The global demand for Coco Coir Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Coco coir, a byproduct of coconut processing, is an alternative growing medium used in hydroponics and gardening. The ability to retain water, its root-supporting structure, and its deterrence of fungus gnats and certain diseases make it an ideal growing medium in hydroponics. There are three different types of coco coir, and choosing the right mixture can yield the best results. Several coir grades are available in the market, and the coco coir's quality largely depends on the techniques used for harvesting, preparation, and processing of the coconut husk. Being an inert growing media, supplementing the plants with additional nutrition is a necessity. Coco coir can be blended with soil to create a growing medium that drains well and lasts for years without decomposing.
Increased adoption of soilless potting alternatives for better moisture retention and resistance to rot and fungus will be the key stimulants favoring this market's growth. The increased use of hydroponics to meet burgeoning global food demands and coco coir use as the most suitable eco-friendly growing medium will boost the market growth. Rising government initiatives to promote horticulture and hydroponics-based farming will be a market booster. Growing awareness about the benefits of soil alternatives concerning global warming and home gardening benefits will further propel market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of coco coir.
The entire coco coir market has been sub-categorized into product, application, and consumer. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Coco Coir Grow Bags
- Coir Material
- Open Tops
- Blends & Loose Substrate
- Rope & Cordage
- Coco Nets & Twines
- Stitched Mats
- Coconut Meals
This section covers regional segmentation which accentuates on current and future demand for coco coir market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Coco Coir Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coco coir market include Firedust, Pilipinas Ecofiber Corporation, Universal Coco Indonesia, Lima Group, Pelemix Ltd., Consarc Pvt Ltd., Bali Coco Fiber, Cocofiber, Coco Green Pvt Ltd., Lanka Coco Products. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.