Coco Coir Market Forecasts to 2028 – Global Analysis By Nature (Conventional, Organic), Source (Brown Coconuts, Green Coconuts), Distribution Channel (Online, Offline), and By Geography
According to Stratistics MRC, the Global Coco Coir Market is accounted for $407.78 million in 2020 and is expected to reach $893.37 million by 2028 growing at a CAGR of 10.3% during the forecast period. Some of the key factors propelling the market growth include increase in demand for coir in farming and geotextile industry, rising need demand for eco-friendly products with lightweight properties, and growth and expansion of interior design industry, especially in the developing economies. However, use of synthetic-based products is likely to restraint the market.
Coco coir, also known as coco fiber, is extracted from the coco's outer shell, which is a stiff, coarse natural fiber, flexible natural yarn that is extracted from the outer husk of the coco manually or through machines. Coir has the highest lignin concentration, making it more robust but less flexible than cotton and unsuitable for dyeing. It is considered as an eco-friendly product, which is suitable for hydroponic and horticultural applications, as it absorbs water.
By form, the grow bags & grow slabs segment is anticipated to grow at the significant rate during the forecast period, due to the ability of coir grow bags to reduce transplant shock when they are moved, the fact that grow bags are available in standard sizes and with different volume of coir that can be flat bags or small open top container grow bag, portable, and increased efficiency.
On the basis of geography, North America region is expected to have considerable market growth during the forecast period, due to the fact that coir pith is now increasingly being applied as soil conditioner and soil medium in this province and growing use of nature-friendly products in different end-use industries.
Some of the key players in Coco Coir Market include Pelemix Ltd, Lima Group, Benlion Coir Industries, Coco Green Pvt Ltd, Pilipinas Ecofiber Corporation, Bali Coco Fiber, SSS Global, Universal Coco Indonesia, Allwin Coir, PSG COIRS, Lanka Coco Products, Consarc Pvt Ltd, Nedia Enterprises, Kumaran Fibres, Klasmann-Deilmann GmbH, FibreDust LLC, Dutch Plantin, and SMS Exporters.
• Coir Material
• Blends & Loose Substrate
• Curled Coir
• Bristle Coir
• Buffering Coir
• Coir Pith
• Coir Fiber
• Grow Cubes
• Coir Yarn
• Green Houses
• Brown Coconuts
• Green Coconuts
• Coco Disks and Coins
• Open Tops and Ropes
• Husk Chips
• Grow Bags & Grow Slabs
Distribution Channels Covered:
• Coco Nets & Twines
• Coconut Meals
• Rope & Cordage
• Stitched Mats
• Floor Coverings
• Hydroponic Cultivation
• Tufted Mats
• Home Gardening
• Handloom Mats
• Seedlings & Plant Nurseries
• Animal Bedding
• Golf Course & Play Ground Green Turfs
• Other Applications
End Users Covered:
• Bedding & Flooring
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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