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3. Sateri Group (China) and Lenzing AG (Austria) are Leading Players in the Eco Fibers Market

The Eco Fibers market size is estimated to be USD 52.0 billion in 2022 and is projected to reach USD 78.3 billion by 2027, at a CAGR of 8.5%.

The term "eco fibers" refers to sustainable fibers produced with the least amount of environmental harm using any organic material, a combination of organic or natural material, or recycled material. The main eco-fibers are recycled polyester, recycled nylon, recycled polyester, organic cotton, organic wool, viscose, and lyocell.

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Eco fibers are categorized into organic, regenerate, and recycled fibers. Wool, hemp, flax, and organic cotton are all organic fibers. The most common fiber among these is organic cotton, which is mostly used in the apparel sector. Lyocell and viscose are the two main fibers used in regenerated fibers. Post-consumer and post-industrial waste nylon and polyester fibers are examples of recyclable fibers chemical and mechanical conversion procedures that are eco-friendly and energy-efficient are used to separate these fibers from the waste.

The major function of eco fibers is in the clothing\textile, where it is used in the manufacturing of fabric and yarns that further find their application in applications such as clothing/Textile, household, medical and industrial. Eco fibers are used because they reduce manufacturing costs, have features that are like those of virgin fibers (such as strength, dyeing ease, high moisture recovering capacity, and so on), and, most importantly, are environmentally friendly.

Global players primarily meet the demand for eco fibers from diverse end-use sectors. Grasim Industries Limited (India), Lenzing AG (Austria), Sateri Group (China), Tangshan Sanyou Group Xingda Chemical Fibre Co., Ltd. (China), and US Fibers (US) are a few of the top manufacturers of eco fibers. These industries, along with other local companies, meet the demand for eco-fibers on a global scale.

Sateri Group (China), High-quality fibers like viscose, lyocell, recycled, and non-woven fabrics and yarns are produced by Sateri. The business provides fibers for usage in a variety of end markets, including the textile and apparel, medical, industrial, and other sectors. Using these cellulosic fibers, a wide range of clothing, including shirts, dresses, innerwear, outerwear, etc., can be made. The business has locations throughout Asia, Europe, and the Americas.

Lenzing AG (Austria) is a manufacturer and distributor of eco fibers. The company provide its products to textile and non-woven industries, the packaging industry, the automotive industry, and others. The company has three major business revenue segments Pulp division, Fiber Division, and others. The product portfolio of the company includes Viscose, Lyocell, Modal, and other filament yarns. The company has 8 production sites and 10 planning and sales offices across the globe.

Grasim Industries Limited (India), Producing textiles, chemicals, and other goods is the primary business of Grasim Industries Limited (India), a member of the Aditya Birla Group. This corporation has four operational segments, including cement, financial services, and viscose chemicals. Under its segment for viscose staple fiber, the company manufactures regenerated cellulosic fiber. Viscose fibers can be produced in a total of four production units, whereas viscose filament yarns can be produced in two production units.

Other Companies have initiated following Developments.

• In March 2022, the world’s largest lyocell production plant was opened by Lenzing AG in Thailand. The production capacity of this plant is 100,000 tons.
• In April 2022, The Teijin LTD. has created an excellent-performing eco-friendly staple polyester nanofiber to reinforce rubber used in products like vehicle tyres, hoses, and belts.
• In January 2022, GP Cellulose, LLC., invested USD 80 Million to expand its fluff pulp production capacity.
• In November 2021, Grasim Industries Limited expanded its viscose production capacity by 300 tons per day.
• In February 2021, Lenzing AG introduced new zero-carbon lyocell fibers namely TENCEL and TENCEL REFIBRA, under the brand name of TENCEL.
• In March 2021, Sateri has planned to expand the production capacity by 500,000 tons by 2025.
• In February 2021, Sateri launched its recycled fiber namely FINEX.

Related Reports:

Eco Fibers Market by Type (Regenerated fibers, Recycled fibers, Organic fibers), Application (Textile/Clothing, Household Furnishings, Industrial, Medical), and Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027

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Mr. Aashish Mehra
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