Global Coir Market Forecast to 2030 - COVID-19 Impact and Analysis By Product Type (Brown Fiber, White Fiber, Buffering Coir, and Bristle Coir); Source (Organic and Conventional); Application (Matting, Netting, Upholstery-mattresses, Agriculture, and Others); End-User (Packaging, Bedding & Flooring, Agricultural, Automobile, and Others); and Geography
Coconut coir or coir, also known as the coconut fiber, is extracted from the outer shell part of a coconut. The coir is mainly stiff in nature, a coarse natural fiber, flexible natural yarn that is extracted from the outer husk of the coconut with the help of machines or manually. Generally, white fibers and brown fibers are two common types of coconut fibers that is extracted from matured coconut shells. These Coirs has the highest concentration of lignin that makes them stronger, but less flexible in comparison to cotton and unsuitable for dyeing. Almost more than 85% of the complete exports are done from India, Sri Lanka and Indonesia region as the main producers, and the rest export are done from Thailand, Philippines and Malaysia. China is still known as major importing country for coir products as its current share in the global market is more than 50% of the world import and still improving though in limited pace.
Coconut coir is considered as eco-friendly product and are best in use for hydroponic and horticultural applications, due to several features such as it absorbs water which make it best in use for hydroponic and horticultural. Rise in demand of eco-friendly products with lightweight properties coupled with increase upholstery industry is driving growth of the coconut coir market globally during the forecast period (2021-2030). The increase in demand for hydroponics and horticulture application, as coir is used to control soil erosion is likely to provide new opportunities for the coir market globally during the forecast period (2021-2030). Various regions such as Asia-Pacific and Europe are gaining more attention towards coir fiber production of coir fiber products such as rugs, mats, coir pith, and others which is likely to offer new opportunities for coir market globally during the forecast period (2021-2030). Furthermore, government across several regions are focusing on increasing investment to expand their coconut operations as a strategic plan for developing coconut industry in these region, which is also serving in growth of the coconut coir market globally during the forecast period from 2021 to 2030.
· Rising Demand of Eco-Friendly Products
Consumer demand for eco-friendly products is transforming the supply chain. Eco-friendly products are gaining demand globally due to several features such as they ensure efficiency by using non-harmful materials without sacrificing quality. Thus, the demand for ecofriendly products is rapidly booming, which is likely to boom the coir market globally during forecast period (2021-2030). Also, rise in demand of hydroponics and horticulture application will offer drive the global coir market during forecast period (2021-2030).
· Increase In Demand Of Hydroponic And Horticultural Applications
Hydroponics is an environment-friendly and profitable technology. This technology is indorsed by the various governments and non-governmental organizations for its benefits in terms of food security which has increase the demand of hydroponic application and is likely to provide a positive contribution to coir market globally during the forecast period. Also, coir enhances air porosity in soils, even when wet, as well as enhancing moisture retention. The coir are easier to re-wet, when it dries out, helping plants recover from dry conditions quicker and requiring less irrigation. These features make coir to be wide used in horticultural application which is likely to boost the coir market globally during the forecast period from 2021-2030.
COVID-19 Impact on Global Coir Market
The COVID-19 pandemic has largely impacted globally since December 2019. According to the latest World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak of the covid-19 pandemic has both advantages and disadvantages in all the sectors. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to a negative impact on the global coir market.
With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:
· Rapid shifts in top 100 companies across each sector
· Growth and decline in each sector due to COVID-19 pandemic
Global Coir Market Strategy
Players operating in the global coir market are mainly focusing on the adoption of various strategies to expand their footprint across the world and taking the initiative for the development of efficient and advanced products.
· In 2020, Kerala State Coir Corporation developed anti-Covid coir mats. These coir mats with its sanitizing solution helps to control the spread of Covid virus indoors through footwear.
· In 2019, Rx Green Technologies, a provider of lab-tested products for cannabis cultivators, introduced CLEAN COCO, its a type of agricultural substrate made from coconut coir.
The global coir market report offers a complete overview of the industry including both qualitative and quantitative information. It offers a complete overview and forecast of the global coir market based on various segments. It also offers market size and forecast estimation from the year 2017 to 2030 with respect to four major regions North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The global coir market by each region is further sub-segmented across respective countries and segments. The global coir market report covers a complete analysis and forecast across all regions along with the current trend and opportunities happening in the region.
The report analyzes aspects that are mainly affecting the global coir market from both the demand and supply side and afterward estimates market dynamics affecting the global coir market globally over the forecast period i.e., drivers, restraints, opportunities, and future trends. The global coir market report also offers exhaustive PEST analysis for all four regions namely; North America, Europe, APAC, LAMEA after evaluating political, economic, social, and technological factors affecting the global coir market in these regions. This information can help stakeholders to make appropriate decisions before investing. The global coir market report also describes Porters five forces analysis which examines the five forces that make a company competitive while helping identify its strength and weakness. The global coir market analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global coir market.
Global Coir Market Insights
The global coir market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, key financial information, SWOT analysis, NOISE analysis, improvement Venn diagram and strategies, recent developments such as , market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. By examining the data collected from primary and secondary methods, the global coir market report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. The global coir market report also covers the investment pocket analysis for various verticals with respect to the market.
Global Coir Market Segmentation
Market by Product Type
· Brown Fiber
· White Fiber
· Buffering Coir
· Bristle Coir
Global Coir Market by Source Type
Global Coir Market by Application
Global Coir Market by End-User
· Bedding & Flooring
Global Coir Market by Geography
· North America
o Rest of Europe
· Asia-Pacific (APAC)
o South Korea
o Rest of APAC
o Latin America
o Middle East
1. Allwin Coir
2. Benlion Coir Industries
3. Classic Coir
4. Eco Coir World
5. FibreDust LLC
6. Geewin Exim
7. King Hydroponics
8. Kumaran Fibres
9. MS Exporters
10. Natural Coir Industries
11. Nature's Bounty PLC
12. Nelsun Coir (P) ltd
13. Pelemix Ltd.
14. RA Coir Exports
15. Sai Cocopeat Export Private Limited
Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to global coir market. These strategies will help the company to make people more aware of your brand especially by targeting relevant, high-quality audiences for global coir market.
Key Questions Answered
· Several players are operating in the coir market globally. Do you know who is leading the overall global coir market, and what strategies have been adopted by them?
· What are the upcoming trends in the global coir market? What impact would these trends make in the coming years for the global coir market?
Key Benefits For Stakeholders
· This study presents the analytical description of the global coir market analysis along with the current trends and future estimations to describe coming up investment pockets
· The complete global coir market opportunity is resolute by knowing profitable trends to gain a stronger foothold
· The report describes insights associated with key drivers, restraints, and opportunities of the global coir market with thorough impact analysis
· The current global coir market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability
· PEST analysis defines the potency of the consumers and suppliers in the coir industry
· The Porters five forces analysis examines the five forces that makes a company competitive while helping identify its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global coir market
We also offer customized reports as per the requirement of clients to fulfill special requirements. We also provide regional and countries report as well.