Green Textiles Market is Expected to Witness a Substantial Growth Through 2025
Growing environmental
concerns and favourable government regulations are acting as key growth drivers
for global green textiles market.
According
to TechSci Research report, “Global Green Textiles Market
By Type (Organic, Man-Made Fibers, Recycled Fibers, Natural), By Raw Material
(Plastic Waste, PET Bottles, Ground Coffee Beans, Plant Based Sources), By
Application (Apparels, Bags, Sportswear, Recycled Blanket, Accessories, Others),
By Region, Forecast & Opportunities, 2025”, the market is anticipated to undergo
a rapid growth during the forecast period. Key factors propelling the growth of
global green textiles market are growing environmental concerns coupled with rising
trend for organic apparels. Moreover, favorable government regulations
pertaining to the establishment of green textile mills is also serving as a
major growth factor for global green textile market. Apart from this, growing
concern among customers regarding the need to protect the environment is
pushing textile manufactures to promote their goods or services with
eco-labels. With increasing requirement for sustainability, the global green
textile market is expected to witness lucrative growth opportunities in coming
years.
Additionally, economies are focusing on reducing greenhouse
gases emissions and all other types of environmental pollution which is further
accelerating the growth of global green textile market. The introduction of new
technologies and use of ozone gas for removal of natural and added impurities
are poised to drive the global green textile market growth through 2025.
However, the market is also posed to face some challenges. High cost of
manufacturing and setting up the infrastructure are some key issues faced by
textile industry. Moreover, lack of awareness pertaining to green textiles and
limited availability of essential resources are likely to hinder the growth of
global green textile market.
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Global
green textiles market is segmented based on type, raw material, application,
company and region. Based on raw material, the market can be categorized into plastic
waste, pet bottles, ground coffee beans and plant based sources. Among them,
the plastic waste segment is expected to witness significant growth during the
forecast period owing to increasing focus on reducing and managing plastic
waste.
Based
on application, the global green textile market can be fragmented into
apparels, bags, sportswear, recycled blanket, accessories and others. Among them,
the apparels segment is expected to undergo fastest growth during the forecast
period since the production of apparels is more environmentally friendly. Also,
growing consumer awareness and preference for eco-label clothing is making the
segment a leading one among all other applications.
Major players operating in the global green
textiles market are Super Textile Corporation, The Dow Chemical Company, Dupont
de Nemours, Inc., Go Green Textiles, Fibre2fashion, Elevate Textiles, ShanghaiTex,
Velcro Companies, Climatex and Lenzing. Key growth strategies being undertaken
by leading manufacturers are expansion of textile mills and new product
launches. They are also undergoing mergers & acquisitions and partnerships
in order to strengthen their position in global green textile market.
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“The widespread
adoption of greener technologies in order to address the environmental concerns
in many Asian countries is providing profitable growth opportunities for green
textile manufactures in Asia Pacific region. For instance, Taiwan launched
Green Mark Program in 2018 and India launched similar kind of program to
promote the adoption & sale of green sarees. Moreover, several initiatives
taken by United Nations to curb carbon emission and air pollution are expected
to foster the growth of green textile industry in upcoming years,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Green Textiles Market By Type (Organic,
Man-Made Fibers, Recycled Fibers, Natural), By Raw Material (Plastic Waste, PET
Bottles, Ground Coffee Beans, Plant Based Sources), By Application (Apparels,
Bags, Sportswear, Recycled Blanket, Accessories, Others), By Region, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of green textiles market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global green textiles market.
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