Globally, the thrust on sustainable textile is growing. The sustainable fabrics market is estimated to grow by US $ 22.32 billion from 2022 to 2027, growing at a CAGR of 7.78 per cent.
A report from Technavio Research says that high demand for sustainable fabrics in medical textiles is an impactful driver for the growth of the segment and robust demand for biodegradable and natural fibers is a key trend.
The sustainable fabrics market is fragmented owing to the presence of many global and regional companies.
It also says that Asia–Pacific (APAC) accounts for 41 per cent of the growth of the global market during the forecast period and this region has the largest fashion and apparel industry in the world.
There is a growing market for sustainable fabrics in the region as consumers seek environmentally friendly and ethical clothing options. Furthermore, factors including increasing sales of clothing on online platforms, growing disposable income, and the development of innovative fabrics drive the market growth in APAC during the forecast period.
The report highlights that the market share of the man-made/regenerated segment is significant during the forecast period. These fibres are uniform, soft, and infinitely recyclable. In addition, innovations, including mechanical recycling, chemical recycling, and upcycling, are increasing the availability of regenerated sustainable fabrics, fuelling the growth of this segment, which in turn will drive the market growth during the forecast period.
