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| Lyocell Fabric Market |
Lyocell fabric is a natural cellulosic fiber produced from wood pulp through a closed-loop solvent system, using an organic solvent. These fibers can be easily formed into garments and fabrics, which provide the advantages of natural fabrics such as softness, breathability, and moisture-wicking. The use of Lyocell fabric for apparel and home textiles is gaining popularity owing to its sustainability credentials, as the production process has lower environmental impact. 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 popularity of sustainable fabrics is the major trend fueling the
growth of the Lyocell Fabric Market. Users are increasingly concerned about the
environment and climate change impact of fabrics. Lyocell is a more
eco-friendly option compared to other man-made cellulosic fibers as it uses a
closed-loop production process where solvents are recycled and reused. This
enhances the sustainability profile of Lyocell and makes it appealing for
apparel brands focusing on reducing their environmental footprint. The enhanced
sustainability is raising demand from markets like Europe and North America
where consumers are willing to pay premium prices for greener fabrics. This
increasing demand driven by sustainability is expected to drive the Lyocell
Fabric Market growth over the forecast period.
Segment Analysis
The global lyocell fabric market is segmented based on source into wood pulp
and cotton pulp. The wood pulp segment dominates the market and accounts for
over 70% share due to lower costs compared to cotton pulp. The segment is expected
to retain its dominance during the forecast period.
Key Takeaways
The global Lyocell
Fabric Market Growth is expected
to witness high growth during the forecast period of 2023-2030. Regional
analysis indicates that the Asia Pacific region holds the dominant share
currently and is expected to continue dominating owing to high textile
production and rapidly growing apparel industry in the region, especially in
India and China.
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.
The global lyocell fabric market size in 2023 is estimated to be US$ 1.26 Bn.
Lyocell fabric is gaining popularity as a sustainable alternative to cotton and
viscose fabrics due to its low environmental impact and biodegradability. Its
breathability, soft texture and ability to take dyes well has increased its
uptake in the apparel industry. The apparel segment accounts for over 60% of
lyocell fabric market demand currently.
For more insights, read- https://www.ukwebwire.com/lyocell-fabric-market-trends-size-and-share-analysis/
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