Global Market Study on Coir: Coco Coir to Observe Substantial Demand Growth in Forthcoming Years


Coir  Market
  • Published On : May-2019 |
  • Pages : 240 Pages |
  • Format :

Coir Market: Introduction

The latest market report by PMR on the global coir market evaluates the opportunities and current market scenario, and provides insights and updates about the corresponding segments involved in the global coir market during the forecast period 2019-2029. The global coir market report further exhibits the estimated data for 2019, and forecast data up to 2029 in the terms of value (US$ millions) and volume (Tons).

In terms of value, the global coir market is expected to grow at approximately 4% CAGR over the forecast period. The present study exhibits the trends and market dynamics of the coir market. It includes North America, Latin America, Europe, South Asia, East Asia, Oceania and the Middle East & Africa. The report also includes the study of the current issues with consumers, and various future opportunities for the coir market.

Coir Market: Report Description

The report explores the global coir market for the period 2019–2029. The primary objective of the global coir market report is to provide insights of the opportunities in the market that are consistently supporting the transformation of global businesses that are associated with coir. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global coir market, and to discover equitable opportunities.

Yet another key feature of this report is the estimation of the global coir market and the corresponding revenue forecast carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global coir market.

The global coir market report starts with an elaborate executive summary, market definition of various segmentations that are included, and their respective shares in the market. The report further incorporates the major macro and micro-economic factors that have an effect on the growth of the coir market. The report also highlights various market dynamics, which include the drivers and restraints in the global coir market. Current opportunities, as well as on-going trends in the coir market are also discussed in this report.

The report further underlines the study of the present issues with industrial processing, and opportunities for the coir market. It also encompasses a supply chain analysis, which provides a structural view of the overall profitability from the manufacturer to the end user in the coir market. In order to provide users with a clear view of the global coir market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of coir manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global coir market attractiveness analysis by nature, product type, source, form, end use, and region.

To evaluate the overall market size of coir, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes on quantitative evaluation such as market share by nature, product type, source, form, end use, and region. Other qualitative data from primary respondents, which has been consolidated to arrive at clear and accurate market estimations is included.

The market size was benchmarked through data collected through various data sources which include analysis on global coir production, coir trade, production capacity, and key coir products traded. The data is further scrutinized for understanding key categories of coir products produced. In case where data is not available, we have interviewed individuals to understand the scenario. This analysis helps us in deriving base year volume data. Key players are identified based on parameters such as production, revenue, business presence, and strategic developments.

Coir Market: Competition Analysis

Detailed profiles of companies that manufacture coir are included in the report to analyze their developmental strategies, key product offerings, and recent developments. Key companies in the global coir market include FiberDust LLC, Pelemix LTD, Coco Agro, Selvam Coco Tech, SMS Exporter, S V Coir, R.A Coir Export, Allwin Coir, Vaighai Agro Products Limited, Thiraviyam Coco Products, Nature's Bounty PLC, Kumaran Fibres, Nelsun Coir (P) ltd, SIVANTHI JOE COIRS, Duinkop, Thuran Coir Mills, Boyce Agro, Eco Coir World, Srimathi Exports, Natural Coir Industries, and King Hydroponics.

Coir Market: Segmentation

The subsequent sections analyze the global coir market on the basis of nature, product type, source, form, end use, and region to present a forecast for the period 2019–2029. The market is segmented as follows:

On the basis of product type, the global coir market has been segmented as –

  • White Fiber
  • Brown Fiber

On the basis of nature, the global coir market has been segmented as –

  • Organic
  • Conventional

On the basis of the source, the global coir market has been segmented as –

  • Green Coconut
  • Brown Coconut

On the basis of form, the global coir market has been segmented as-

  • Bales
  • Blocks
  • Disk & Coins
  • Husk Chips
  • Grow Bags & Open Tops
  • Ropes 

On the basis of end use, the global coir market has been segmented as-

  • Coir Pith
  • Coir Fiber
  • Tufted Mats
  • Handloom Mats
  • Curled Coir & Coir Yarn
  • Geotextiles
  • Others

On the basis of region, global coir market has been segmented as-

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

PMR Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for deducing the data that is included in this report. A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, Latin America, and Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include,

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Analysis      

Coir is a coarse and short fiber, which is extracted from coconut husk, the outer shell of a coconut. Coir products are used in a variety of industries such as upholstery, agriculture, horticulture, hydroponics, geo-textile, etc. Consumers are moving towards the utilization of eco-friendly products, which drives the market for coir products. In developed regions such as Europe and North America, where hydroponics industry is trending, the demand for coir pith is increasing due to its extraordinary properties as a soil-less growing media.

