Biofiber Market Report 2024 (Global Edition)

Global Biofiber Market Report 2024 Market Size Split by Product (Crops Biofiber, Recycled Wood Biofiber, Water Paper Biofiber, Other), by Type (Bioenergy, Biosourced Chemicals, Biosourced Materials), ...

Biofiber Market Report Description

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Biofiber Market Insights Video

Competitive Landscape of the Biofiber Market

The competitive landscape of the Biofiber market is characterized by the presence of key players such as UPM-Kymmene Corporation, Stora Enso Oyj, and International Paper Company. These companies compete based on factors like product innovation, quality, sustainability, and pricing. Additionally, strategic initiatives such as mergers & acquisitions, partnerships, and investments in research and development are employed to gain a competitive edge. The market is dynamic, with companies continually focusing on sustainability and technological advancements to meet evolving consumer demands.

December 2022: The Lenzing Group and Renewcell, a pioneering Swedish company in textile-to-textile recycling, have entered into a multi-year supply agreement. Their collaboration aims to expedite the shift of the textile industry towards a circular business model.

(Source: https://www.renewcell.com/en/lenzing-and-renewcell-sign-large-scale-supply-agreement-further-closing-the-loop-in-fashion/ )

Top Companies Market Share in Biofiber Industry: (In no particular order of Rank)

• UPM-Kymmene Corporation (Finland)
• Stora Enso Oyj (Finland)
• International Paper Company (United States)
• Domtar Corporation (Canada)
• Fibria Celulose S/A (Brazil)
• Sappi Limited (South Africa)
• Metsä Group (Finland)
• Rayonier Advanced Materials Inc. (United States)
• Mondi Group (United Kingdom)
• West Fraser Timber Co. Ltd. (Canada)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Biofiber Market

Which Region Dominates the Biofiber Market in 2024?

According to Cognitive Market Research, North America commands the largest market share in the Biofiber market due to several factors. The region boasts a robust industrial sector with significant investments in sustainable technologies and practices. Additionally, stringent environmental regulations and increasing consumer awareness drive demand for eco-friendly alternatives. Moreover, key players like International Paper Company and Domtar Corporation are headquartered in North America, contributing to the region's dominance in the Biofiber market.

Which Region is Expanding at the Fastest CAGR?

A The Asia Pacific region is experiencing the fastest Compound Annual Growth Rate (CAGR) in the Biofiber market due to several factors. Rapid industrialization, urbanization, and population growth in countries like China, India, and Southeast Asian nations drive increased demand for sustainable materials. Additionally, government initiatives promoting environmental sustainability and technological advancements in biofiber production further stimulate market growth. Furthermore, rising disposable incomes and changing consumer preferences towards eco-friendly products contribute to the region's rapid market expansion.

The current report Scope analyzes Biofiber Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Biofiber

According to Cognitive Market Research, the global Biofiber market size was estimated at USD 99581.20 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 39832.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Biofiber market with a market size of USD 31427.83 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. The demand is amplified by the nation's region has a strong industrial base.
• The Canada Biofiber market had a market share of USD 4779.90 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. This is due to robust emphasis on sustainability.
• The Mexico Biofiber market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 3624.76 million in 2024.

Europe Biofiber

According to Cognitive Market Research, the global Biofiber market size was estimated at USD 99581.20 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 29874.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Biofiber market had a market share of USD 5018.89 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. In the UK, Biofiber sales witness an upswing due to region's stringent environmental regulations.
• The France Biofiber market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 2748.44 million in 2024.
• According to Cognitive Market Research, the Germany Biofiber market size was valued at USD 5915.12 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, Biofiber sales surged due to increasing consumer awareness and demand for biodegradable products.
• The Italy Biofiber market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 2569.19 million in 2024.
• The Russia Biofiber market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 4630.53 million in 2024.
• The Spain Biofiber market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 2449.70 million in 2024
• The Luxembourg Biofiber market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 926.11 million in 2024.
• The Portugal Biofiber market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 627.36 million in 2024.
• The Greece Biofiber market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 358.49 million in 2024.
• Rest of Europe's Biofiber market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 4630.53 million in 2024.

Asia Pacific Biofiber

According to Cognitive Market Research, the global Biofiber market size was estimated at USD 99581.20 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 22903.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Biofiber market size was valued at USD 10306.65 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Biofiber sales surge in China due to Rapid industrialization, urbanization, and population growth.
• The Japan Biofiber market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 3160.71 million in 2024.
• The India Biofiber market had a market share of USD 2748.44 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. This is due to sing disposable incomes and changing consumer preferences.
• The South Korea Biofiber market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 2290.37 million in 2024.
• The Australia Biofiber market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 1190.99 million in 2024.
• The South East Asia Biofiber market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 1580.35 million in 2024.
• The Rest of Asia Pacific Biofiber market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 1626.16 million in 2024.

