The report on the Viscose Staple Fiber Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2027. The report also offers insights into different market segments and other factors affecting the market.
The viscose staple fiber market is estimated to grow at a decent CAGR of 4.2% during the forecast period.
Major factors such as growth in the clothing and automotive industries, as well as rising demand for clothing and apparel, are expected to drive the market growth during the forecast period. Furthermore, rising disposable income and demand for viscose staple fiber to manufacture various types of functional clothing and apparel are expected to drive the market in the coming years.
The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Viscose Staple Fiber market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2022 is probably going to be superior to 2020 for the Viscose Staple Fiber market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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Viscose Staple Fiber Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Viscose Staple Fiber Market is segmented into the following categories.
Based on the application type, the market is bifurcated into woven (textile and apparel), non-woven, and others. The woven (textile and apparel) segment captured the major share of the market in 2021 and is likely to maintain its incontestable lead during the forecast period. Increasing demand for woven fibers, the growing textile industry, as well as digitalization and e-commerce websites for the sale of garments, are driving the segment's growth.
Based on the end-use industry type, the market is segmented as healthcare, automotive, textile, apparel & clothing, and others. Among these end-use industries, the apparel & clothing segment dominates the market. Changing fashion trends, rising disposable income, and surge in shopping habits are expected to drive the growth of the segment over the forecast period.
In terms of regions, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Increasing demand for viscose staple fiber from various industries, as well as the growing textile industry, are likely to drive significant demand for the product in the region. Furthermore, China is a major producer of VSF, and the country's increasing yarn production is likely to drive the regional market growth in the coming years. Also, North America is expected to register the highest growth during the forecast period owing to the rapidly growing clothing industry in The US and Canada.
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