clothing, home textiles and medical supplies.

The global biodegradable fabrics market is estimated to be valued at US$ 6.76 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The opportunity of better sustainability is driving the global biodegradable fabrics market. Traditional fabrics are made from petroleum-based fibers that are not eco-friendly and their production and disposal harms the environment. However, biodegradable fabrics decompose completely without harming landfills or polluting waterways and soil. They reduce environmental impact and carbon footprint as compared to conventional fabrics. As consumers becoming more aware about environment protection, the demand for sustainable fabrics is increasing rapidly. The biodegradable nature of these fabrics helps in alleviating environmental concerns regarding fabric waste. Hence, the better sustainability offered by biodegradable fabrics as compared to regular fabrics is estimated to foster the market growth over the forecast period.

Porter’s Analysis

Threat of new entrants: Low capital requirements and lack of proprietary technologies result in low barriers for new entrants. However, established brands possess scale advantages and customer loyalty that makes it difficult for new players to gain market share.

Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of various fabric options from different suppliers. However, stringent regulations favor larger buyers.

Bargaining power of suppliers: Fabric suppliers have low-to-moderate bargaining power since raw materials are commoditized and widely available. Established fabric producers possess stronger bargaining abilities.

Threat of new substitutes: Low threat as biodegradable fabrics are differentiated through eco-friendly attributes with no direct synthetic substitutes. Alternative natural fibers offer some substitution.

Competitive rivalry: Intense as major players compete on sustainability & performance. Innovation, certifications and collaborations are key differentiators in the consolidated market.

SWOT Analysis

Strengths: Growing eco-consciousness and stringent regulations favor adoption. Biodegradability improves sustainability.

Weaknesses: High prices compared to synthetics limit widespread use. Limited durability is a concern in some applications.

Opportunities: Rising disposable incomes in developing nations boost markets. New applications in packaging and agriculture present scope.

Threats: Subsidies for synthetic fibers in countries favor their use. Fluctuating raw material costs impact margins.

Key Takeaways

Global Biodegradable Fabrics Market Demand is expected to witness high growth over the forecast period supported by rapid urbanization, rising environmental concerns and favorable regulations mandating green alternatives.

Regional analysis indicates Asia Pacific dominates currently driven by population growth, improving economies and the textile hub of China, India, Bangladesh and Indonesia rapidly adopting sustainable solutions. North America and Europe are also major biodegradable fabric markets backed by strong policy support and developed textile industries.

Key players operating in the global biodegradable fabrics market are Eaton Corporation PLC, Trilux Lighting Ltd., Zumtobel Group AG, Acuity Brands Lighting Inc., Hubbell Incorporated, Herbert Waldmann GmbH & Co. KG, General Electric Company, Cree Inc., Koninklijke Philips N.V. Major players are focusing on new product development, partnerships and mergers for geographic and application expansions to strengthen their positions in this rapidly emerging space.

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Lucy Kart

Global Biodegradable Fabrics Market will grow at highest pace owing to increasing demand

Leena Shedmake 15h

The global biodegradable fabrics market comprises natural and synthetic fabrics that can decompose or break down completely and safely when in contact with microbes, light or moisture. The Global Biodegradable Fabrics Market is estimated to be valued at US$ 5. Key TakeawaysKey players operating in the Global Biodegradable Fabrics Market Demand are Eaton Corporation PLC, Trilux Lighting Ltd. Impact of COVID-19 on Global Biodegradable Fabrics Market GrowthThe COVID-19 pandemic has significantly impacted the growth of the global biodegradable fabrics market. Get more insights on Global Biodegradable Fabrics Market

Global Biodegradable Fabrics Market is Estimated To Witness High Growth Owing To Environmental Consciousness

Anjali CMI 2023-11-01

The Global Biodegradable Fabrics Market is estimated to be valued at US$ 5. With rising environmental concerns, biodegradable fabrics have gained popularity as an eco-friendly alternative to conventional non-biodegradable synthetic fabrics. Porter’s Analysis Threat of new entrants: New companies find it difficult to enter the global biodegradable fabrics market due to high capital requirements and established presence of existing players. Threat of new substitutes: Threat from new substitutes is low as biodegradable fabrics offer unique properties compared to synthetic fabrics. China is the leading producer while India is emerging as major exporter of biodegradable fabrics.

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Global Biodegradable Scaffold Market Is Estimated To Witness High Growth Owing To Rising Demand for Regenerative Medicine

Pooja salve 2023-08-22

The global Biodegradable Scaffold Market is estimated to be valued at US$1. The increasing prevalence of chronic diseases and the growing demand for regenerative medicine are driving the market growth. B) Market Key Trends: One key trend observed in the biodegradable scaffold market is the rising demand for regenerative medicine. D) Key Takeaways: - The Global Biodegradable Scaffold Market Size is expected to witness high growth, exhibiting a CAGR of 18% over the forecast period, due to increasing demand for regenerative medicine. In conclusion, the global biodegradable scaffold market is expected to witness significant growth driven by the rising demand for regenerative medicine.

Biodegradable Packaging : A Environmentally Friendly Alternative To Traditional Packaging

sachin sadgir 2023-04-27

As consumers become more environmentally conscious, businesses that use biodegradable packaging can differentiate themselves from competitors and appeal to environmentally conscious consumers. These include:CostBiodegradable packaging materials can be more expensive than traditional packaging materials. Limited availabilityBiodegradable Packaging materials are not yet widely available, and some materials may be more difficult to source than others. Disposal infrastructureWhile biodegradable packaging can decompose naturally, it still requires appropriate disposal infrastructure to do so. If biodegradable packaging is not disposed of properly, it can still contribute to environmental waste and pollution.

The Global Biodegradable Foam Market Growth Accelerated By Sustainable Packaging Adoption

kiran gire 2024-01-05

The global Biodegradable Foam Market is estimated to be valued at US$ 906. The rapidly growing e-commerce industry is also boosting the demand for biodegradable foam packaging for securing goods during transportation. Segment Analysis Compostable foam segment dominates the biodegradable foam market currently. The global Biodegradable Foam Market is estimated to be valued at US$ 906. Regional analysis Europe currently holds the largest share in the biodegradable foam market owing to strong presence of major manufacturers and favorable regulatory environment supporting bioplastics. BASF SE offers Ecovio, a biodegradable and compostable foam made from renewable resources for various packaging applications.

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