Coconut coir, also known as coconut fibre, is extracted from a coconut's outer shell. It is a stiff, coarse natural fibre, flexible natural yarn extracted manually or mechanically from the outer husk of the coconut. The two most common types of coconut fibre extracted from matured coconut shells are white fibres and brown fibres.
Rising awareness and demand for eco-friendly products with lightweight properties will be a major driver of the coco coir market's growth. Rising awareness of the beneficial properties of coco coir, such as its high durability, absorbency, and ability to control soil erosion, are other factors driving the coco coir market's growth. The expansion and growth of the interior design industry, particularly in developing economies, combined with rising personal disposable income, will create more lucrative and remunerative growth opportunities for the coco coir market. Rising industrialization and globalisation will also pave the way for the coco coir market to expand.
However, the use of synthetic based products will pose a major challenge to the growth of coco coir market. Also, requirement of huge expenditure for research and development activities will further slowdown the oilfield biocides market growth rate.
This coco coir market report details new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical exclusions, and geographical exclusions.
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