Cellulose Fiber Market Size

Cellulose Fiber Market Size

Cellulose Fiber Market size was over USD 17.5 billion in 2015 and is anticipated to witness a CAGR of more than 9.0%. The industry will be primarily driven by growing global textile and apparel demand encouraged by high disposable income and increasing purchase parity coupled with growing population, regularly changing fashion trend, and enhanced textile quality without any notable rise in the price./p>

Artificially manufactured fibers find extensive application in textile and apparel manufacturing. GDP development in the emerging regions of China, India, Brazil, and African countries has led to a dynamic lifestyle followed by upgraded consumerism by the manufacturers to capture product market. Global apparel business was estimated at more than USD 1 trillion in 2015 and is projected to flourish with rising demand in the forecast period. High number of manufacturers in the demanding regions will likely have a positive influence on the global cellulose fiber market./p>

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Abundant raw material availability, majorly constituting of dissolving pulp from sources including jute, cotton, bamboo, and various others, will also boost the global cellulose fiber market growth in the upcoming years. Dissolving pulp has vast amount of cellulose content and finds extensive use in cellulose fiber production. Cotton, for instance, has close to 90% cellulose and jute has around 60% cellulose content. Global dissolving pulp production capacity was more than 7 million tons in 2015, with China producing close to 20% of the global share. Presence of numerous pulp manufacturers provides a competitive pricing, hence optimizing the production cost of cellulose fibers./p>

Environmental benefits over alternative textile fibers such as polyester or nylon will also have catalytic effect on the market in the next few years. These products are manufactured from plant based raw materials such as pulp obtained from bark, leaves, woods, etc., unlike the petrochemical based nylon alternatives. Hence, they are biodegradable and ecofriendly in nature, providing them a competitive edge over other alternatives. Strict regulations regarding volatile organic compounds (VOCs) are also expected to favor the growth of global cellulose fiber market share in the forecast period./p>

However, growth in cellulose fiber market may be hindered due to the forestry regulations and norms regarding deforestation for wood pulp. Wood pulp price fluctuations because of strict laws in North America and Europe is gradually shifting the focus of global pulp industry towards Asia Pacific and Africa. Also, government initiatives to safeguard the natural forests by controlling the forest productivity and wood output may restrain the availability of wood pulp for manufacturing in the next eight years.