- Market Research
- Coir Market Segmented by types such as Organic and Conventional with product types such as White Fiber and Brown Fiber having Forms comprised of Bales, Blocks, Disks and Coins, Husk Chips, Grow Bags and Open Top, Rope with End Users such as Coir Pith, Coir Fiber, Tufted Mats, Handloom Mats, Curled Coir and Coir Yarn and Geo-Textiles
As the world is going green and adopting sustainable methods in all sectors, the 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 environmentally-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, thereby boosting the growth of the coir market.
Coir products are widely applicable due 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., which is prompting more industries to utilize coir and coir products. All these factors are expected to drive the growth of the coir market over the next decade.
Find Out More about the Report Coverage
- FibreDust LLC
- Pelemix Ltd.
- 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
- Eco Coir World
- Thuran Coir Mills
- Boyce Argo
- Srimathi Exports
- Natural Coir Industries
- King Hydroponics
Growing Demand for Hydroponic Vegetables & Fruits Providing Lucrative Opportunity for Coir Market
Hydroponics is an effective way to grow vegetables and fruits such as tomatoes, lettuce, cucumber, and others. The demand for hydroponic tomatoes is increasing rapidly, 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 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. Growing demand for hydroponic fruits and vegetables provides better opportunities for the growth of coir products and the coir market in the future.
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Increasing Demand for Geotextile Products Driving 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.
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.
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North America & Europe Showing Growth Opportunity
The global coir market is expected to exhibit beneficial growth across North America and Europe. The major considerable factor for this is the growing use of nature-friendly products in different end-use industries.
In Europe, the hydroponics concept is increasingly becoming favorable to consumers, which is highly associated with the use of coir pith. American consumers are fascinated with the use of geotextiles, as the demand for eco-friendly products is rising in the country. This is also among the contributing factors for the substantial growth of the coir market in North America.
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COVID-19 Impact on Coir Market
The COVID-19 disease outbreak has created an unfortunate impact on the global economy, as every industry is facing undesirable consequences due to this global pandemic. Coir is basically a byproduct of coconuts, and as the processing and manufacturing of agricultural products has been hit, it could affect the production of coir.
Moreover, suspended trade activities has also stopped the supply of coir products to Europe and North America where it is majorly being used. South Asian countries account for a major production of coir, and as production has been affected, the coir stock could be disrupted.
Nonetheless, this overall scenario could be for a limited time, as after the pandemic is brought under control, the coir market is projected to grow at a significant rate. Thus, the COVID-19 disease outbreak is expected to have a moderate impact on the global coir market.
The global coir market is expected to exhibit extensive growth during the forecast period of 2020-2030, with North America and Europe offering the most incremental opportunity to the market. With the growing use of coir products in agricultural and horticultural activities, the coir market will face beneficial growth in foreseeable future.
Leading market players such as FibreDust LLC, Pelemix Ltd., Coco Argo, and others are adopting strategies including penetrating the hydroponics market, along with focusing on product diversification regarding coir products. Other strategies adopted by key players are focusing on product customization as per customer demand and increasing the production capacity of coir products.
Key Segments of Global Coir Market
PMR’s report on the global coir market offers information divided into six segments - product type, nature, source, form, end use, and region.
Key Questions Answered in PMR’s Global Coir Market
- Which region will hold the highest market share in the global coir market during the forecast period?
- Which region is experiencing the highest growth (CAGR)?
- Which factors are impacting the global coir market?
- Which are the global trends impacting the coir market?
- What strategies must emerging players adopt to capture opportunities in various regions in the coir market?
- What is the market structure of the global coir market?