Biocomponent fiber market is anticipated to grow at a considerable CAGR of 6.6% during the forecast period (2024-2031). Bicomponent fiber is a specialized type of textile fiber composed of two different polymer components within a single filament. It offers unique properties and performance characteristics, making it highly versatile for various textile applications.

Market Dynamics

Growing Demand for Sustainable Fibers

The primary growth potential in the global bicomponent fiber market is closely linked to the increasing need for sustainable fibers, which aligns with the global trend toward adopting environmentally responsible practices. The use of bicomponent fibers presents itself as a possible approach to address these concerns in light of the increasing emphasis on sustainability from both consumers and industries. The use of recycled materials to produce bicomponent fibers represents a significant aspect of this opportunity. In addition, manufacturers have the potential to repurpose post-consumer or post-industrial waste, specifically plastics, by transforming them into bicomponent fibers. This practice helps alleviate the strain on landfills and decreases the demand for virgin resources.

Additionally, the recycled bicomponent fibers are highly appealing to consumers who prioritize environmental sustainability and actively seek out products with minimal environmental impact. Moreover, the bicomponent fibers made from biodegradable materials have considerable potential in various industries where disposability is prevalent, particularly in the realm of single-use hygiene products. These fibers' natural degradation process efficiently addresses environmental concerns while contributing significantly to larger sustainability goals.

Growing Demand for Hygiene and Healthcare Products

The global bicomponent fiber market is further driven by the increasing demand for hygiene and healthcare products. Changes in population structure, shopper tastes, and an emphasis on personal cleanliness and wellness all contribute to the product's rising popularity. In addition, the aging population across different regions worldwide is a key factor driving the demand. The growing population of elderly individuals has led to a substantial rise in the demand for products specifically designed for their needs, such as adult diapers and incontinence products. Bicomponent fibers play a crucial role in these products, providing essential qualities such as softness, exceptional absorbency, and efficient moisture management. The qualities above are instrumental in ensuring the optimal comfort, dignity, and hygiene level for elderly users, effectively addressing a pressing requirement within this expanding demographic segment.

Market Segmentation

Our in-depth analysis of the global biorefinery market includes the following segments by type, product, and technology:

• Based on material, the market is sub-segmented into PE/PP, PE/PET, Co-PET/PET and   Polyester/PBT5.

• Based on structure types, the market is bifurcated into sheath-core, side-by-side, islands in the sea, and other structure types.

• Based on end-user industry, the market is augmented into non-woven textiles, automotive, hygiene, construction, medical and other end-user industries.

Hygiene is Projected to Emerge as the Largest Segment

Hygiene is projected to emerge as the largest segment as well as the fastest-growing segment of the market during the forecast period. Rising health and hygiene awareness among people around the world is fueling the growth in the demand for various hygiene products, such as feminine products, baby diapers, and wipes. Also, the demand for disposable hygiene products, such as diapers and sanitary napkins, has been growing in line with the world's population increase. Key requirements for hygiene products, such as softness, better fluid absorption, low irritation to the skin, high strength, and high bulkiness, are efficiently fulfilled by bicomponent fiber. 

In April 2023, Millie Moon baby diapers announced their launch in Canada. Millie Moon claims to be a clean, luxury diaper brand offering high-performance and beautifully crafted diapers and sensitive wipes at affordable prices. The company also claims that the materials in its Luxury Diapers are extremely soft on babies' skin and engineered with CloudTouch Softness for optimum comfort.

Co-PET/PET Sub-segment to Hold a Considerable Market Share

Based on the material type, Co-PET/PET dominates the bicomponent fiber market in terms of both, value and volume shipments. Co-PET/PET is used in a wide range of applications in the non-woven industry having a melt temperature below 110°C. Desirable strength, lightweight, better dyeability, wrinkle-resistance, cost-effective nature, and excellent wash wear properties are key capabilities of the product category. PE/PP bicomponent fiber has superior properties, such as enhanced softness, bulkiness, and liquid absorption properties, which have led to its significant demand in the US and Western European countries.

Regional Outlook

The global biocomponent fiber market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). North-America is the fastest-growing category as the region's well-established industries, such as healthcare, hygiene products, and automotive, drive the demand for bicomponent fibers. In addition, North America strongly emphasizes product innovation and sustainability. The increasing demand for eco-friendly materials and stringent quality standards in healthcare contribute to the growth of bicomponent fiber usage in this region.

Global Biocomponent Fiber Market Growth by Region 2024-2031

Asia-Pacific Holds Major Market Share

Among all the regions, Asia-Pacific holds a significant share owing to theregion's population growth, urbanization, and increasing disposable income. Countries like China and India have robust manufacturing sectors. The region's booming hygiene product industry and growth in the automotive and construction sectors significantly contribute to the demand for bicomponent fibers.Several diaper manufacturing companies in India are focusing on product innovation and expansion, which is further likely to drive the demand for bicomponent fibers. For instance, in January 2023, Kimberly-Clark announced the relaunch of its iconic diaper brand, Huggies, with the new ‘Huggies Complete Comfort’ range in Inida.

Market Players Outlook

*Note: Major Players Sorted in No Particular Order.

The major companies serving the global biocomponent fiber market include TORAY Industries Inc.,    Far Eastern New Century Corp., Huvis Corp., Indorama Ventures Public Company Ltd. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in October 2022, Teijin Frontier Co. Ltd, a subsidiary company of Teijin Limited, opened a new manufacturing facility for the highly efficient production of polyester filaments. The company invested JPY 1 million (USD 0.01 million) in constructing this facility, and it is expected to produce 1,500 tons of polyester filaments, including bicomponent fiber, annually by the end of the year 2024.

The Report Covers

• Market value data analysis of 2023and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global biocomponent fiber market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.