Growing environmental concerns and favorable 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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