Coco Coir Market will project a compound annual growth rate (CAGR) of 8.20%, Size, Segments, Key Drivers, Trends Analysis

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.

View Detailed report: https://www.databridgemarketresearch.com/reports/global-coco-coir-market

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.

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.

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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