Global fiber market to grow at 6.05% from 2025-30, synthetic fiber to dominate demand: Study
The global fiber market is projected to increase at a CAGR of 6.05 per cent from 2025-30, says a study by Knowledge Sourcing Intelligence.
Made from either natural or synthetic materials, fibers are thin threads used in the production of fabrics. They are classified into natural fibers and synthetic fibers.
Natural fibers are those that are harvested from plants and animals. These include cotton, silk, jute, animal fur, and hemp. Fibers produced using chemical processes, synthetic fibers include rayon, polyester and acrylic.
Derived from wood pulp, the rayon fiber is similar to natural silk but more cost-effective and can be mixed with either cotton or wool to create diverse fabrics. On the other hand, known for its elasticity, Nylon is a fully synthetic fiber with lightweight nature, and low-maintenance features.
Fast fashion, government policies to drive demand
Growing demand for fibers in the global market is being largely due to increased utilization of synthetic fibers. Another factor is the rise of the fast fashion industry that prioritizes affordable and quick-to-produce garments. Furthermore, government policies supporting synthetic fiber production across the world are also contributing to the market's expansion. For instance, in 2022-23, India’s synthetic fiber exports rose to $5.78 billion, as per a report by India Brand Equity Foundation,
With companies aiming to create new, cost-effective and consumer-friendly fiber materials, investments in research and development are increasing. In May 2024, Indian textile manufacturer, Shahi Exports entered a partnership with a Taiwan-based fabric producer, Little King Global to set up a synthetic fiber processing facility in India focusing on performance fabrics. Similarly, in June 2023, Advansa partnered with Asia Pacific Fibers to introduce Remotion, a premium sport and activewear fiber made entirely from ocean-bound waste like plastic bottles.
Synthetic fibers to dominate demand
The global fiber market is segmented by type into natural fibers, synthetic fibers, regenerated fibers, specialty fibers, and others. Among these, synthetic fibers are projected to dominate due to their cost-effectiveness and production scalability. Unlike natural fibers, which are derived from plants and animals, synthetic fibers are manufactured using chemicals, allowing for higher durability and strength.
These fibers also possess practical advantages such as quick-drying properties and low water absorption. The increasing preference for animal-free products is expected to further propel the growth of synthetic fibers, reducing the market share of natural alternatives.
Asia-Pacific leads global fiber market
One of the largest fabric and fiber exporters, the Asia-Pacific region plays an important role in the global fiber market with countries including India, China, Pakistan, and Bangladesh leading the production of natural fibers such as silk, cotton, and wool.
Alongside Vietnam, these nations are also major hubs for fabric manufacturing and export finished textile products globally. Additionally, government incentives and subsidies for textile exports in countries like India and Bangladesh have stimulated increased production, further driving fiber demand.
Prominent global fiber market include The Fibre Co., Natural Fiber Company, Blu Fiber Company, Camellia Fiber Company, LYCRA, Infinited Fiber, AFRY, Stein Fibers, Secant Group, and Atlantis Fiber.