Global Coco Coir Market By Product Type (Brown Fibre, White Fibre, Buffering Coir, and Bristle Coir), Nature (Organic and Conventional), Form (Bales, Blocks, Disks and Coins, Husk Chips, Grow Bags and Open Top and Rope), Source (Green Coconuts and Brown Coconuts), Application (Coir Pith, Coir Fibre, Tufted Mats, Handloom Mats, Curled Coir and Coir Yarn, Geo-Textiles and Others), End User Industry (Packaging, Bedding and Flooring, Agricultural, Automobile, and Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Coco Coir Market
Data Bridge Market Research analyses that the coco coir market will project a compound annual growth rate (CAGR) of 8.20% during the forecast period of 2021-2028. Growth and expansion of upholstery industry, especially in the developing economies, surge in the use of coco coir by a wide range of end user verticals such as packaging, bedding and flooring, agricultural, automobile, and others, and rapidly increasing industry competitiveness are attributable to the growth of coco coir market. This means that the coco coir market value, which was USD 0.5 billion in 2020, will climb up to USD 0.94 billion by the year 2028.
Also known as coconut fibre, coconut coir is extract from the outer surface or shell of a coconut. Coco coir is a stiff and coarse natural fibre. Coco coir is a flexible natural yarn, and white and brown fibres are the two common types of them.
Rising awareness and demand for eco-friendly products with lightweight properties will emerge as the major factor fostering the growth of the coco coir market. Rising awareness about the beneficial properties of coco coir such as high durability, high absorbency and ability to control soil erosion are other factors fostering the growth of coco coir market. Growth and expansion of interior design industry, especially in the developing economies, coupled with increasing personal disposable income, will further create lucrative and remunerative growth opportunities for the coco coir market. Rising industrialization and globalization will also carve the way for the growth of the coco coir market.
However, the use of synthetic based products will pose a major challenge to the growth of coco coir market. Also, requirement of huge expenditure for research and development activities will further slowdown the oilfield biocides market growth rate.
This coco coir market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on coco coir market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Coco Coir Market Scope and Market Size
The global coco coir market is segmented on the basis of product type, nature, form, source, application and end user industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the product type, the coco coir market is segmented into brown fibre, white fibre, buffering coir, and bristle coir.
- Based on the nature, the coco coir market is segmented into organic and conventional.
- Based on the form, the coco coir market is segmented into bales, blocks, disks and coins, husk chips, grow bags and open top and rope.
- Based on the source, the coco coir market is segmented into green coconuts and brown coconuts.
- Based on the application, the coco coir market is segmented into coir pith, coir fibre, tufted mats, handloom mats, curled coir and coir yarn geo-textiles and others.
- Based on the end user industry, the coco coir market is segmented into packaging, bedding and flooring, agricultural, automobile, and others.
Coco Coir Market Country Level Analysis
The global coco coir market is analyses and market size, volume information is provided by country by product type, nature, form, source, application and end-user industry as referenced above.
The countries covered in the coco coir market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Europe dominates the coco coir market and will continue to flourish its dominance during the forecast period owing to the rising demand for hydroponics and horticulture applications. Asia-Pacific region is undergoing substantial gains, and the region is set to project the highest CAGR for the forecast period owing to the growing coir fibre production of coir fibre products.
The country section of the coco coir market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Coco Coir Market Share Analysis
The global coco coir 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 the coco coir market.
The major players covered in the coco coir market report are Pilipinas Ecofiber Corp., Universal Coco Indonesia, FibreDust LLC, Pelemix Ltd., Argo Real Estate LLC., Selvam Coco Tech, smscoco.com, RA Coir Exports., Kumaran Fibres, Allwin Coir., Vaighai Group, Thiraviyam Coco Products, Nature’s Bounty., Nelsun Coir (P) ltd, SJC, Eco Coir World, Thuran Coir Mills, Srimathi Exports, Natural Coir Industries and King Hydroponics among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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