Eco Fibers Global Demand is Anticipated to Touch nearly $100 billion by 2030
A new report from Industry Experts Inc, on " Eco Fibers ", reveals that the demand for Eco Fibers is estimated at US$58 billion in 2024 and is projected to reach US$99.5 billion by 2030 at a CAGR of 9.4% between 2024 and 2030. A major trend being observed in Eco Fibers is integration of sensors, electronics and conductive materials, which enable textiles made from them to have sensing capacity and energy harvesting properties, as well as allowing Eco Fibers to be used in wearable technology applications. As a result, the prospects for smart fabrics have gained much traction. Textiles dominate the global market for Eco Fibers and would continue to do so. Consumption of these fibers in making a variety of garments has increased exponentially, especially in the areas of casual and formal wear. Further, a number of prominent fashion houses, such as Patagonia, Pact, Tentree, Reformation, Eileen Fisher, Outerknown, Stella McCartney and Adidas, among others, have adopt...