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Increased production of spun yarn to fuel Cellulose Fiber Market forecast

Author : Ravi Chawat | Published Date : 2020-09-14 

Rapid growth in the apparel and textile industries will be a prime factor fostering global cellulose fiber market share over the forecast timeframe. The plant based pulps produce artificial cellulose fibers that are immensely used in textile sectors to manufacture apparels.

Rapid increase in the population and rising disposable income at hand has resulted in the significant growth in the GDP which has led to the production of cost efficient as well as better quality textiles, with the constant upgrades in fashion styles. Global textile and apparel market size had reached more than USD 1 trillion in the year 2015 and has been expected to exhibit substantial growth prospects over the study period.

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Listed below are few trends expected to have an influence over cellulose fiber industry outlook in the coming years:

1)            High availability of cellulose rich plants

The manufacturing of cellulose fibers is executed from the dissolving pulp produced from the cellulose rich plants like flax, jute, hemp, bamboo and cotton. Large availability of these plants will help stimulate the cellulose fiber market share between 2016-2024.

Global cotton production accounted for more than 20 million tons in the year 2015 with China and India producing more than 10 million tons. Cotton plants tend to hold nearly 90% of cellulose content in them.

The product value chain harbors large number of pulp companies to supply raw materials. Numerous sources across the globe produced more than 7 million tons of dissolving pulp in 2015. China held nearly 20% of the total produced share.

2)            Rising demand for fashionable clothing

Surge in the awareness pertaining to fashion with the rising income at hand is slated to drive the business growth over the study period.  Cellulose fiber industry size from the spurn yarn applications produced more than USD 2 billion of revenue share in 2015 and is expected to grow due to the rising demand of embroidery and knitted clothing.

Increasing applications of cellulose fibers in clothing, yarns, fabrics and several other areas such as adhesives, tapes and sound proofing will fuel product penetration. The clothing application segment is projected to hold more than 60% of total cellulose fiber market share by 2024, while also having recorded a revenue that exceeded USD 10.5 billion in 2015.

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3)            Developing economies in Asia Pacific

Numerous textile manufacturers within the Asia Pacific region will propel the growth of the market by owing to the massive amount of raw materials produced. The availability of labor force across various textile industries will help developing nations like China, India and particular African countries experience a sturdy growth in the coming years. 

APAC cellulose fiber market share was valued at over USD 7 billion in the year 2015 and is slated to reach USD 15 billion by 2024. Rise in the production of ecofriendly cellulose fibers over alternatives based on petrochemicals like polyester and nylon will be another factor that will drive cellulose fiber market size in the projected time period. These fibers are made from pulp of woods, barks and leaves of the cellulose rich crops and happen to be biodegradable, unlike polyester or nylon fibers.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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