Coir is a natural fiber extracted from coconut husks that is used to make various products for industries like construction and agriculture. The document discusses the global coir market size and trends, research methodology used to analyze the market, factors driving demand like eco-friendliness and the hydroponics industry, top players in the market, and efforts by the Kerala government in India to modernize the coir industry. It also segments the coir market by type, application, and region.
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Extracted from the husk of coconuts, coir is a natural fiber. It is found between the internal, hard shell and the outer
layer of coconut. The products made from coir are used in various industries such as geo-textile, upholstery, hydroponics,
agriculture and horticulture. Consumers are preferring eco-friendly products, which increases the demand for coir
products. Hydroponics industry is trending in some of the developed regions including North America and Europe, which
has ultimately increased the demand for coir pith because of its extraordinary properties.
Coir fiber is traditionally used to produce rugs, coir rope, doormats, twines, brushes and brooms due to their cutting-
edge properties such as soil erosion control capacity, higher water absorption capacity and high durability. Coir has its
originality in the Asia Pacific region, especially in Srilanka and India where coconuts are produced in huge quantity and
exported all over the globe.
Research Methodology
An exclusive research methodology adopted by the research analysts is the mixture of secondary and primary research.
There are various key steps followed by the team of experts to make this report a comprehensive one. For instance the
first step of the research methodology is information procurement. This stage involves obtaining market data or relevant
information with the help of several methodologies and sources. After procuring information the next obvious step is
providing thorough analysis of the information. The analysts mapped and analyzed all the necessary information
gathered with the help of primary and secondary research. It also includes analyzing differences in data observed
through different data sources.
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In order to assume viable conclusions the data points are placed at appropriate places in the market. Validation of
data is the most significant step in research methodology. Not only validation but re-validation with the help of
complicatedly designed process, assists QY Research in finalizing data points, which are used for the final calculation.
Market Dynamics
● Coir has advanced properties such as enhancing soil stability and controlling soil erosion. It therefore emerges as
a low-cost and eco-friendly option for geotextile, which is used in horticulture, agriculture and civil engineering
● Coir is a completely natural and organic resource, which is not harmful. Coir fiber is used as a substitute for wood.
These factors are contributing to the growth of the global coir market
● The growing demand for hydroponic tomatoes and other vegetables has increased in the past few years. Coir pith
is the significant component that is used to grow media for the hydroponics system, which ultimately responsible for
the growth of the market
Top Players in the Market
Some of the key players operating in the global coir market are Classic Coir, Geewin Exim, BENLION COIR INDUSTRIES,
SMS Exporters, Travancore Cocotuft, Sai Cocopeat Export, Kumaran Coir and Allwin Coir.
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Kerala Government’s Efforts to Modernize India’s Coir Industry
While flax, cotton and hemp have developed over time, coir is far behind and slowly emerging which tells a story of its
struggle to survive. However, due to a series of efforts taken by the Kerala government the coir industry is changing
eventually. Introducing various new products and machines for making yarn is on the agenda of the Kerala
Government.
Market Segmentation
By Type
● White Fiber
● Brown Fiber
By Application
● Carpentry Industry
● Food Industry
● Fishing Industry
● Agriculture Industry
● Upholstery Industry
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SUPPLY SIDE DATABASE MACROECONOMIC INSIGHT
In-depth interview Data Mining & Handling Build Connection Data Verification
Interviews of:
Manufacturers, Distributor,
Opinion Leaders, Industry Experts,
Front-line Staff, Directors, CEO,
Marketing Executives, Technology,
Innovation Directors and
Executives from Related
Industries and Organizations
Through interviews, research
analysts collect & sort data and
establishes research models.
Secondary Sources:
Annual Reports, Presentations,
Press Releases, Journals, Paid
Databases
All possible demand side factors
that influence the markets: Effect
of inflation, economic downturns,
and changed regulations & policy
or other factors
Market Size is validated through
Primary Sources and Secondary
Sources Establishing point to
point products and capital flows
within the chain
RESEARCH METHODOLOGY
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