South America Biofiber

According to Cognitive Market Research, the global Biofiber market size was estimated at USD 99581.20 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 4979.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Biofiber market size was valued at USD 2131.04 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. Biofiber sales flourish in Brazil due to region's growing population.
• Argentina Biofiber market had a market share of USD 836.48 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. This is due to growing population and rising disposable incomes.
• Colombia Biofiber market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD 443.14 million in 2024.
• Peru Biofiber market is projected to witness growth at a CAGR of 10.2% during the forecast period with a market size of USD 408.28 million in 2024.
• Chile Biofiber market is projected to witness growth at a CAGR of 10.3% during the forecast period with a market size of USD 358.49 million in 2024.
• The Rest of Latin America Biofiber market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 801.63 million in 2024.

Middle East and Africa Biofiber

According to Cognitive Market Research, the global Biofiber market size was estimated at USD 99581.20 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1991.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.

• The GCC Countries Biofiber market is projected to witness growth at a CAGR of 11.1% during the forecast period with a market size of USD 852.42 million in 2024. Biofiber sales flourish due to region's increasing focus on sustainability.
• The Egypt Biofiber market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 209.12 million in 2024.
• The South Africa Biofiber market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 314.68 million in 2024. Biofiber sales flourish in South Africa due to region's expanding industrial sector.
• The Turkey Biofiber market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 171.28 million in 2024.
• The Nigeria Biofiber market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 209.12 million in 2024.
• The Rest of MEA Biofiber market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 235.01 million in 2024.

Biofiber Market Analysis

How are Segments Performing in the Global Biofiber Market?

Biofiber Market Product Segment Analysis

According to Cognitive Market Research, Crops Biofiber stands out as the dominating category. Crops biofiber products command the largest market share in the Biofiber market due to their versatility, abundance, and renewable nature. Derived from agricultural crops such as hemp, flax, and kenaf, crops biofibers offer a sustainable alternative to traditional materials. They are widely used in industries such as textiles, packaging, automotive, and construction for their biodegradability, low environmental impact, and favorable mechanical properties. The growing demand for eco-friendly materials further drives the dominance of crops biofiber products in the market.

Recycled wood biofiber products are experiencing the highest Compound Annual Growth Rate (CAGR) in the Biofiber market due to several factors. These products offer a sustainable solution by repurposing waste wood materials, reducing the environmental impact of traditional wood processing. Additionally, recycled wood biofibers exhibit properties similar to virgin wood fibers, making them suitable for various applications in the construction, automotive, and packaging industries. The growing emphasis on circular economy principles and waste reduction further drives the demand for recycled wood biofiber products, leading to their rapid market growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Biofiber Industry. Request a Free Sample PDF!

Biofiber Market Type Segment Analysis

According to Cognitive Market Research, the dominating category is Bioenergy. Bioenergy type biofibers have captured the largest market share in the Biofiber market due to their diverse applications and renewable nature. Derived from organic biomass sources such as wood, agricultural residues, and energy crops, bioenergy biofibers are used for producing biofuels, electricity, and heat energy. Their widespread adoption in the energy sector, driven by concerns about climate change and the transition towards renewable energy sources, contributes to their dominance in the Biofiber market.

Biosourced chemicals type products are experiencing the highest Compound Annual Growth Rate (CAGR) in the Biofiber market due to several factors. These products, derived from renewable biomass sources, offer sustainable alternatives to petroleum-based chemicals. They are used in various industries, including textiles, packaging, and automotive, for applications such as adhesives, coatings, and plastics. The growing demand for eco-friendly materials, coupled with regulatory incentives promoting the use of renewable chemicals, drives the rapid market growth of biosourced chemicals type products.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Biofiber Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Cosmetics. Cosmetics application has captured the largest market share in the Biofiber market due to several factors. Biofibers, derived from natural sources such as plants or animals, offer biocompatibility and sustainability, making them ideal for use in cosmetics. These fibers are used in various cosmetic products, including facial masks, wipes, and applicators, as they provide gentle exfoliation, absorbency, and eco-friendly alternatives to synthetic materials. The increasing demand for natural and organic cosmetics further drives the dominance of biofibers in the cosmetics application segment.

The automobile application product segment is experiencing the highest Compound Annual Growth Rate (CAGR) in the Biofiber market due to several factors. Biofibers, derived from renewable sources such as plants or recycled wood, offer lightweight, high-strength, and eco-friendly alternatives to traditional materials in automotive components. With increasing demand for fuel-efficient and environmentally sustainable vehicles, automakers are increasingly incorporating biofiber-reinforced composites in interior and exterior automotive parts, driving the rapid market growth in the automobile application segment.

• Cosmetics
• Automobile
• Aerospace
• Military
• Construction

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

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Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion