Coco coir, also termed coco fiber, is extracted from the coco's outer shell. Brown fibers and white fibers are the two common types of coco fibers extracted from matured coco shells. Coir has the highest lignin concentration, making it more robust but less flexible than cotton and unsuitable for dyeing and is considered an eco-friendly product suitable for hydroponic and horticultural applications, as it absorbs water.
MARKET DYNAMICS
A surge in demand for eco-friendly products with lightweight properties coupled with the expansion of the upholstery industry is the key factor driving the global coco coir market's growth. Also, multiple benefits offered by using coco coir in agriculture, such as high moisture content and balanced carbon to nitrogen ratio, have boosted its demand, thereby augmenting the coco coir market growth. Besides, many of the companies have adopted the concept of cleaner production to cater to consumers' needs. Hence, consumers' inclination toward eco-friendly products is playing a vital role in the growth of the global market. However, the use of synthetic-based products is the primary factor hindering the development of the global coco coir market during the forecast period.
MARKET SCOPE
The "Global Coco Coir Market Analysis to 2031" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the coco coir market with detailed market segmentation by product and application. The global coco coir market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coco coir market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global coco coir market is segmented into product and application. By product, the coco coir market is classified into Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends & Loose Substrate, Others. By application, the coco coir market is classified into Rope & Cordage, Coco Nets & Twines, Stitched Mats, Coconut Meals, Husk, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global coco coir market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The coco coir market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the coco coir market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the coco coir market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global coco coir market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The coco coir market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the coco coir market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the coco coir market in these regions.
MARKET PLAYERS
The report covers vital developments in the coco coir market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the coco coir market are anticipated to lucrative growth opportunities in the future with the rising demand for coco coir in the global market. Below mentioned is the list of few companies engaged in the coco coir market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coco coir market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- Pilipinas Ecofiber Corporation
- Universal Coco Indonesia
- Lima Group
- Pelemix Ltd.
- Consarc Pvt Ltd.
- Bali Coco Fiber
- Coco Green Pvt Ltd.
- Lanka Coco Products.
- Benlion Coir Industries
- Allwin Coir
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Coco Coir Market - By Product
1.3.2 Coco Coir Market - By Application
1.3.3 Coco Coir Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. COCO COIR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. COCO COIR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. COCO COIR MARKET - GLOBAL MARKET ANALYSIS
6.1. COCO COIR - GLOBAL MARKET OVERVIEW
6.2. COCO COIR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. COCO COIR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. COCO COIR GROW BAGS
7.3.1. Overview
7.3.2. Coco Coir Grow Bags Market Forecast and Analysis
7.4. BALES
7.4.1. Overview
7.4.2. Bales Market Forecast and Analysis
7.5. COIR MATERIAL
7.5.1. Overview
7.5.2. Coir Material Market Forecast and Analysis
7.6. OPEN TOPS
7.6.1. Overview
7.6.2. Open Tops Market Forecast and Analysis
7.7. BLENDS AND LOOSE SUBSTRATE
7.7.1. Overview
7.7.2. Blends and Loose Substrate Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. COCO COIR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ROPE AND CORDAGE
8.3.1. Overview
8.3.2. Rope and Cordage Market Forecast and Analysis
8.4. COCO NETS AND TWINES
8.4.1. Overview
8.4.2. Coco Nets and Twines Market Forecast and Analysis
8.5. STITCHED MATS
8.5.1. Overview
8.5.2. Stitched Mats Market Forecast and Analysis
8.6. COCONUT MEALS
8.6.1. Overview
8.6.2. Coconut Meals Market Forecast and Analysis
8.7. HUSK
8.7.1. Overview
8.7.2. Husk Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. COCO COIR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Coco Coir Market Overview
9.1.2 North America Coco Coir Market Forecasts and Analysis
9.1.3 North America Coco Coir Market Forecasts and Analysis - By Product
9.1.4 North America Coco Coir Market Forecasts and Analysis - By Application
9.1.5 North America Coco Coir Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Coco Coir Market
9.1.5.1.1 Canada Coco Coir Market by Product
9.1.5.1.2 Canada Coco Coir Market by Application
9.1.5.2 Mexico Coco Coir Market
9.1.5.2.1 Mexico Coco Coir Market by Product
