Global Cellulose Fiber Market to Exceed USD 37.28 Bn by 2023, Forecasts MRFR in Its In-Demand Topical Report Available at MarketPublishers.com28 Jun 2017 • by Natalie Aster
LONDON – The global cellulose fiber market has been growing at an immense rate over the past few years. The highest growth rates were registered in the APAC regional market for cellulose fiber, primarily owing to rapidly increasing population number and escalating demand from the textile industry.
Furthermore, the demand for cellulose fiber from the textile industry is rapidly gaining traction in the emerging countries like India and China. India ranks the second global producer of textiles (especially cotton and cellulose fibre) owing to abundant availability of feedstock like jute, cotton, silk and skilled workforce. At present, there is a huge demand for bamboo in India and the global market, therefore the country’s government is taking various initiatives to fill the supply-demand gap in the domestic bamboo market.
As of 2016, the natural cellulose fiber captured the major share (54%) of the overall market, this sector is expected to sustain growth at the highest CAGR through 2023.
By 2023, the value of the world’s cellulose fiber market is anticipated to exceed USD 37.28 billion. Meantime, the biggest regional market, APAC, is expected to cross the value of USD 13.55 billion by 2023.
The in-demand topical report “Global Cellulose Fiber Market – Trends & Forecast, 2016-2023” prepared by MRFR gives in-depth insights into the world’s market landscape and also highlights the actual situation across the key geographical markets. The research report presents an extensive analysis of the market dynamics, examines the major forces driving and restraining growth in the cellulose fiber market, discusses the emerging trends and opportunities, touches upon the major barriers and challenges. Besides, the research report provides relevant info on competitive pressures and leading players, offers insights into business environment, delves into the key market segments and also covers all the important market aspects. Additionally, the research report comprises a comprehensive future outlook for the cellulose fiber market through 2023.
MRFR catalogue includes a full collection of the publisher’s research reports.