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Coco Coir Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 139 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5700903

Quick Summary:

In the rapidly evolving global economy, informed decision-making is more crucial than ever for senior executives. In this context, purchasing our comprehensive market research report on the global coco coir market can serve as a valuable strategic asset. This robust organic compound, derived from the outer husk of coconuts, has seen a surge in demand due to its numerous beneficial properties and adaptability across key industries ranging from agriculture to interior design.

This wide-spreading demand is linked to coco coir's desirable characteristics such as durability, excellent water retention in plant cultivation, resistance to rot, and its eco-friendly nature. Our report dives deep into key market trends, analyzes industry growth drivers, presents sub-segment analysis, and even explores the competitive landscape of key players in the market. Furthermore, the extensive utilization of coco coir in the upholstery and construction industry and its value in horticulture-based farming displays potential for significant market expansion. Dive into our report's insights and arm your business with the knowledge it needs to maintain a competitive edge in this growing market.

The global coco coir market size reached US$ 351.7 Million in 2022. Looking forward, the analyst expects the market to reach US$ 509.8 Million by 2028, exhibiting a growth rate (CAGR) of 6.11% during 2023-2028.

Coco coir, also known as coconut coir, refers to a stiff, coarse natural fiber obtained from the coconut's outer husk manually or through machines. Brown and white fibers are the two common coco fibers extracted from matured coco shells. It is widely used to produce plant basket liners, upholstery stuffing, stitched mats, rugs, and ropes. Coco coir is an organic compound that prefixes the water retention, absorbency, and drainage of potting soil and is also an acceptable amendment to garden soil. In addition, it exhibits beneficial properties, such as durability, excellent water retention, resistance to rotting, anti-fungal nature, hydrophilicity, and recyclability.

Coco Coir Market Trends:

The significant growth in the agriculture industry across the globe is creating a positive outlook for the market. Coco coir is widely used in agriculture beds to improve drainage as it breaks down slowly but retains moisture that makes air pockets below the roots in the soil. In line with this, the increasing demand for coir pith with better air-to-water ratio properties due to the rising demand for hydroponic vegetables and fruits is favoring the market growth. Additionally, the escalating demand for lightweight, eco-friendly products owing to rising pollution levels and the adverse impact of global warming on the ecosystem are acting as another growth-inducing factor. Apart from this, the widespread product adoption in the upholstery industry, used as source material for mats, mattresses, brushes, and gunny sacks is proving an impetus to the market growth. Moreover, the development of the ecocoboard made from the fibrous husk without adding chemical adhesives that are popularly used as a high-quality material for building and furniture applications is positively influencing the market growth. Other factors, including increasing focus on horticulture-based farming, rising expenditure capacities of consumers, widespread product utilization in the interior designing sector, and the implementation of various government initiatives toward expanding their coconut operations through strategic planning and funding, are anticipated to drive the market growth.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global coco coir market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, nature, application and consumer.

Breakup by Product:

  • Coco Coir Grow Bags
  • Bales
  • Open Tops
  • Blends and Loose Substrate
  • Others

Breakup by Nature:

  • Organic
  • Conventional

Breakup by Application:

  • Rope and Cordage
  • Coco Nets and Twines
  • Stitched Mats
  • Coconut Meals
  • Husk
  • Others

Breakup by Consumer:

  • Green Houses
  • Sellers

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Allwin Coir Products, Bali Coco Company, Benlion Coir Industries, Coco Green (Pvt) Ltd, Consarc (Pvt) Ltd, Fibredust LLC, Klasmann-Deilmann GmbH, Kumaran Fibres, Lanka Coco Products (Pvt) Ltd, Natural Coir Industries, Pelemix Ltd., Pilipinas Ecofiber Corporation and SMS Exports.

Key Questions Answered in This Report

1. What was the size of the global coco coir market in 2022?
2. What is the expected growth rate of the global coco coir market during 2023-2028?
3. What are the key factors driving the global coco coir market?
4. What has been the impact of COVID-19 on the global coco coir market?
5. What is the breakup of the global coco coir market based on the product?
6. What is the breakup of the global coco coir market based on the application?
7. What is the breakup of the global coco coir market based on consumer?
8. What are the key regions in the global coco coir market?
9. Who are the key players/companies in the global coco coir market?
Frequently Asked Questions about the Global Coco Coir Market

What is the estimated value of the Global Coco Coir Market?

