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stanley_imarc
stanley_imarc
02 Jan 2025 10:24

Global Coco Coir Market Statistics: USD 628.6 Million Value by 2033

Summary:

  • The global coco coir market size reached USD 393.8 Million in?2024.
  • The market is expected to reach USD 628.6 Million by 2033, exhibiting a growth rate (CAGR) of 5.07% during 2025-2033.
  • North America leads the market, accounting for the largest coco coir market share.
  • Coco coir grow bags account for the majority of the market share in the product segment due to their convenience and ability to promote healthy plant growth.
  • Based on the nature, the market has been bifurcated into organic and conventional.
  • Coconut meals remain a dominant segment in the market owing to their high protein content and nutritional benefits.
  • Green houses represent the leading consumer segment.
  • The growing preference for organic and sustainable agricultural products is a primary driver of the coco coir market.
  • The rising popularity of indoor gardening and horticulture are reshaping the coco coir market.

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Industry Trends and Drivers:

  • Growing demand for organic and sustainable products:

Increasing trend towards consumption of organic and sustainable farming is the main driver in the market. Coco coir derived from coconut husks has a peculiarity of being organic instead of peat and synthetic products. It improves soil structure, aeration, water infiltration and retention without the use of other chemicals that are deleterious to the environment. This tallies with the current trend where individuals are changing to organic farming and practicing environmentally friendly gardening. Also, growing concern with climate change and sustainable use of products that has lead to the use of coco coir. This trend is evident amongst farmers, landscapers and horticulturists. Further, contractions and policies for sustainability in products are developing a market for organic produce.

  • Rising trend of hydroponic farming:

Hydroponics is a farming technique where plant do not require soil for its gr econ. it is known for its conservation of water and flexibility in managing conditions of plant growth. Hydroponics, coco coir is an excellent substrate for plant growth ideal for hydroponics. They help it retain water, drain properly and prevent diseases and pest attack. Coco coir is being widely used especially now that people are into urban and indoor farming due to limited land for farming. However, new developments in hydroponics and requirements in the increasing food requirements for the growing world population further apply pressure on the use of coco coir.

  • Increased popularity of indoor gardening and horticulture:

Accelerating urbanization and shrinkage of premises contribute to increasing demand for%u7DDEaerogel, Indoor gardening and horticulture. Coco coir has emerged as one of the favoured growing media among indoor gardeners resulting from a variety of factors ranging from its light weight, simplicity in management and high water holding capacity. It is especially useful for container growing that is increasingly being practiced in cities with limited space for gardening. The consciousness of health and the tendency toward the usage of local products is extending the necessity for indoor gardening further. Hundreds of people are making gardens with herbs, vegetables and ornamental plants using sustainable and organic coco coir which they prefer to use for growing healthy indoor plants.

The coco coir market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

Coco Coir Market Report Segmentation:

Breakup By Product:

  • Coco Coir Grow Bags
  • Bales
  • Open Tops
  • Blends and Loose Substrate
  • Others

Coco coir grow bags represent the largest segment because they are versatile and highly efficient for commercial and home gardening applications.

Breakup By Nature:

  • Organic
  • Conventional

On the basis of the nature, the market has been bifurcated into organic and conventional.

Breakup By Application:

  • Rope and Cordage
  • Coco Nets and Twines
  • Stitched Mats
  • Coconut Meals
  • Husk
  • Others

Coconut meals exhibit a clear dominance in the market as they are a popular byproduct for animal feed and fertilizer, offering multiple uses in agriculture.

Breakup By Consumer:

Coco Coir Market Segments by Consumer

  • Green Houses
  • Sellers

Green houses hold the biggest market share, which can be attributed to the extensive use of coco coir products to optimize plant growth conditions in controlled environments.

Breakup By Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

North America enjoys the leading position in the coco coir market due to the growing trend of organic gardening, hydroponics, and sustainable agriculture practices in the region.

Top Coco Coir Market Leaders: 

The coco coir market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

Coco Coir Market Key Players

  • Allwin Coir Products
  • Bali Coco Company
  • Benlion Coir Industries
  • Coco Green (Pvt) Ltd
  • Consarc (Pvt) Ltd
  • Fibredust LLC
  • Klasmann-Deilmann GmbH
  • Kumaran Fibres
  • Lanka Coco Products (Pvt) Ltd
  • Natural Coir Industries
  • Pelemix Ltd.
  • Pilipinas Ecofiber Corporation
  • SMS Exports

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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