Textile Enzymes Market - Forecast (2023 - 2028)

The textile enzymes market size is forecast to reach US$293.6 million by 2027 after growing at a CAGR of 4.2% during 2022-2027. Textile enzymes are biocatalysts obtained naturally from plants, animal tissues, and microorganisms. The enzymes are profoundly effective, helping diminish the processing time, decrease contamination, and improve the nature of the item. A wide spectrum of textile enzymes such as catalases, amylases, laccase, and pectinases are used in several applications in the textile sector, ranging from desizing to scouring, and biopolishing.

The textile industry globally is expanding with increasing investment and production and this is projected to influence the market’s growth during the forecast period. For instance, according to the February 2021 data by the Confederation of Indian Textile Industry, the Government of India announced the plan to set up seven mega textile parks in India under the Mega Investment Textiles Parks Scheme in the next three years. Furthermore, the demand for sustainable textile processing is increasing in the textile industry owing to the harmful effects of chemicals and this is anticipated to be another driving factor in the market’s growth during the forecast period.

For instance, as per the April 2021 journal by Semantic Scholar, the use of enzymes is gaining popularity in the textile sector due to the environmentally friendly and energy-conserving nature of enzymes. The high cost of enzymes might hamper the market’s growth during the forecast period.



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