Staple Fibers Market Is Growing At a CAGR of 6.1% During The Forecast Period
Staple fibers are variable-length natural, cellulosic, or synthetic fibers that come in a variety of compositions. Raw cotton, wool, hemp, or flax are the most often utilized raw materials, with cotton and wool being the most common. Staple fibers, on the other hand, are frequently produced from different raw materials such as angora, alpaca, flax, and mohair. Staple Fibers Market size was assessed at USD 28.38 billion in 2020 and is expected to increase at a CAGR of 6.1 percent from 2021 to 2028, to reach USD 45.55 billion by 2028. Due to rising per capita disposable incomes and increased demand for cost-effective synthetic fibers, the polyester segment in the global Staple Fibers Market has the most market potential, particularly in developing nations such as Russia, China, India, Indonesia, and others. Other important factors driving demand for polyester fibers in the global Staple Fibers Market include a shift in consumer demand and a rise in the pricing of natural staple fibers s