Middle East & Africa Eco Fiber Market Size & Outlook
Middle East & Africa eco fiber market, 2018-2030 (US$M)
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MEA eco fiber market highlights
- The MEA eco fiber market generated a revenue of USD 3,457.7 million in 2022.
- The market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, manmade/regenerated was the largest revenue generating product in 2022.
- Organic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 3,457.7 million |
| Market revenue in 2030 | USD 5,719.1 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Manmade/regenerated |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Manmade/regenerated, Recycled, Natural |
| Key market players worldwide | Lenzing AG, Grasim Industries Ltd DR, Teijin Ltd, USFibers, Wellman Advanced Materials, Zauba Technologies, Lanmeiren Textile (Shanghai) Co., Poole Company, Foss Performance Materials |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.0% of the global eco fiber market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 30,127.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Eco Fiber Market Scope
Eco Fiber Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa eco fiber market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to eco fiber market will help companies and investors design strategic landscapes.
Manmade/regenerated was the largest segment with a revenue share of 56.7% in 2022. Horizon Databook has segmented the Middle East & Africa eco fiber market based on organic, manmade/regenerated, recycled, natural covering the revenue growth of each sub-segment from 2018 to 2030.
Increased spending on clothing by Islamic countries is expected to augment the textile production over the forecast period. In the Middle East & Africa, Iran recorded the highest consumer spending on clothing with USD 16.8 billion, followed by Egypt with USD 16.2 billion, Saudi Arabia with USD 15.3 billion, and the UAE with USD 10.2 billion.
On the other hand, Gulf Cooperation Council (GCC) countries are focusing on promoting textile production in their countries. These developments are expected to augment the demand for eco fiber over the next few years.
The countries in the Middle East have increased their urban and infrastructural developments, especially Saudi Arabia, Oman, Qatar, and Egypt. Urban and infrastructural developments in these countries have increased the demand for textile and fabrics in products such as upholstery.
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Target buyers of Middle East & Africa eco fiber market databook
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Our clientele includes a mix of eco fiber market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa eco fiber market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa eco fiber market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA eco fiber market size, by country, 2018-2030 (US$M)
Middle East & Africa Eco Fiber Market Outlook Share, 2022 & 2030 (US$M)
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