The cellulose fiber market share will post an incremental growth of USD 15,353.68 million, progressing at a CAGR of 9.18% during the forecast period. The growing demand from the textile industry will offer immense growth opportunities to market vendors. The market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Cellulose Fiber Market by Application, Type, and Geography - Forecast and Analysis 2023-2027” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The cellulose fiber market is segmented by application (apparel, industrial, hygiene, and others), type (synthetic and natural), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The growth of the cellulose fiber market size in the apparel segment will be significant during the forecast period. APAC is projected to contribute 40% by 2027. The market will witness growth during the forecast period due to the growth of the textile industry in the region.
The growing demand from the textile industry will directly influence the sales of cellulose fiber market. In addition, the replacement of petrochemical fibers is one of the major cellulose fiber market trends that will positively impact the market growth. However, factors such as the stringent standards and guidelines imposed by regulatory bodies will hamper the cellulose fiber market growth.
The market is fragmented due to the presence of several players. Some of the major cellulose fiber market vendors are Aditya Birla Management Corp. Pvt. Ltd., Celanese Corp., Celotech Chemical Co. Ltd., CFF GmbH and Co. KG, Daicel Corp., Eastman Chemical Co., Formosa Plastics Corp., Fulida Group Holding Co. Ltd., Indorama Ventures Public Co. Ltd., International Paper Co., JELU WERK J. Ehrler GmbH and Co. KG, Kelheim Fibers GmbH, Lenzing AG, Mitsubishi Chemical Corp., Rayonier Advanced Materials Inc., RGE Pte Ltd., Sappi Ltd., Sateri Shanghai Ltd., and Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2023-2027.
CAGR of the cellulose fiber market forecast during 2023-2027.
Market-level data on units, average selling prices, and values of the cellulose fiber market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the cellulose fiber market.
Cellulose fiber industry growth across APAC, Europe, North America, Middle East and Africa, and South America.
