Biodegradable fabrics are made from natural fibers such as bamboo, cotton, jute, hemp and linen and breaks down easily when discarded. These fabrics are manufactured using environment-friendly techniques without the use of hazardous chemicals. They are versatile and used in various applications such as clothing, home textiles and hygiene products.

The global biodegradable fabrics market is estimated to be valued at US$ 6.76 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

Rising environmental concerns regarding non-biodegradable materials is the key driver contributing to the growth of the global biodegradable fabrics market. Consumers are increasingly shifting towards sustainable options to reduce environmental footprint. Biodegradable fabrics decompose naturally without releasing toxic elements into the environment. Another factor propelling the market growth is stringent government regulations banning the use of non-biodegradable materials in various countries. For instance, the European Union has prohibited certain single-use plastic items starting July 2022. Such initiatives are supplementing the adoption of biodegradable alternatives including fabrics.

SWOT Analysis
Strength: Global biodegradable fabrics are environment-friendly and help reduce plastic pollution. They decompose naturally without harming the environment. Many governments promote the use of sustainable fabrics which increases the demand. Major brands and retailers have started using biodegradable fabrics for their products which further boost the market growth.

Weakness: Biodegradable fabrics are still more expensive than regular synthetic fabrics which limits widespread adoption. Poor drainage and absorption properties compared to synthetic fabrics is also a drawback. Lack of standardization in production process leads to variation in quality across suppliers.

Opportunity: Rapid growth of textile and fashion industry drives the need for sustainable alternatives. Rise in consumer awareness about reducing carbon footprint increases preference for eco-friendly fabrics. Development of advanced biodegradable materials with improved properties at lower costs can attract more buyers. Growing investment in R&D of innovative biobased technologies is an opportunity.

Threats: Slow economic recovery after pandemic may impact near-term demand growth. Substitute natural fibers and plant-based polymers pose competition. Stringent environmental regulations on production units can increase compliance costs.

Key Takeaways
Global Biodegradable Fabrics Market Demand is expected to witness high growth over the forecast period 2024 to 2031 supported by growing awareness about environmental protection. Key factors driving the demand include rising concern about plastic pollution, surge in adoption of sustainable practices by major brands and retailers, and government incentives promoting eco-friendly alternatives.

The Asia Pacific region currently dominates the market accounting for over 35% share owing to presence of leading textile manufacturing countries and rising middle-class population with changing preferences towards sustainable fashion. China, India, Indonesia holds huge opportunities for market expansion with rapid industrial and economic growth.

Key players operating in the biodegradable fabrics market are EcoBy, EcoSkin, Ananas Anam, Ellen MacArthur Foundation, Desserto, Fruit of the Loom, BASF, Pangaia. Major players are enhancing product portfolio with new material innovations, developing more advanced prototypes with improved properties, and forming collaborations to commercialize viable biodegradable solutions at scale. Capacity expansions particularly in Asia and partnerships with global retailers are key strategies adopted.

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