Cellulosic fibre is manufactured from dissolving pulp from cellulose plants such as cotton, wood, bamboo, flax etc. This man-made fibre is highly environment-friendly, versatile, biodegradable, and cost-effective, thus becoming one of the most commonly used materials in the global textile and apparel industry.
According to the latest report from Grand View Research, the global cellulosic fibre market was valued at USD 20.61 billion in 2015, and is expected to reach USD 48.37 billion by 2025, growing at a CAGR of 9.1% from 2016 to 2025. The market is mainly driven by the increasing demand of eco-friendly and biodegradable fibre in the global market. In addition, the rise in textile and apparel industries in developing and emerging countries is also one of the factors to fuel the growth of the global cellulosic fibre market.
The global cellulosic fibre market has witnessed a significant boom over the last decade, mainly caused by increasing usage of viscose rayon staple fibre as both spinning fibre for apparel and in nonwoven end uses. Despite a consecutive decline in market share and volume from the 1990’s, the cellulosic fibre market made a remarkable recovery, doubling consumption in the past decade, reaching 5.2 million tonnes in 2015. The high price of cotton in 2010-11 further boosted the growth of cellulosic fibre usage in the global market. Much of this increased demand has come from China where cellulosic staple mill consumption totaled 0.6 million tonnes in 2000, and increased to 3 million tonnes in 2014.
The production of man-made cellulosic fibres includes the industrial processing of wood pulp derived from botanical sources but the manufacturing of cellulosic fibres needs both mechanical and chemical processing of wood pulp. Some of the most popular man-made cellulosic fibres include viscose, triacetate, and acetate, which are used extensively across fashion and industrial sectors around the world.
Asian countries, including China, India, Japan, South Korea, Pakistan, Taiwan, and Indonesia are the major markets in the world, each witnessing remarkable growth rates in the application of man-made cellulosic fibres. North America & Europe are mature markets and are expected to lead the growth trend over next few years.
Today, the cellulosic fibre market is highly capital intensive and technology-driven. The players present in the market are constantly engaged in the research & development for new products and technology innovations. Fluctuating raw material prices, rigid regulation regarding forestry & environmental and declining cotton production are some of the major challenges faced by the global cellulosic fibre market.
Thousands of the world’s leading textile companies can be in your contact list if you register with BizVibe today! Whether you are looking for reliable suppliers, top textile manufacturers, wholesalers and potential customers in over 70 major countries, or want to find out what your competitors are buying and which suppliers they’re using, BizVibe can help you reach out to sales prospects and decision-makers in the textile industry across the globe.
Register for free now to build your own network of global textile companies on BizVibe