Global Coco Coir Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032

Coco Coir Market Size

• The global coco coir market was valued at USD 685.29 million in 2024 and is expected to reach USD 1287.3 million by 2032
• During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 8.20%, primarily driven by the increasing demand for sustainable and organic growing media
• This growth is driven by factors such as the rising popularity of hydroponics and vertical farming, increasing awareness of eco-friendly alternatives to peat moss, and expanding applications of coco coir in horticulture, agriculture, and industrial sectors

Coco Coir Market Analysis

• Coco coir is a versatile and sustainable growing medium derived from coconut husks, widely used in horticulture, hydroponics, and soil conditioning. It is valued for its high water retention, aeration properties, and biodegradability
• The demand for coco coir is significantly driven by the rising preference for organic and sustainable farming practices. With the growing concerns about peat moss depletion, coco coir is emerging as a preferred alternative for growers worldwide
• The Asia-Pacific region stands out as one of the dominant markets for coco coir, primarily due to high coconut production in countries like India, Sri Lanka, Indonesia, and the Philippines 
• For instance, India and Sri Lanka are major exporters of processed coco coir products, supplying global markets with coco peat, grow bags, and coir fibers for agriculture and industrial applications
• Globally, coco coir is gaining traction in hydroponic farming, ranking as a top-choice growing medium due to its ability to support root growth, enhance nutrient absorption, and improve soil structure

Report Scope and Coco Coir Market Segmentation   

Coco Coir Market Trends

“Rising Adoption of Coco Coir in Sustainable Agriculture”

• One prominent trend in the global coco coir market is the growing adoption of coco coir in sustainable agriculture and horticulture
• Coco coir is widely recognized for its eco-friendly properties, as it is a biodegradable, renewable, and peat-free growing medium, making it an ideal choice for environmentally conscious farming practices 
• For instance, coco coir is increasingly being used in hydroponic farming, where it provides optimal aeration, water retention, and root support, ensuring better crop yields compared to traditional soil-based cultivation
• The integration of coco coir in organic farming and greenhouse cultivation is gaining traction, as it helps improve soil structure, enhances microbial activity, and reduces the reliance on synthetic fertilizers
• This trend is revolutionizing the way crops are grown, promoting sustainable agricultural practices while increasing the demand for premium-grade coco coir products in the market

Coco Coir Market Dynamics

Driver

“Growing Demand for Sustainable and Organic Growing Mediums”

• The increasing demand for eco-friendly and sustainable alternatives in agriculture, horticulture, and hydroponics is significantly driving the growth of the coco coir market
• Coco coir, derived from coconut husks, is a renewable and biodegradable growing medium, making it a preferred choice over traditional peat moss and synthetic alternatives
• The global shift towards organic farming and the rising adoption of hydroponics and vertical farming have further boosted the demand for coco coir-based products such as grow mats, coir bricks, and coir pots
• Governments and agricultural organizations worldwide are promoting sustainable farming practices, which has led to increased awareness and adoption of coco coir as a soil conditioner and water-retention agent in dry regions
• The superior water retention, aeration, and nutrient-holding capacity of coco coir enhance plant growth, making it highly suitable for commercial greenhouse farming and home gardening

For instance,

• In March 2023, according to a report by the International Coconut Community (ICC), the global demand for coconut-based products, including coco coir, has surged due to increased awareness of its environmental benefits and its role in sustainable agriculture
• In June 2022, a study published by the Food and Agriculture Organization (FAO) highlighted the growing use of coco coir in arid regions as a water-efficient soil amendment, reducing reliance on chemical fertilizers and improving soil health 
• As sustainability concerns continue to rise, the global demand for coco coir as an eco-friendly growing medium is expected to increase, fueling market expansion in agriculture, horticulture, and hydroponic farming

Opportunity

“Boosting Innovation and Global Trade in the Coco Coir Market”

• The global coco coir market is witnessing robust growth as developing economies leverage coir processing to boost rural employment, promote exports, and enhance value-added production
• Countries with abundant coconut production—such as India, Sri Lanka, Indonesia, and the Philippines—are investing in advanced processing units and coir-based product diversification, including coir yarns, mats, ropes, and composites
• Technological innovation is also improving coir fiber extraction efficiency and enabling the creation of high-strength coir composites for use in packaging, transportation, and green construction

For instance,

• In January 2025, Asia-Pacific Trade Review reported that India’s Ministry of Micro, Small and Medium Enterprises (MSME) launched a coir cluster development program, integrating automation in fiber processing to boost exports and local entrepreneurship
• In November 2023, according to Trade & Fibre Markets, the EU and African Union signed a cooperative agreement to explore coir as a viable substitute for imported synthetic geotextiles in erosion-prone regions, creating new trade and investment channels 
• The global coco coir market is increasingly seen as a catalyst for sustainable economic development, innovation in natural fiber technologies, and diversification of export portfolios—positioning coir as a high-potential material in the green economy

Restraint/Challenge

“Supply Chain Constraints and Fluctuations in Raw Material Availability”