Coir products are widely applicable owing to their advanced properties such as high water absorption, high durability, soil erosion control capacity, etc. Traditionally, coir fiber had been used in the making of coir rope, twines, brooms, brushes, doormats, rugs, and others. After the discovery of the usage of coir pith, a dust product of coir, coir usage has increased in agriculture, horticulture, and hydroponics industries. Coir is further modified into different types of products, which are coir fiber, coir pith, coir yarn, coir pith block, coir rope, bales, etc. that is prompting more industries to utilize coir and coir products. Coir use for different applications is creating more demand for coir products, and is one of the driving factors for the coir market growth.

coir market

The growing demand for eco-friendly products among consumers is expected to drive the growth of the coir market

As the world is going green and adopting sustainable methods, utilization of eco-friendly products has increased. Coir and coir products are prominent examples of eco-friendly products. Coir pith can be used as a substitute for peat moss and coir fiber for wood. Rubberized coir is also frequently utilized in the automobile industry due to its environment-friendly properties. Coir is a 100% natural and organic resource, which does not harm the environment and is also available at a low cost. Global concerns over sustainability and environment protection are increasing the usage of eco-friendly products, which are also creating more demand for coir products.

Growing demand for hydroponic vegetables and fruits is providing a lucrative opportunity for the coir market

Hydroponics is an effective way to grow vegetables and fruits such as tomato, lettuce, cucumber, and others. The demand for hydroponic tomatoes is increasing as they offer more nutritional benefits than soil-grown tomatoes. Hydroponic tomatoes eliminate the variables, which restrain growth such as pH, salinity, disease, and poor drainage. Other hydroponic vegetables such as lettuce and cucumber, offer similar benefits to the consumers. Coir pith is one of the most used growing media for the hydroponics system. Coir pith has properties such as better air-to-water ratio, which helps the crop grow without any restrains. The growing demand for hydroponic fruits and vegetables provides better opportunities for the growth of coir products in the future.

Increasing demand for geotextile products is driving the coir market

Geotextile products are used for controlling soil erosion, increasing soil stability, etc. due to their advanced properties. Geotextiles are utilized in civil engineering, agricultural, and horticulture. Traditionally, synthetic polymers are primarily used for manufacturing geotextiles, but coir has emerged as an eco-friendly and low-cost substitute for these. In horticulture and hydroponics industries, coir geotextiles are suitable for use as they absorb water and control soil erosion. The wide applicability of geotextile products and eco-friendly property of coir geotextiles are promoting the growth of the coir market.

On the basis of product type, the global coir market has been segmented as –

  • White Fiber
  • Brown Fiber

On the basis of nature, the global coir market has been segmented as –

  • Organic
  • Conventional

On the basis of source, the global coir market has been segmented as –

  • Green Coconut
  • Brown Coconut

On the basis of form, the global coir market has been segmented as-

  • Bales
  • Blocks
  • Disk & Coins
  • Husk Chips
  • Grow Bags & Open Tops
  • Ropes

On the basis of end use, the global coir market has been segmented as-

  • Coir Pith
  • Coir Fiber
  • Tufted Mats
  • Handloom Mats
  • Curled Coir & Coir Yarn
  • Geotextiles
  • Others

On the basis of region, the global coir market has been segmented as-

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Companies Profiles

  • FibreDust LLC
  • Coco Argo 
  • Selvam Coco Tech 
  • SMS Exporters
  • S V Coir
  • RA Coir Exports 
  • Kumaran Fibres 
  • Allwin Coir 
  • Vaighai Worldwide 
  • Thiraviyam Coco Products 
  • Nature's Bounty PLC 
  • Nelsun Coir 
  • SIVANTHI JOE COIRS 
  • Duinkop
  • Eco Coir World 
  • Thuran Coir Mills 
  • Boyce Argo 
  • Srimathi Exports 
  • Natural Coir Industries 
  • King Hydroponics
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