by Biodegradable fabrics are manufactured using natural and plant-based fibers that decompose without harming the environment. These fabrics are used to make clothing, home textiles, hygiene products and more. Fabrics made from cotton, bamboo, soy, hemp and other natural materials continue to grow in popularity as they can reduce waste and carbon emissions. The need to promote sustainable fashion and eco-friendly alternatives to synthetic fabrics is driving many clothing brands and textile manufacturers to integrate biodegradable materials into their product lines.
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 key trends:
The rise of sustainability in the textiles industry coupled with growing environmental awareness among consumers is a major trend fueling the demand for biodegradable fabrics. Rising ocean plastic pollution has highlighted the urgent need to reduce reliance on plastic-based synthetic fibers that persist in the environment for centuries. Many global apparel brands have adopted sustainable material sourcing goals to integrate more eco-friendly materials by certain target years. Innovation in fiber technology is also allowing biodegradable materials to mimic the look and feel of conventional synthetic fabrics, making them more commercially viable for varied applications. However, higher costs remain a challenge for wider adoption of biodegradable alternatives.
Porter’s Analysis
Threat of new entrants: Low capital requirements and established distribution channels lower barriers to entry in the biodegradable fabrics market. However, existing players have established brand loyalty and economies of scale.
Bargaining power of buyers: Large buyers in the textile industry have significant bargaining power due to the ability to negotiate lower prices and demand high quality and reliable service.
Bargaining power of suppliers: A few large suppliers of raw materials like cotton and viscose control supply in the biodegradable fabrics market, giving them influence over prices.
Threat of new substitutes: New eco-friendly materials that have superior properties continue to emerge as substitutes. However, substitutes have yet to match biodegradable fabrics’ renewability.
Competitive rivalry: The global biodegradable fabrics market is consolidated with a mix of global and regional players. Intense competition exists based on innovation, sustainability credentials, and pricing.
Key Takeaways
Global Biodegradable Fabrics Market Demand is expected to witness high growth over the forecast period supported by rising awareness of sustainable fashion and regulations banning single-use plastics.
Regional analysis: Asia Pacific dominates the global market and is expected to grow at the fastest rate during the forecast period. Countries like India and China have a well-established textile industry and growing middle-class driving demand. Furthermore, governments actively promote biodegradable alternatives.
Key players: 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. These companies have wide product portfolios and market presence. New product innovation, partnerships, and sustainability goals will help them enhance market share.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
