Plant Based Textile Fibres Market Report

Plant based textile fibres are becoming increasingly popular in designer clothes and apparel. Ongoing advances in the development of plant based textile fibres with antimicrobial, hypoallergenic, insulating, UV resistant, highly breathable and absorbent properties are expected to increase their importance in the clothing market. In recent years, there has been a revolution in sustainable apparel due to increased awareness of ethically manufactured materials. Owing to their durability, plant based textile fibres such as hemp, jute, sisal, kenaf, banana and ramie are replacing synthetic fibres in an increasing number of fibre-reinforced plastics. Growing awareness about the harmful environmental effects of synthetic fibres has been a major element contributing to the increased demand for plant based textile fibres in recent years.

The market expansion of plant based textile fibres is likely to be restricted by the fluctuation of raw material prices. The most significant challenge to the market's expansion will be high inventory holding costs, trans-Pacific partnerships, sustaining quality across a variety of channels along with direct government assistance to raw material producers. The increased usage of polyester, acrylic fibres and viscose for clothing applications is anticipated to hamper the growth of plant based textile fibres market.

The increased popularity of organic cotton as a plant based textile fibre is expected to drive the market. Producers are increasingly choosing organic cotton as it doesn't harm surface water, land or air. Researchers, producers, entrepreneurs and consumers all play an important role in combating the harmful consequences of fashion pollution by developing and using plant based textile fibres and changing the perception of textiles and apparel as disposable products. Ananas Anam, the company that produces the material Piñatex, which is made of fibres from pineapple leaves was granted B Corp certification in 2020. The Fibral Material Alliance was established in 2022 by Ananas Anam, Bananatex, Regenerate Fashion and Circular Systems, three plant based textile companies.

The global alliance was created in response to the environmental crisis the textile industry is experiencing. The partnership intends to unite businesses and individuals engaged in the development of both conventional and innovative plant based textile fibres. Norratex, a new plant based textile fibre successfully spun by the start-up company Nordic Bioproducts, in 2022 and is produced without the use of harmful chemicals or expensive solvents. The producer of biotech-based vegan silk, AMSilk, has announced a partnership with BRAIN Biotech, a pioneer in creating and manufacturing biobased goods and solutions in Feb 2023, to create high-performance plant based textile fibres for textiles and other applications.

The market for plant based textile fibres in the United States is anticipated to increase significantly throughout the forecast period. After China, India and Germany, the United States has one of the major textile industries in the world. The country's textile companies are focusing on restructuring their businesses, implementing efficient work procedures and investing in specialty products and markets, which has shown to be beneficial to the growth of the plant based textile fibres market. Reusing and reprocessing discarded textiles and fibre materials has grown in popularity in recent years.

As a result, the textile production chain has become more sustainable. Due to the low production costs and less severe regulations in the region, consumers in Asia Pacific are increasingly using recycled fibres. Furthermore, the growing use of handbags, clothing accessories, and apparel is likely to boost demand for plant based textile fibres in fashion and clothing applications in the coming years. Over the forecast period, the market is expected to grow owing to increasing demand for clothes and an increased need for sustainable textiles.