by Lyocell fabric, also known as Tencel, is a type of rayon fabric that is produced using an environmentally preferable process with wood pulp from sustainable forests as its raw material. Lyocell fabric is breathable, absorbent and long-lasting. It provides comfort similar to cotton but is more durable and easier to care for. The fabric is often used in apparel, home textiles and other consumer products where soft, durable and environmentally friendly characteristics are desired.
The Global Lyocell Fabric Market is estimated to be valued at US$ 1.26 Bn in 2023 and is expected to exhibit a CAGR of 6.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for sustainable and eco-friendly fabrics is a key trend fueling the growth of the lyocell fabric market. Lyocell production involves dissolving wood pulp using a closed-loop solvent recovery system that reuses its organic solvent. This gives lyocell a significantly lower environmental impact compared to other rayon production processes. The fabric decomposes faster in soil and causes less water pollution. With rising consumer awareness about textile sustainability, many apparel brands are opting for lyocell in their collections catering to environmentally conscious customers. This growing preference for greener fabrics is expected to drive increased demand and production of lyocell over the forecast period.
SWOT Analysis
Strength: Lyocell fabric is made from cellulose extracted from wood pulp or cotton scraps through environment-friendly processes without using harmful chemicals. It is strong, durable, lightweight and highly breathable.
Weakness: Production of lyocell fiber is capital intensive and requires significant investments in equipment and infrastructure. The manufacturing process is complex and requires strict adherence to standards.
Opportunity: Increasing consumer preference for eco-friendly and sustainable fabrics is driving the demand for lyocell fabrics. Also, the rising apparel and textile industry worldwide presents an opportunity for lyocell fabric market players.
Threats: Slow adoption rate in developing nations due to high costs poses challenges. Stringent environmental regulations during production may increase compliance costs.
Key Takeaways
Global Lyocell Fabric Market Demand is expected to witness high growth over the forecast period owing to increasing demand for sustainable and eco-friendly fabrics. Regionally, Asia Pacific dominates the market and is expected to maintain its leading position during the forecast period backed by rapidly expanding apparel and textiles industries in countries such as China and India.
Key players operating in the lyocell fabric market are Sara Swati Engineering Limited, Schoeller Arca TIME Material Handling Solution, Mekins Group, Swift Technoplast Private limited, Doll Plast Pallets, JIT Wood Packaging, LEAP India Pvt. Ltd., Spanco Enterprises, Bharadwaj Packaging Private Limited, Aristoplast Products Pvt. Ltd., B.D. Industries (India) Pvt. Ltd., Total Pack, and DNA Packaging Systems. These key players are focusing on expanding their manufacturing facilities and product portfolios to strengthen their market presence.
The Global lyocell fabric market is expected to witness high growth over the forecast period. Regional analysis shows that Asia Pacific region currently holds the largest share of the Global lyocell fabric market driven by expanding apparel industries in countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
