by Biodegradable fabrics are essentially fabrics that decompose into elements found in nature like water, carbon dioxide, and biomass within a short period without leaving any toxic residue. They are manufactured using materials derived from natural sources like wool, cotton, bamboo, jute, flax, etc. or synthesized utilizing polymers obtained from renewable biomass sources. Some common biodegradable fabrics include cotton, rayon, polylactic acid, viscose, lyocell, etc. Majority of conventional fabrics fail to degrade naturally, polluting the environment and clogging landfill sites. The rising consumer awareness towards ecological footprint of textiles is driving demand for greener alternatives like biodegradable fabrics especially in the apparel and home textile industry.
The global biodegradable fabrics market is estimated to be valued at US$ 6.76 Bn in 2024 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 Dynamics:
The global biodegradable fabrics market is expected to be flourished by sustainable apparel industry. The surging popularity of eco-friendly fashion driven by growing environmental consciousness among consumers is a major driver for adoption of biodegradable fabrics. According to various surveys, over 60% of Gen Z and millennial consumers have shown willingness to pay premium for sustainable apparel made using natural and biodegradable materials. In addition, stringent regulations limiting use of plastic-based synthetic fabrics and landfill dumping across regions like Europe and North America are promoting shift towards greener fabrics like PLA fabrics, bamboo fabrics and cotton, thereby fueling market growth over the forecast period. However, high costs associated with biodegradable fabrics as compared to conventional materials may restrain the market to some extent.
Segment Analysis
Biodegradable fabrics can be segmented based on material, into cotton, jute, wool, and bamboo. Cotton dominates the market currently with a share of over 40%, as it is the most widely available natural fiber. It is eco-friendly and easy to grow, making it affordable. Jute is seeing steady demand due to increasing preference for sustainable packaging materials. However, its coarse texture limits direct use in clothing.
PEST Analysis
Political: Governments across regions have implemented regulations promoting use of eco-friendly fabrics to reduce plastic waste. Economic: Increasing disposable incomes in developing nations is driving demand for premium sustainable clothing and textiles. Social: Rising awareness about environmental pollution and consequences of plastic waste is encouraging adoption of biodegradable alternatives. Technological: Advancements in fabric engineering enable blending of natural fibers with synthetic compounds, extending durability while maintaining biodegradability.
Key Takeaways
Global Biodegradable Fabrics Market Demand is expected to witness high growth at a CAGR of 13% during the forecast period of 2024 to 2031.
Regional analysis- Asia Pacific currently dominates with a 40% share led by countries such as India and China where cotton production is widespread.
Key players operating in the 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., and KLS Martin Group. Key players are focusing on R&D to develop innovative fabric blends with enhanced biodegradability and durability.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
