The Asia Pacific cellulose fiber market is anticipated to reach CAGR of 9.5 per cent over 2016-24. Presence of a large number of textile industries in Asian countries along with high production of jute, cotton, and bamboo in India and China is likely to accelerate industry growth.
Advanced consumerism, rising fashion awareness and increasing disposable income among consumers are driving growth of the Cellulose Fiber Market. Global textile and apparel market, which recorded over $1 trillion in 2015, is anticipated to boom with increasing GDPs of the emerging regions such as India, China, Brazil, and Africa. Presence of numerous manufactures providing competitive prices in these demanding regions will further accelerate the growth of the cellulose fiber industry.
