The Global Coco Coir Market size is valued at US$ 370 Million in 2021 and is anticipated to increase at US$ 525 Million by 2027, with a growing CAGR 8.20% of in the next six years.
Coco coir, also known as coconut fiber, is extracted from the outer shell of the coconut, which is a coarse natural fiber, rigid and flexible natural thread that is extracted manually or by machine from the outer shell of the coconut. White fibers and brown fibers are two common types of coconut fibers derived from aged coconut shells. Coir is stronger because it has the highest concentration of lignin, but it is less flexible than cotton and is not suitable for dyeing. White fiber and brown fiber are two common types of coconut fiber that are derived from aged coconut shells. Coco coir is considered an environmentally friendly product suitable for hydroponics and horticulture because it absorbs water. Coco coir products are widely applied due to their advanced properties such as high absorbency, high durability, and ability to control soil erosion. Coco coir are traditionally used for twine, coir string, brushes, brooms, rugs, doormats, and others. Coir is further modified with various types of products, such as coir pith, coir fiber, coir rope, coir pith blocks, coir yarn, bales, etc., encouraging more industries to use Coco coir products.
With the expansion of the interior decoration industry, the demand for eco-friendly products with light characteristics is increasing rapidly and the Coco coir Coco coir market is growing.
Market Size Available
2021 – 2027
2022 - 2027
By Product, Application, Consumer and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
Pilipinas Ecofiber Corporation, Firedust, Lima Group, Universal Coco Indonesia, Coco Green Pvt Ltd, Consarc Pvt Ltd, Pelemix Ltd, Cocofiber, Bali Coco Fiber, Lanka Coco Products and Others.
The growing demand for Coco coir in the agricultural industry, the geotextile industry, and the consumer's propensity for green products are several factors responsible for the Coco coir market growth during the forecast period. With the rise of the upholstery industry and the rising need demand for eco-friendly products with lightweight properties, the market for Coco coir is growing. Coco coir is considered an environmentally friendly product and because it absorbs water, it is suitable for hydroponics and horticulture. Consumers' propensity for organic products is playing an important role in the growth of the Coco coir market. In addition, coconut shells improve drainage of agricultural beds. The main by-product of coconut is the coconut shell from which the Coco coir is extracted. This extraction process produces large amounts of coagulate dust or collateral pieces that have gained considerable traction in the Coco coir market due to its use as a growing medium in horticulture. Therefore, the coir pith is composted to reduce the ratio of carbon and nitrogen, reduce the content of lignin and cellulose and increase the value of the manor. Coco coir compost reduces bulk and converts plant nutrients into usable forms. Therefore, there is a growing demand for Coco coir in horticultural agriculture. In addition, the high-water content and the many benefits that the use of Coco coir in agriculture offers, such as a balanced carbon to nitrogen ratio, have driven demand, which has fueled the growth of the global Coco coir market. Most vegetables grow best in neutral conditions and the Coco coir is naturally neutral, so no additional additives are required to equalize acidity. Environmental awareness has increased around the world in recent years. In addition, government initiatives that promote horticultural-based fruit and vegetable agriculture and increase environmental awareness will drive the worldwide Coco coir market growth. In particular, as customers' awareness of Coco coir warming and climate change has increased, they have become more cautious in purchasing the features of the products they buy.
The clean production of coconut products is a relatively new preventive environmental strategy, helping to increase the resource efficiency of processes, products and services and reduce risks to people and the environment. Along with the expansion of the interior decoration industry, the increased demand for environmentally friendly products with lightweight properties is a key factor driving the growth of the global Coco coir market size. In addition, demand has increased due to a number of benefits offered by the use of Coco coir in agriculture, such as high moisture content and a balanced ratio of carbon to nitrogen, which has strengthened the Coco coir business worldwide. The Coco coir market has seen remarkable growth in recent years, and it is analyzed that the market will grow in a similar manner during the outlook period. The Coco coir market looks promising during the foreseen period due to key factors such as rising fuel prices, increasing demand for electric vehicles, the entry of Coco coir automakers into emerging markets, and government initiatives. The growing demand for green products and the light weight of the core are driving the growth of the Coco coir industry. Since it is a material that is found in nature, it is completely renewable and is therefore considered an excellent option for environmental sustainability. The growth of the end-user industry and the by-products obtained from the core are driving the growth of the global Coco coir market.
