Last News about Sustainability and Ethical Brands Environment Eco Fibers on the Rise: Report Forecasts $69 Billion by 2025

Eco Fibers on the Rise: Report Forecasts $69 Billion by 2025

Eco Fibers on the Rise: Report Forecasts $69 Billion by 2025

A new report from Grand View Research forecasts that worldwide, the eco fiber market will reach $69.0 billion by 2025 | https://www.grandviewresearch.com/press-release/global-eco-fiber-market |. The report profiles industry leaders, such as Aditya Birla’s Grasim Industries.  
Expansion is expected to occur at a CAGR of more than 9.2%, thanks to a combination of factors. 
The key forces expected to drive this growth include the rise of online fashion retail, a continued worldwide trend toward increased disposable income, and the ongoing creation of high-quality, innovative fabrics. 
Traditionally, one factor limiting growth has been the labor-intensive value chain. Labor costs have played a key role across the value chain, from farming to fabric processing. 
Now, however, manufacturers are adopting new approaches. The industry is becoming more automated and technological, with economies… 
 
Continue reading in SynZenBe | https://www.synzenbe.com/blog/eco-fibers-on-the-rise-report-forecasts-69-billion-by-2025-962/962 |
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