Report Details

The Global Coir Market size is projected to grow at a CAGR of 10.4% during the forecast period (2018–2028). in 2018 it is valued at US$ 727.5 Mn and is projected to reach a value of US$ X, XXX.X Mn by 2028. The demand for coir is witnessing an upsurge owing to its increasing application in various end-use industries.

Coir is a natural fiber extracted from the husk of coconuts. It is obtained by soaking coconut husks in water and then subjecting it to a process of retting and pounding. The coir fiber has high strength, elasticity, and durability. These properties make it an ideal material for various applications across different industries. The purpose of coir is to provide natural fibers for various industrial applications. Coir is obtained from the husk of coconut and is used in a variety of industries. Its growing demand can be attributed to its properties such as resistance to abrasion, UV, and insects. Coir is also biodegradable, doesn't absorb moisture or water, has high tensile strength, and is long-lasting with anti-static properties.

On the basis of Type, the global coir market is segmented into bristle coir, brown fiber, white fiber, buffering coir.

Agriculture:

Agriculture is the second-largest application for coir, after horticulture. Coir is used as a substrate in container farming and field cultivation to improve water retention, soil aeration, and drainage. The high organic matter content of coir also helps to suppress weed growth. Additionally, coir can be used as a mulch to help retain moisture and reduce weed growth. In India, coir is commonly used as a substrate for growing bananas. Coir is also used in other countries such as Australia and the United States to grow vegetables and fruits.

In addition to its use as a substrate or mulch, coir can also be used to improve soil fertility. The high potassium content of coir helps to improve soil fertility and increases the yield of crops. Coir also helps to improve the water-holding capacity of soils, which is important in areas that experience drought conditions. Coir has also been shown to suppress plant diseases and pests. The high lignin content of coir makes it difficult for disease-causing organisms to grow. Coir can also help to suppress insect pests by repelling them from plants.