The Global Coco Coir Market was estimated to be valued at $351.7 Million in 2022.

What is the growth rate of the Global Coco Coir Market?

The growth rate of the Global Coco Coir Market is 6.4%, with an estimated value of $509.8 Million by 2028.

What is the forecasted size of the Global Coco Coir Market?

The Global Coco Coir Market is estimated to be worth $509.8 Million by 2028.

Who are the key companies in the Global Coco Coir Market?

Key companies in the Global Coco Coir Market include Allwin Coir Products, Bali Coco Company, Benlion Coir Industries, Coco Green (Pvt) Ltd, Consarc (Pvt) Ltd, Fibredust LLC, Klasmann, Deilmann GmbH, Kumaran Fibres and Lanka Coco Products (Pvt) Ltd.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Coco Coir Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Coco Coir Grow Bags
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bales
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Open Tops
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Blends & Loose Substrate
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Nature
7.1 Organic
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Rope and Cordage
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Coco Nets and Twines
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Stitched Mats
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Coconut Meals
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Husk
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Consumer
9.1 Green Houses
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Sellers
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Allwin Coir Products
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Bali Coco Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Benlion Coir Industries
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Coco Green (Pvt) Ltd
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Consarc (Pvt) Ltd
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Fibredust LLC
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Klasmann-Deilmann GmbH
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Kumaran Fibres
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Lanka Coco Products (Pvt) Ltd
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Natural Coir Industries
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Pelemix Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Pilipinas Ecofiber Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 SMS Exports
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Coco Coir Market: Major Drivers and Challenges
Figure 2: Global: Coco Coir Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Coco Coir Market: Breakup by Product (in %), 2022
Figure 5: Global: Coco Coir Market: Breakup by Nature (in %), 2022
Figure 6: Global: Coco Coir Market: Breakup by Application (in %), 2022
Figure 7: Global: Coco Coir Market: Breakup by Consumer (in %), 2022
Figure 8: Global: Coco Coir Market: Breakup by Region (in %), 2022
Figure 9: Global: Coco Coir (Coco Coir Grow Bags) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Coco Coir (Coco Coir Grow Bags) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Coco Coir (Bales) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Coco Coir (Bales) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Coco Coir (Open Tops) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Coco Coir (Open Tops) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Coco Coir (Blends and Loose Substrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Coco Coir (Blends and Loose Substrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Coco Coir (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Coco Coir (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Coco Coir (Organic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Coco Coir (Organic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Coco Coir (Conventional) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Coco Coir (Conventional) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Coco Coir (Rope and Cordage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Coco Coir (Rope and Cordage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Coco Coir (Coco Nets and Twines) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Coco Coir (Coco Nets and Twines) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Coco Coir (Stitched Mats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Coco Coir (Stitched Mats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Coco Coir (Coconut Meals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Coco Coir (Coconut Meals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Coco Coir (Husk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Coco Coir (Husk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Coco Coir (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Coco Coir (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Coco Coir (Green Houses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Coco Coir (Green Houses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Coco Coir (Sellers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Coco Coir (Sellers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Coco Coir Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Coco Coir Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Coco Coir Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Coco Coir Industry: SWOT Analysis
Figure 89: Global: Coco Coir Industry: Value Chain Analysis
Figure 90: Global: Coco Coir Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Coco Coir Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Coco Coir Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Coco Coir Market Forecast: Breakup by Nature (in Million US$), 2023-2028
Table 4: Global: Coco Coir Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Coco Coir Market Forecast: Breakup by Consumer (in Million US$), 2023-2028
Table 6: Global: Coco Coir Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Coco Coir Market: Competitive Structure
Table 8: Global: Coco Coir Market: Key Players

Companies Mentioned

  • Allwin Coir Products
  • Bali Coco Company
  • Benlion Coir Industries
  • Coco Green (Pvt) Ltd
  • Consarc (Pvt) Ltd
  • Fibredust LLC
  • Klasmann-Deilmann GmbH
  • Kumaran Fibres
  • Lanka Coco Products (Pvt) Ltd
  • Natural Coir Industries
  • Pelemix Ltd.
  • Pilipinas Ecofiber Corporation
  • SMS Exports.

Methodology

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