The bio-based textiles market is on an upward trajectory as per the research conducted by the Polaris Market Research & Consulting. The research highlighted that the bio-based textile market’s value stood at US $ 5.80 billion in 2024, and is expected to show a CAGR (compound annual growth rate) of 11.6 per cent from 2025 to 2034. As a result, this market is projected to reach US $ 17.31 billion by 2034.
Among the reasons cited for this growth in the Asia-Pacific region includes the initiatives taken by the governments to drive eco-friendly manufacturing like providing research grants and subsidies. Apart from government support, expansion in middle-class population, and rising awareness about sustainability and environment, are also the factors promoting the bio-based textile industry.
With the bio-based textiles getting increasingly used in home upholstery, fashion, and other industrial areas, Europe led the shares with a significant 33.03 per cent share in the global bio-based textile market. The prime reason for the growth in Europe includes the strict environmental frameworks and regulations, concrete sustainability initiatives, and the high number of population driven towards supporting the eco-friendly materials.
Sourced from biopolymers, plant fibres, and regenerated cellulose, the key players driving the market are Acme Mills Company, Archroma, Arkema, NatureWorks LLC, DuPont, Biome Bioplastics, and more. For instance, early this year, Arkema was among the companies that made a strong case for the bio-based textiles by launching the bio-based acrylic binders, which were engineered to cut down the carbon footprint in performance textiles.