• The coco coir market faces challenges due to supply chain constraints and fluctuations in raw material availability, particularly in regions dependent on coconut production
• Coco coir is primarily sourced from coconut husks, and any disruption in coconut farming—due to climate change, pests, or natural disasters—can impact production volumes and pricing
• Seasonal variations in coconut yields and the time-consuming nature of processing coir fibers add to market constraints, affecting the timely supply of raw materials for various industries

For instance,

• In September 2024, according to a report by the Coconut Development Board of India, erratic monsoon patterns and extreme weather conditions led to a decline in coconut production, causing supply shortages in the coir industry
• In March 2023, a study published by the Philippine Coconut Authority (PCA) highlighted that logistical disruptions and increasing export demand for raw coconut products have created bottlenecks in the supply chain, affecting the global availability of processed coco coir 
• These challenges can result in price volatility, production delays, and restricted market penetration, particularly for industries relying on stable supplies of coco coir for manufacturing eco-friendly products and agricultural applications

Coco Coir Market Scope

The market is segmented on the basis product type, nature, form, source, application, and end user industry.

Coco Coir Market Regional Analysis

“Asia-Pacific is the Dominant Region in the Coco Coir Market”

• Asia-Pacific dominates the coco coir market, driven by abundant coconut production, increasing demand for sustainable growing media, and expanding applications in horticulture, hydroponics, and erosion control
• India and Sri Lanka hold a significant share due to their well-established coconut industries, strong export capabilities, and government initiatives supporting coir-based product development
• The presence of major coco coir manufacturers, along with advancements in processing techniques and product innovation, further strengthens the market in the region
• In addition, the rising global preference for eco-friendly alternatives to peat moss, increasing demand for biodegradable and renewable materials, and growing awareness of sustainable agricultural practices are fueling market expansion across Asia-Pacific

“Asia-Pacific is Projected to Register the Highest Growth Rate”

• The Asia-Pacific region is expected to witness the highest growth rate in the global coco coir market, driven by increasing awareness regarding sustainable and eco-friendly products, along with rising demand from the agriculture, horticulture, and packaging industries
• Countries such as India, Sri Lanka, and the Philippines are emerging as key markets due to their abundant availability of coconut husks and well-established processing industries that cater to both domestic and international demand
• India, as the largest producer of coco coir, continues to dominate the market with strong government support, expanding export activities, and the adoption of modern processing techniques to improve the quality and durability of coir-based products. The country plays a crucial role in supplying coir pith, fiber, and mats for various industrial applications
• Sri Lanka and the Philippines, with their well-developed coir industries, are focusing on high-value applications such as geotextiles, biodegradable packaging, and premium coir-based growing mediums. Increasing investments in automation and research & development are enhancing the global competitiveness of these countries
• The expansion of sustainable farming practices, growing consumer preference for biodegradable materials, and increasing usage of coco coir in hydroponics and soil conditioning further contribute to market growth in the region

Coco Coir Market Share

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

The Major Market Leaders Operating in the Market Are:

• Ecofiber Corp. (Philippines)
• Universal Coco Indonesia (Indonesia)
• FibreDust LLC (U.S.)
• Pelemix Ltd. (Israel)
• Argo Real Estate LLC. (U.K.)
• Selvam Coco Tech (India)
• smscoco.com (SMS Exporters) (India)
• RA Coir Exports (India)
• Kumaran Fibres (India)
• Allwin Coir (India)
• Vaighai Group (India)
• Thiraviyam Coco Products (India)
• Nature’s Bounty (U.S.)
• Nelsun Coir (P) Ltd (India)
• SJC (U.S.)
• Eco Coir World (India)
• Thuran Coir Mills (India)
• Srimathi Exports (India)
• Natural Coir Industries (India)
•  King Hydroponics (India)

Latest Developments in Global Coco Coir Market

• In January 2025, the Ranchi Municipal Corporation (RMC) successfully launched its coir processing project at the Nagababa Khatal vegetable market. This initiative marks a significant advancement in sustainable waste management by converting coconut waste into valuable products like ropes and compost. The project not only addresses environmental concerns but also creates economic opportunities, employing local women from self-help groups
• In May 2022, Danone introduced Alpro, its second dairy-free brand in China after Vega, to capitalize on the growing plant-based food market. The brand includes coconut milk among its product offerings
• In January 2022, Vita Coco partnered with Lyft to provide ride discounts and hydrating coconut water, aiming to help consumers stay hydrated
• In February 2021, PowerPlant Ventures, a Los Angeles-based growth-equity investor, acquired ZICO coconut water from The Coca-Cola Company. This acquisition marked ZICO’s return to independent ownership, aiming to strengthen its position in the growing plant-based beverage market
• In July 2021, Klasmann-Deilmann GmbH formed a strategic joint venture with the Dutch Olde Bolhaar Group, a leading producer of green compost in north-western Europe. This collaboration aims to expand their activities in compost production and establish themselves as a prominent supplier of high-quality green compost and alternative raw materials for substrate production. The joint venture is expected to strengthen their presence in key horticultural markets across the region
• In July 2021, Consarc successfully achieved final acceptance for its latest generation of pressure quench horizontal vacuum heat treatment furnaces at a customer's site. These advanced furnaces are designed for high-performance applications, including aerospace and automotive industries, offering features like rapid quenching, enhanced efficiency, and compliance with stringent standards such as AMS2750E

SKU-63993