Global coco coir market was estimated to be valued at US$ 400.62 million in 2020 and is expected to grow at a CAGR of 9.0% over the forecast period. The global market is anticipated to reach US$ 864.80 million by 2029. No market or industry can stay stable for a long period of time and courtesy of the COVID-19 pandemic, this thing has been proven correct once again. Ever since the dreadful virus started wreaking havoc across the globe, the dynamics of the most of industries are changing every single day. Today the world has succeeded in identifying major problems lying ahead and is making smarter choices, and one of them is opting for organic products. Rise of the Coco Coir market is once such byproduct of the changing world.

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Coco coir, a byproduct of coconut is extensively used in the form of coir fiber and coir pith. The countries that leading the production of coco coir are India and Sri Lanka, followed by other South Asian countries like Indonesia, Vietnam, and Thailand. Unlike other organic products, coco coir is one of those rare products that are available at a very low cost. Additionally it can be used across different industries, not only because of its low cost but also thanks to its greater insulation capability against increased temperature and sound.

The only aspect that goes against this coconut byproduct that it lacks strength as compared to other synthetic products. Not only synthetic-based products are strong but are also durable as they can withstand multiple external factors. Irrespective of issues like strength and durability, the coco coir industry is more likely to boom thanks to its use in the agriculture. While majority of people are going green and turning towards usage of organic products, using coco coir for gardening seems like icing on the cake for them. 

The detailed research study provides qualitative and quantitative analysis of coco coir market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

• Major amount of revenue in the coco coir market is generated from the grow bags segment. Factors like reduced amount of shock during the transit go in the favor of coco coir grow bags, which make their number one choice of the consumers.
• Similar to organic coco coir, there is a huge demand for the rubberized coir as it is used on a large scale by the auto industry
• Coco coir is known for water retention properties, and provide similar or in fact better conditioning to the plants and this is why it is being used extensively by those who love gardening in a limited space.
• Today the number of people adopting pets is going upwards. They ensure that their pets get best, even it comes to bedding. Along with being organic, coco coir gives a cushioning effect and also keeps pathogenic agents at bay.
• The major players operating in the coco coir market include Allwin Coir, BALICOCOFIBER.com, Boyce Argo, Classic Coir, Coco & Coir, Coco Green (Pvt) Ltd, CoirGreen Coco Solutions, Consarc Pvt Ltd, Fertile Fibre, FibreDust LLC, GEEWIN EXIM, Lanka Coco Products, Lima Group, Nature's Bounty PLC., Pelemix Ltd., Pilipinas Ecofiber Corp, PlantBest Inc., Sai Cocopeat Export Private Limited, smscoco.com, Travancore Cocotuft Pvt. Ltd. amongst others.

Coco Coir Market:

By Product Type

• Grow Bags & Grow Slabs
  • Tomato
  • Potato
  • Cucumber
  • Peppers
  • Strawberries
  • Roses
  • Others
• Grow Cubes
• Bales
• Open Tops
  • Cannabis
  • Blueberries
  • Raspberries
  • Others
• Coco Disks
• Husk Chips
• Coir Fiber
  • Brown
  • Yellow
  • White
• Blends & Loose Substrates
• Bricks/Briquette
• Pellets
• Others

By Material Type

• Organic
• Non-Organic

By Application

• Hydroponic Cultivation
• Seedlings & Plant Nurseries
• Home Gardening
• Golf Course & Play Ground Green Turfs
• Animal Bedding
• Others

By End Users

• Residential
• Commercial
  • Agriculture
  • Horticulture

By Distribution Channel

• Online
• Offline

By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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