Biodegradable Fabrics Market Growth Accelerated by Strong Government Support

Biodegradable Fabrics Market


Biodegradable fabrics are made from sustainable and eco-friendly materials that decompose naturally without harming the environment. These fabrics are beneficial as they reduce pollution caused by the disposal of non-biodegradable textiles. Biodegradable fabrics are increasingly being used in various applications like apparel, home textiles, and agricultural fabrics.

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 key trends:
Growing awareness regarding environmental protection and scarcity of landfill space has compelled governments worldwide to implement stringent regulations promoting the use of biodegradable products. Many countries have either banned or levied heavy taxes on non-biodegradable plastics. This strong policy push by regulators is a major factor driving the adoption of biodegradable fabrics. Manufacturers are rapidly launching new product lines made from biodegradable materials in response to regulatory changes and rising customer demand for eco-friendly alternatives. The market trend of growing government support through policies and regulations is significantly accelerating the growth of the global biodegradable fabrics industry.

Segment Analysis
The global biodegradable fabrics market is segmented on the basis of raw material, application and region.

By raw material, cotton segment dominates the global biodegradable fabrics market. This is because cotton is a natural fiber and readily bio-degrades without harming the environment.

By application, bags and clothing together account for more than 60% share of the global biodegradable fabrics market. Growing awareness about plastic pollution is driving the demand for biodegradable bags and clothing.

Key Takeaways
Global Biodegradable Fabrics Market Demand is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis: Asia Pacific dominates the global biodegradable fabrics market with over 35% share. Rapid industrialization and urbanization in countries like India and China is driving the demand for biodegradable fabrics in the region. Further, government initiatives to reduce plastic usage have created a conducive environment for biodegradable fabrics in Asia Pacific.

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., KLS Martin Group. The key players are focusing on production expansion and new product launches to strengthen their market position.

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