Global Coir Market : Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges by 2024

Our latest research report entitled Coir Market (by-products (brown fiber, white fiber, buffering, bristle coir), application (coir fibre, coir pith, coir yarn, curled coir and coir ply boards), processing (upholstery-mattresses, insulation, erosion control, agriculture, netting and matting)) provides complete and deep insights into the market dynamics and growth of Coir. Latest information on market risks, industry chain structure Coir cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Coir growth factors.

The forecast Coir Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Coir on a global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report, the global coir market is projected to grow at a stable CAGR over the forecast period of 2018-2024.

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Growth in the End-User Industries to Promote Growth in the Coir Market

Growing demand for eco-friendly products and lightweight properties of coir drives the growth of the global coir market. As it is a material that occurs in nature it is completely renewable and is therefore considered an excellent choice for environmental sustainability. Growth in the end-user industries and the number of by-products obtained from coir are boosting the growth of the coir market. However, the use of other natural fibers and synthetics are likely to restrain the growth of the coir market. Furthermore, Coir ply has all the properties of phenol-bonded ply with the added strength of fiber-reinforced phenol bonding. This, in turn, is creating several growth opportunities for the key players in the coir market. The government is encouraging private investments in its handloom and coir industries to enhance productivity and maintain the competitive edge. The policy also proposes to introduce power looms to promote state-of-the-art units of international standards.

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Asia Pacific Region to Contribute to Growth in the Global Coir Market

Asia Pacific region is leading the coir market due to the highest production in India and Srilanka. APAC region is followed by North America and Europe. India has made considerable efforts to promote coir industry including establishing an annual International Coir Festival. The efforts support the market expansion for coir and India hopes to further increase production by streamlining the fiber collection process to meet demand. Mainly the coastal region of India, produces around 60% of the total world supply of white coir fiber, whereas Sri Lanka produces around 36% of the total world brown fiber output. On the other hand, Coconuts are grown in more than 93 countries in the world and therefore there is considerable scope to develop coir industry in further countries.

Kerala’s Product Diversification, Modernization give India’s Coir Industry the Winning Touch

In March 2016-In the eloquent narrative of natural fibers, none is knottier than coir, the golden thread made from coconut husk. While its richer cousins like cotton, hemp, and flax have flourished over time, coir has stayed several steps behind, slowly spinning a story of struggle and survival.

Thanks to a series of measures by Government, Kerala is the world leader in the coir sector, that is just about to change. On the agenda is a spread of new products and even newer machines to make the yarn. The finer details of the spread might create the best mats the world has ever seen and could change the character of the coir industry in the coming years.

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