Press release
Coco Coir Market Scope, and Competitive Analysis Forecast Through 2024-2031 | Bali Coco Company, Klasmann-Deilmann GmbH, Cocolandlanka (Pvt) Ltd.
Coco Coir Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Coco Coir market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Coco Coir Market reached USD 361.2 million in 2023 and is expected to reach USD 693.7 million by 2031, growing with a CAGR of 8.5% during the forecast period 2024-2031.
What is Coco Coir Market?
The coco coir market revolves around products made from coconut husk fibers, widely used in gardening, horticulture, and hydroponics as a sustainable alternative to peat. Coco coir is prized for its water retention, aeration, and biodegradability, supporting healthy plant growth. Rising demand for eco-friendly products and sustainable soil alternatives is driving market growth across agriculture, landscaping, and soil-less farming sectors.
Growth Driver
Rising Demand for Eco-Friendly Products
With growing consumer awareness around sustainability and environmental concerns, eco-friendly products like coco coir are becoming increasingly popular. Coco coir, made from coconut husks, is a natural and biodegradable growing medium. Since coconuts are regularly harvested, coco coir is a renewable and abundant resource. Compared to alternatives such as peat moss or synthetic growing media, coco coir production has a much smaller environmental impact, using fewer harmful chemicals and processes, making it a more sustainable choice for consumers and businesses alike.
Key Players:
Profiles of some of the major players in the global Coco Coir market, which include Bali Coco Company, Klasmann-Deilmann GmbH, Cocolandlanka (Pvt) Ltd, Consarc (Pvt) Ltd, Viagrow, Allwin Coir, BENLION COIR INDUSTRIES., Kumaran Fibres, Lanka Coco Products, and Pelemix Ltd.
Industry Development:
In September 2022, Profile Products, a U.S.-based leader in specialty agriscience materials, announced its acquisition of Nivetha Exporters, a globally recognized producer of high-quality coco coir products. This acquisition includes all of Nivetha's product lines, advanced facilities in Southern India, and their dedicated team. Following the acquisition, Nivetha Exporters has rebranded as CoirSci.
Then in October 2022, Technopark revealed plans to protect Thettiyar Thodu's embankments using natural coir and a mix of grass and herbs. The project involves clearing out vegetation, setting up an earthwork foundation, and compacting it, followed by installing coir geotextile mats and planting saplings to reinforce the embankments.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Coco Coir market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Product: Coco Coir Grow Bags, Bales, Coir Material, Open Tops, Blends and Loose Substrate, Others.
By Nature: Organic, Conventional.
By Source: Brown Coconuts, Green Coconuts.
By Application: Rope and Cordage, Coco Nets and Twines, Stitched Mats, Coconut Meals, Husk, Others.
By End-User Industry: Packaging, Bedding and Flooring, Agriculture, Automobiles, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features
➧ Gain deep insights into market dynamics, trends, and opportunities to stay ahead in a competitive landscape.
➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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