Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Coco Coir Market Outlook

The global coco coir market stood at a value of around USD 385.03 million in 2023. The market is expected to grow at a CAGR of 8.1% in the forecast period of 2024-2032 to attain a value of around USD 775.35 million by 2032.

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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
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Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global coco coir market attained a value of nearly USD 385.03 million.

The market is projected to grow at a CAGR of 8.1% between 2024 and 2032.

The major drivers of the market include the increasing demand for coco coir in the agriculture sector due to its high water-retention properties, the benefits of coco coir in hydroponic farming, and the growing demand for coir pith for agriculture and gardening uses.

The key trends guiding the market growth include the increasing technological advancements, rising demand of coir products such as doormats and rugs, and growing eco-consciousness among consumers due to the rising concerns regarding climate change.

The major regions in the market 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 coco coir are rope and cordage, coco nets and twines, stitched mats, coconut meals, and husk, among others.

The various consumers of the coco coir include greenhouses and sellers.

The key players in the global coco coir market are Bali Coco Company, Klasmann-Deilmann GmbH, CocoLand Lanka (pvt) Ltd., Consarc (Pvt) Ltd., and FibreDust LLC, among others.

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