Published by Coherent Market Insights
Posted on September 20, 2021
Coconut coir, also called coconut fiber, is extracted from the outer shell of a coconut. It is a stiff, coarse natural fiber, flexible natural yarn that is extracted from the outer husk of the coconut manually or through machines. White fibers and brown fibers are two common types of coconut fibers extracted from matured coconut shells.
Coir has the highest concentration of lignin that makes it stronger, but less flexible compared to cotton and unsuitable for dyeing.
Coconut Coir Market Size Was Valued At $350.70 Million In 2019, And Is Expected To Garner $510.70 Million By 2, Registering A Cagr Of 6.2% From 2020 To 2027
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Market Dynamics:-
Coconut coir is considered eco-friendly product and is suitable for hydroponic and horticultural applications, as it absorbs water. Growing demand for eco-friendly products with lightweight properties coupled with rising upholstery industry is driving growth of the coconut coir market. For instance, according to the Association of Furniture Manufacturers of India (AFMI), the furniture industry in India was valued at US$ 17,922 million in 2015. Furthermore, the residential furniture sector is expected to reach US$ 15 billion by 2020 according to the same source.
Market Outlook:-
Among regions, Europe held a dominant position in the global coconut coir market in 2018. This is attributed to rising demand for hydroponics and horticulture application, as coir is used to control soil erosion. According to Coherent Market Insights, Europe accounted for the highest market share of 36.44%, in terms of revenue, in the global hydroponics market in 2016.
Key Players:-
Key players operating in the global coconut coir market include Geewin Exim, Sai Cocopeat Export Private Limited, MS Exporters, Allwin Coir, Benlion Coir Industries, Travancore Cocotuft, and Classic Coir.
Key Developments:-
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3424
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
The post Coconut Coir Market Size Was Valued At $350.70 Million In 2019, And Is Expected To Garner $510.70 Million By 2, Registering A Cagr Of 6.2% From 2020 To 2027 appeared first on Gatorledger.
Coconut coir, also called coconut fiber, is extracted from the outer shell of a coconut. It is a stiff, coarse natural fiber, flexible natural yarn that is extracted from the outer husk of the coconut manually or through machines. White fibers and brown fibers are two common types of coconut fibers extracted from matured coconut shells.
Coir has the highest concentration of lignin that makes it stronger, but less flexible compared to cotton and unsuitable for dyeing.
Coconut Coir Market Size Was Valued At $350.70 Million In 2019, And Is Expected To Garner $510.70 Million By 2, Registering A Cagr Of 6.2% From 2020 To 2027
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3424
Market Dynamics:-
Coconut coir is considered eco-friendly product and is suitable for hydroponic and horticultural applications, as it absorbs water. Growing demand for eco-friendly products with lightweight properties coupled with rising upholstery industry is driving growth of the coconut coir market. For instance, according to the Association of Furniture Manufacturers of India (AFMI), the furniture industry in India was valued at US$ 17,922 million in 2015. Furthermore, the residential furniture sector is expected to reach US$ 15 billion by 2020 according to the same source.
Market Outlook:-
Among regions, Europe held a dominant position in the global coconut coir market in 2018. This is attributed to rising demand for hydroponics and horticulture application, as coir is used to control soil erosion. According to Coherent Market Insights, Europe accounted for the highest market share of 36.44%, in terms of revenue, in the global hydroponics market in 2016.
Key Players:-
Key players operating in the global coconut coir market include Geewin Exim, Sai Cocopeat Export Private Limited, MS Exporters, Allwin Coir, Benlion Coir Industries, Travancore Cocotuft, and Classic Coir.
Key Developments:-
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3424
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
The post Coconut Coir Market Size Was Valued At $350.70 Million In 2019, And Is Expected To Garner $510.70 Million By 2, Registering A Cagr Of 6.2% From 2020 To 2027 appeared first on Gatorledger.
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