According to the latest report by IMARC Group, titled “Polyester Staple Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global polyester staple fiber market reached a value of US$ 22 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 29 Billion by 2027, exhibiting at a CAGR of 4.95% during 2022-2027.
Polyester staple fiber (PSF) is a versatile, man-made fiber that is manufactured or recycled from mono ethylene glycol (MEG) or polyethylene terephthalate (PET) chips. It is lightweight, resistant to light, and is available in a wide variety of colors with different cut lengths. In addition, it also resists extreme temperatures and exhibits strong resilience. It is also used in spinning yarns that are knitted into non-woven fabrics. As a result, they are employed to produce premium pillows, quilts, sofa, cushions, mattresses, soft toys, and jackets.
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The global polyester staple fiber market is primarily driven by its growing use as a substitute for cotton in the textile industry. PSFs are cheaper, thinner, and available in various colors compared to cotton. Consequently, they are increasingly used to make sportswear, activewear, and intimate wear, propelling the growth of the market. Besides this, the rising awareness regarding environmental and plastic pollution has led to the increased demand for recycled PSF. Due to this, consumers are adopting sustainable textiles that are obtained from recyclable materials. Furthermore, the increasing disposable incomes, and rising trend of sustainable and fast fashion, and increasing production of light commercial vehicles are providing positive growth to the market across the globe.
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Polyester Staple Fiber Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global polyester staple fiber market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global polyester staple fiber market on the basis of origin, product, application and region.
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Key highlights of the report:
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