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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 (2017-2027); 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 2022-2027 to attain a value of around USD 485.9 million by 2026.
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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.
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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.
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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 | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Coco Coir Market Analysis
8.1 Key Industry Highlights
8.2 Global Coco Coir Historical Market (2017-2021)
8.3 Global Coco Coir Market Forecast (2022-2027)
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 (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Bales
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Coir Material
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Open Tops
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Blends and Loose Substrate
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Coco Nets and Twines
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Stitched Mats
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Coconut Meals
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Husk
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Sellers
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Coco Coir Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Bali Coco Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Klasmann-Deilmann GmbH
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 CocoLand Lanka (pvt) Ltd
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Consarc (Pvt) Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 FibreDust LLC
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
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, 2016 and 2026
2. Global Coco Coir Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global Coco Coir Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global Coco Coir Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Coco Coir Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Coco Coir Historical Market: Breakup by Consumer (USD Million), 2017-2021
7. Global Coco Coir Market Forecast: Breakup by Consumer (USD Million), 2022-2027
8. Global Coco Coir Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Coco Coir Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Coco Coir Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Coco Coir Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Coco Coir Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Coco Coir Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Coco Coir Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Coco Coir Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Coco Coir Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Coco Coir Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Coco Coir Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Coco Coir Market Forecast: Breakup by Country (USD Million), 2022-2027
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 2017-2027
25. Europe Historical Price Trends and Forecast 2017-2027
26. Asia Pacific Historical Price Trends and Forecast 2017-2027
27. Latin America Historical Price Trends and Forecast 2017-2027
28. Middle East and Africa Historical Price Trends and Forecast 2017-2027
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 2022 and 2027.
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 2022-2027, 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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