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Global Coco Coir Market: By Product: Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends and Loose Substrate, Others; By Application: Rope and Cordage, Others; By Consumers; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Coco Coir Market Outlook

The global coco coir market stood at a value of around USD 304.8 million in 2020. The market is expected to grow at a CAGR of 8.1% in the forecast period of 2023-2028 to attain a value of around USD 485.9 million by 2026.

 

Global Coco Coir Market

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Sellers Segment to Account for a Significant Market Share of the Global Coco Coir Industry

Based on consumers, the seller segment is predicted to hold a significant market share in the coco coir industry in the forecast period. Many leading manufacturers of coco coir are increasingly investing in developing their products to retain profitability and remain relevant in the highly competitive market.  Recently, FibreDust LLC, a leading American coco coir manufacturer, has announced a new coir blend: Coir WTF 70/30.  This coir blend is mixed with wood fibre, which is known to be a competent organic substrate for hydroponics. The combination of coir with wood fibre offers a high air porosity and excellent water retention and is available in bricks, blocks, and variously sized grow bags. Such developments are expected to aid the market in the forecast period.

 

The Asia Pacific Region to Occupy a Substantial Market Share of the Global Coco Coir Industry

The Asia Pacific is estimated to possess a substantial share of the global coco coir industry in the forecast period. The market growth in the region can be attributed to the increased coir production in Asian countries, namely, India and Sri Lanka, which together account for about 90% of the global coir fibre production as per the estimates by the Coir Board of India, under the Ministry of Micro, Small and Medium Enterprises. In addition, the increasing investment in the research and development of coir production, such as the machinery and equipment required in the process, to increase the productivity and the overall profit is expected to further aid the market.

 

Coco Coir: Market Segmentation

Coco coir refers to the natural fibre obtained from the outer husk of coconut by soaking it into freshwater or saltwater water and leaving it dry for an extensive amount of time; as the longer it matures, the better the results would be. After the drying process, it is organised into bales. It is extensively used to make rugs, doormats, plant basket liners, upholstery stuffing, and ropes. Some of its beneficial properties include durability, resistance to rotting, excellent water retention and hydrophilicity, anti-fungal nature,  and recyclability.

 

Global Coco Coir Market by Segment

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By product, the market is categorised into:

  • Coco Coir Grow Bags
  • Bales
  • Coir Material 
  • Open Tops
  • Blends and Loose Substrate
  • Others

On the basis of application, the market can be segregated into:

  • Rope and Cordage
  • Coco Nets and Twines
  • Stitched Mats 
  • Coconut Meals
  • Husk
  • Others

Based on consumers, the market can be bifurcated into:

  • Greenhouses
  • Sellers

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Coco Coir Market by Region

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Escalating Eco-Consciousness Among Consumers and the Increasing Problems of Global Warming to Drive the Global Coco Coir Industry

The coco coir industry  is estimated to grow significantly in the forecast period due to the increasing environmental awareness among consumers owing to rising pollution levels worldwide and the adverse impact of global warming on the ecosystem. In addition, governments worldwide are developing strategies and initiatives to combat climate change and find alternatives to fossil fuels and non-biodegradable materials such as plastic. In this regard, coco coir fibres offer a sustainable, eco-friendly, and cost-effective option. Moreover, coir fibre can be manufactured both manually and mechanically, as they are both economically feasible.

In a UN report titled "Exploring the potential for adopting alternative materials to reduce marine plastic litter," dated May 2018, coco coir is one of the alternatives discussed, as it is a promising source of cellulose and lignin, a natural and plant-based polymer. It is biodegradable, and, therefore, can be decomposed without any human interference. While the lignin polymer is increasingly used in fuel and newsprint creation, cellulose polymer is used in clothing, paper generation, and as raw material in biopolymer generation. These factors are expected to provide a thrust to the overall  growth of the global coco coir industry  in the forecast period.