The use of synthetic based products is a major factor slowing the growth of the worldwide Coco coir market.
Depending on the product, Coco coir grow bags segment held the largest share in 2019. This is because grow bags come in standard sizes and come in a variety of fiber sizes, which can be flat or smaller bags.
By application, the coco flour segment dominated the Coco coir market in 2019 and is supposed to remain dominant during the conjecture period. This is due to its wide range of applications in agriculture due to its fine and homogeneous structure. Coco wheat is mainly used as a substrate for various crops, so in the future demand from the agricultural sector is expected to increase, contributing to the growth of the market.
On the basis of consumer, the greenhouse sector had the highest revenues in 2019, this will shape the agricultural coco coir market in a way that we had not seen before. Farmers around the world need to increase crop yields by increasing the amount of agricultural land to grow their crops or by increasing the productivity of existing agricultural products.
The coronavirus outbreak has caused lockdowns in almost every country in the world. It has created serious difficulties for various industries along with the Coco coir market. There was also enormous confusion in the supply chain. Coco shells are a by-product of coconuts and can affect the production of coconut shells by affecting the processing and manufacturing of agricultural products. Similarly, the lockdown hampers the coconut bark end-use industry, negatively impacting Coco coir market trends. In addition, the halted commercial activity has stopped the supply of coconut shell products to Europe and North America, which are mainly used. South Asian countries represent the main volume of core production, and if production is affected, the Coco coir stock may be affected. However, this whole scenario could only be for a limited time, as the Coco coir market is expected to grow at a significant rate after the epidemic is under control. Therefore, the COVID-19 outbreak is expected to have a moderate impact on the Coco coir market.
Europe held a dominant position in the global Coco coir market in 2019. This is due to increased demand for hydroponic and horticultural applications, as palm husks are used to control soil erosion. Besides, the Asia Pacific is expected to be a lucrative region in this market by 2020, with increasing production of fiber from coir fiber products such as mats, coir, carpets, etc. in countries like India and Sri Lanka. Additionally, the government is focusing on increasing investment to expand the coconut business with a strategic plan to develop the coconut industry in the region, which also helps the growth of the Coco coir market.
Key Players in the Market:
Major Key Players in the Global Coco Coir Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Coco Coir Market, By Product
6.1.1 Coir Material
6.1.3 Coco Coir Grow Bags
6.1.4 Blends & Loose Substrate
6.1.5 Open Tops
6.1.6 Market Size Estimations & Forecasts (2022-2027)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Coco Coir Market, By Application
6.2.1 Coco Nets & Twines
6.2.3 Rope & Cordage
6.2.4 Stitched Mats
6.2.5 Coconut Meals
6.2.6 Market Size Estimations & Forecasts (2022-2027)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Coco Coir Market, By Consumer
6.3.2 Green Houses
6.3.3 Market Size Estimations & Forecasts (2022-2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2022-2027)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Application
7.2.4 By Consumer
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.3.4 By Consumer
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.4.4 By Consumer
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.5.4 By Consumer
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Product
7.6.3 By Application
7.6.4 By Consumer
8. Key Player Analysis
8.1 Pilipinas Ecofiber Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.3 Lima Group
8.4 Universal Coco Indonesia
8.5 Coco Green Pvt Ltd
8.6 Consarc Pvt Ltd
8.7 Pelemix Ltd
8.9 Bali Coco Fiber
8.10 Lanka Coco Products
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures
The Coco Coir Market is predicted to register a CAGR of 8.5% during 2022-2027.
The coco coir market is studied from 2022-2027.
Cocofiber, Universal Coco Indonesia & Lima Group are some of the key market players.
Rapid use of digitalization and changes in millennial shopping habits, together with an increase in the number of netizens, are expected to turn e-commerce into a vital platform for purchasing coir products, boosting the global market's growth.
The important trends in the Coco Coir market research include increased demand for coir in the farming business, increased demand for coir in the geotextile industry, consumer inclination toward sustainable products, and advantageous features of coir ply.
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.