Eco Fiber Market Size Is Expected To Reach USD 69.0 Billion By 2025 : Grand View Research Inc.
San Francisco, 1 October 2019: The Report Eco Fiber Market Size, Share & Trends Analysis By Product (Organic, Regenerated, Recycled, Natural), By Application (Textiles, Household, Industrial, Medical), By Region, And Segment Forecasts, 2019 – 2025 The global eco fibers market size is expected to reach USD 69.0 billion by 2025, as per a new report by Grand View Research Inc. expanding at a CAGR of 9.2% over the forecast period. Rapidly growing online fashion retail, rising disposable income, and development of high-quality innovative fabrics are some of the key factors expected to aid the industry growth over the forecast period. The industry has observed a highly labor-intensive value chain, where labor cost plays a crucial role from farming to fabric processing. Manufacturers are shifting their focus to establish cost-effective structure by achieving economies of scale, which is expected to lead to heavy reliance on machinery and equipment. Eco fibers are rapidly gaini