9.1.5.2.2 Mexico Coco Coir Market by Application
9.1.5.3 US Coco Coir Market
9.1.5.3.1 US Coco Coir Market by Product
9.1.5.3.2 US Coco Coir Market by Application
9.2. EUROPE
9.2.1 Europe Coco Coir Market Overview
9.2.2 Europe Coco Coir Market Forecasts and Analysis
9.2.3 Europe Coco Coir Market Forecasts and Analysis - By Product
9.2.4 Europe Coco Coir Market Forecasts and Analysis - By Application
9.2.5 Europe Coco Coir Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Coco Coir Market
9.2.5.1.1 Germany Coco Coir Market by Product
9.2.5.1.2 Germany Coco Coir Market by Application
9.2.5.2 France Coco Coir Market
9.2.5.2.1 France Coco Coir Market by Product
9.2.5.2.2 France Coco Coir Market by Application
9.2.5.3 Italy Coco Coir Market
9.2.5.3.1 Italy Coco Coir Market by Product
9.2.5.3.2 Italy Coco Coir Market by Application
9.2.5.4 United Kingdom Coco Coir Market
9.2.5.4.1 United Kingdom Coco Coir Market by Product
9.2.5.4.2 United Kingdom Coco Coir Market by Application
9.2.5.5 Russia Coco Coir Market
9.2.5.5.1 Russia Coco Coir Market by Product
9.2.5.5.2 Russia Coco Coir Market by Application
9.2.5.6 Rest of Europe Coco Coir Market
9.2.5.6.1 Rest of Europe Coco Coir Market by Product
9.2.5.6.2 Rest of Europe Coco Coir Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Coco Coir Market Overview
9.3.2 Asia-Pacific Coco Coir Market Forecasts and Analysis
9.3.3 Asia-Pacific Coco Coir Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Coco Coir Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Coco Coir Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Coco Coir Market
9.3.5.1.1 Australia Coco Coir Market by Product
9.3.5.1.2 Australia Coco Coir Market by Application
9.3.5.2 China Coco Coir Market
9.3.5.2.1 China Coco Coir Market by Product
9.3.5.2.2 China Coco Coir Market by Application
9.3.5.3 India Coco Coir Market
9.3.5.3.1 India Coco Coir Market by Product
9.3.5.3.2 India Coco Coir Market by Application
9.3.5.4 Japan Coco Coir Market
9.3.5.4.1 Japan Coco Coir Market by Product
9.3.5.4.2 Japan Coco Coir Market by Application
9.3.5.5 South Korea Coco Coir Market
9.3.5.5.1 South Korea Coco Coir Market by Product
9.3.5.5.2 South Korea Coco Coir Market by Application
9.3.5.6 Rest of Asia-Pacific Coco Coir Market
9.3.5.6.1 Rest of Asia-Pacific Coco Coir Market by Product
9.3.5.6.2 Rest of Asia-Pacific Coco Coir Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Coco Coir Market Overview
9.4.2 Middle East and Africa Coco Coir Market Forecasts and Analysis
9.4.3 Middle East and Africa Coco Coir Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Coco Coir Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Coco Coir Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Coco Coir Market
9.4.5.1.1 South Africa Coco Coir Market by Product
9.4.5.1.2 South Africa Coco Coir Market by Application
9.4.5.2 Saudi Arabia Coco Coir Market
9.4.5.2.1 Saudi Arabia Coco Coir Market by Product
9.4.5.2.2 Saudi Arabia Coco Coir Market by Application
9.4.5.3 U.A.E Coco Coir Market
9.4.5.3.1 U.A.E Coco Coir Market by Product
9.4.5.3.2 U.A.E Coco Coir Market by Application
9.4.5.4 Rest of Middle East and Africa Coco Coir Market
9.4.5.4.1 Rest of Middle East and Africa Coco Coir Market by Product
9.4.5.4.2 Rest of Middle East and Africa Coco Coir Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Coco Coir Market Overview
9.5.2 South and Central America Coco Coir Market Forecasts and Analysis
9.5.3 South and Central America Coco Coir Market Forecasts and Analysis - By Product
9.5.4 South and Central America Coco Coir Market Forecasts and Analysis - By Application
9.5.5 South and Central America Coco Coir Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Coco Coir Market
9.5.5.1.1 Brazil Coco Coir Market by Product
9.5.5.1.2 Brazil Coco Coir Market by Application
9.5.5.2 Argentina Coco Coir Market
9.5.5.2.1 Argentina Coco Coir Market by Product
9.5.5.2.2 Argentina Coco Coir Market by Application
9.5.5.3 Rest of South and Central America Coco Coir Market
9.5.5.3.1 Rest of South and Central America Coco Coir Market by Product
9.5.5.3.2 Rest of South and Central America Coco Coir Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. COCO COIR MARKET, KEY COMPANY PROFILES
11.1. ALLWIN COIR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BALI COCO FIBER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BENLION COIR INDUSTRIES
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COCO GREEN PVT LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CONSARC PVT LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LANKA COCO PRODUCTS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LIMA GROUP
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PELEMIX LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PILIPINAS ECOFIBER CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. UNIVERSAL COCO INDONESIA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allwin Coir
2. Bali Coco Fiber
3. Benlion Coir Industries
4. Coco Green Pvt Ltd.
5. Consarc Pvt Ltd.
6. Lanka Coco Products
7. Lima Group
8. Pelemix Ltd.
9. Pilipinas Ecofiber Corporation
10. Universal Coco Indonesia
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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