Chemical Industry - Market Research Report

The global   natural fiber market   size was estimated at USD 69.23 billion in 2024 and is projected to reach USD 94.65 billion by 2030, growing at a CAGR of 5.4% from 2025 to 2030. This growth is primarily driven by increasing environmental concerns and a strong global shift toward sustainable materials. Consumers and industries are increasingly opting for alternatives to synthetic fibers, which contribute to environmental degradation and carry high carbon footprints. Natural fibers such as cotton, flax, hemp, jute, and wool are not only biodegradable and renewable but also provide superior comfort, breathability, and durability. Governments and regulatory bodies across the globe are encouraging the use of natural fibers through supportive policies, incentives, and awareness campaigns. This has led to a significant boost in the adoption of natural fibers, especially in the fashion and textile industries, where demand for eco-friendly products continues to rise. These fibers a...

The global   recycled plastics market   was valued at USD 51.70 billion in 2023 and is projected to reach USD 96.48 billion by 2030, expanding at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030. The increasing use of plastics in producing lightweight components across industries such as building & construction, automotive, and electrical & electronics is anticipated to drive market growth over the forecast period. The rising trend of online purchases, especially in the electrical & electronics and personal care sectors, has significantly increased the demand for recycled plastics used in various packaging applications. Additionally, the surge in demand for personal protective equipment such as gloves and face masks further contributes to this growth. According to The Verge, the growing demand for affordable consumer electronics—such as laptops, mobile phones, and modems—sold via e-commerce platforms is propelling the need for recycled plastics in ele...