 

Key Industry Players in the Global Coco Coir Market

The report gives a detailed analysis of the following key players in the global coco coir market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bali Coco Company
  • Klasmann-Deilmann GmbH
  • CocoLand Lanka (pvt.) Ltd.
  • Consarc (Pvt.) Ltd.
  • FibreDust LLC
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Consumers, Region
Breakup by Product Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends and Loose Substrate, Others
Breakup by Application Rope and Cordage, Coco Nets and Twines, Stitched Mats, Coconut Meals, Husk, Others
Breakup by Consumers Greenhouses, Sellers
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Bali Coco Company, Klasmann-Deilmann GmbH, CocoLand Lanka (pvt) Ltd, Consarc (Pvt) Ltd, FibreDust LLC, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Coco Coir Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Coco Coir Historical Market (2018-2022) 
    8.3    Global Coco Coir Market Forecast (2023-2028)
    8.4    Global Coco Coir Market by Product
        8.4.1    Coco Coir Grow Bags
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Bales
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Coir Material
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Open Tops
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Blends and Loose Substrate
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Coco Coir Market by Application
        8.5.1    Rope and Cordage
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Coco Nets and Twines
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Stitched Mats
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Coconut Meals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Husk
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Coco Coir Market by Consumers
        8.6.1    Greenhouses
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Sellers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Coco Coir Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Coco Coir Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Coco Coir Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Coco Coir Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Coco Coir Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Coco Coir Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis

    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Bali Coco Company
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Klasmann-Deilmann GmbH
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    CocoLand Lanka (pvt) Ltd
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Consarc (Pvt) Ltd
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    FibreDust LLC
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Coco Coir Market: Key Industry Highlights, 2018 and 2028
2.    Global Coco Coir Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Coco Coir Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Coco Coir Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Coco Coir Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Coco Coir Historical Market: Breakup by Consumer (USD Million), 2018-2022
7.    Global Coco Coir Market Forecast: Breakup by Consumer (USD Million), 2023-2028
8.    Global Coco Coir Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Coco Coir Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Coco Coir Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Coco Coir Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Coco Coir Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Coco Coir Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Coco Coir Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Coco Coir Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Coco Coir Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Coco Coir Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Coco Coir Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Coco Coir Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Major Exporting Countries by Value
21.    Major Importing Countries by Value
22.    Major Exporting Countries by Volume
23.    Major Importing Countries by Volume
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global Coco Coir Market Structure

Key Questions Answered in the Report

In 2020, the global coco coir market attained a value of nearly USD 304.8 million.

The market is projected to grow at a CAGR of 8.1% between 2023 and 2028.

The major drivers of the industry, such as the increasing demand for coco coir in the agriculture sector due to its high water-retention properties, the feasibility of coco coir in hydroponic farming, the growing demand for coir pith for agriculture and gardening uses, and the increasing popular demand of coir products such as doormats and rugs, are expected to aid the market growth.

The key market trends guiding the industry growth include the increasing technological advancements and growing eco-consciousness among the consumers due to the rising concerns regarding climate change.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant products available in the market include coco coir grow bags, bales, coir material, open tops, and blends and loose substrate, among others.

The major applications of the product are ropes and cordage, coco nets and twines, stitched mats, coconut meals, and husk, among others.

The various consumer segments of the product include greenhouses and sellers.

The major players in the industry are Bali Coco Company, Klasmann-Deilmann GmbH, CocoLand Lanka (pvt) Ltd., Consarc (Pvt) Ltd., and FibreDust LLC, among others.

Analyst Review

The global coco coir market attained a value of about USD 304.8 million in 2020, driven by the increasing demand for coco coir in the agricultural sector. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8.1%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By products, the coco coir industry is divided into coco coir grow bags, bales, coir material, open tops, and blends and loose substrates, among others. On the basis of applications, the industry can be segmented into ropes and cordage, coco nets and twines, stitched mats, coconut meals, and husk, among others. Based on consumer segment, the market can be bifurcated into greenhouse and sellers. The major regional markets for coco coir are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bali Coco Company, Klasmann-Deilmann GmbH, CocoLand Lanka (pvt) Ltd., Consarc (Pvt) Ltd., and FibreDust LLC, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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