Technologically Advanced Stature To Guide The Coir Market

 Persistence Market Research published a report titled Coir Market: Global Industry Analysis 2014 – 2018 and Opportunity Assessment 2019 – 2029, which projects that the coir market is expected to reach more than US$ 457 Mn by the end of 2019 in terms of value, and is forecasted to reach nearly US$ 735 Mn by the end of 2029.

Increasing Production and Export Activity of Coir Products in Different Countries to be Beneficial for the Coir Market

India and Sri Lanka are the top two coir producing countries. According to the Coir Board of India, both countries hold 90% of the global coir fiber production share. Other South Asian countries such as Philippines, Thailand, and Vietnam are also involved in manufacturing and exporting coir products but not at a large scale. As coir products became beneficial for various industries, more countries are entering the coir business. India is the biggest exporter of coir products, whereas Sri Lanka is the biggest exporter of coir fibers. The growth in these two countries is influencing other countries to expand the coir business in their region as well.

Request for Sample Report: https://www.persistencemarketresearch.com/samples/21295

Coir is the byproduct of coconut, and coconut is one of the most cultivated crops in the South Asian region. India, Sri Lanka, Vietnam, and Indonesia are the countries which lead coconut production worldwide. Widely-used coir products such as coir fiber and coir pith, are mostly manufactured in India and Sri Lanka, while other South Asian countries Indonesia, Vietnam, and Thailand are also trying to penetrate the coir production and export business by increasing their production capacities. Furthermore, coir is one of those rare products, which are eco-friendly as well as available at a low cost. Coir manufacturing can be done manually, as well as mechanically, and both are economically viable. So countries such as Vietnam, Indonesia, Thailand, etc. are entering the coir production and export business. Increasing coir production and export capacity in these countries is creating more demand for coir products worldwide.

global coir market

Hydroponics, the New Trend in Farming, is Creating More Demand for Coir Pith as a Soil-less Growing Media

Hydroponics, a soil-less method of farming, has become the new trend in farming. In hydroponics, farming nutrition is provided directly through ingredients such as coir pith. Coir is mostly used in hydroponics due to its water absorption property. Various coir products are specially designed for hydroponics farming- coir pith blocks, coir pith bricks, coir disc, grow bags, open top grows bags, etc. In hydroponics, plants grow quickly, without any use of pesticides and chemicals, and result in a lot of space saving. Hydroponics has emerged as a viable solution for desert areas where cultivation of crops is difficult due to the unavailability of soil. Hydroponics can be used in desert to grow crops, which help to meet the demand for required vegetables and fruits in the region. Coir products used for hydroponics are also re-usable, which is another advantage of coir products. Growing adoption of coir production in hydroponics mostly in developed countries is anticipated to benefit the coir market.

Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com

By End Use, the Coir Pith Segment is expected to Remain Prominent

By end use, coir pith is a prominent segment in the coir market. The growing adoption of hydroponics, use as an eco-friendly substitute for peat moss, and better nutritional content are supporting the growing demand for coir pith in the coir market. At present, coir pith has become one of the most pivotal ingredients used in horticulture and hydroponics industries. Coir pith is widely utilized in agriculture industry and is also dominating horticulture and hydroponics, which is among the factors expected to drive the growth of the coir market.

Key Producers of Coir

Some of the key players included in the coir market report are FiberDust LLC, Pelemix LTD, Coco Agro, Selvam Coco Tech, SMS Exporter, S V Coir, R.A Coir Export, Allwin Coir, Vaighai Agro Products Limited, Thiraviyam Coco Products, Nature’s Bounty PLC, Kumaran Fibres, Nelsun Coir (P) ltd, SIVANTHI JOE COIRS, Duinkop, Thuran Coir Mills, Boyce Agro, Eco Coir World, Srimathi Exports, Natural Coir Industries, and King Hydroponics.

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/21295

About Us: Persistence Market Research

Contact Us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com

Comments

Post a Comment

Popular posts from this blog

A CAGR Of 15% Expected To Be Registered Between 2031 For Disinfection Robot Market

  According to a revised report published by Persistence Market Research, the global   disinfection robots market  valued at   US$ 1 Bn   in 2020, and is predicted to surge at a   CAGR of more than 15%   during the forecast period (2021–2031). Impact of the COVID-19 pandemic due to the spread of SARS-CoV-2 has tested the obtainability of traditional disinfectants, which has led to a spike in demand for disinfection robots from institutions and companies. These robots are deployed progressively as an artless solution for the instantaneous decontamination of all surfaces of common areas and rooms, and, as such, they seem an attractive alternative for reducing dependency on cleaning services. Presently, disinfection robots are not an alternative to hospital cleaning services, but can be a complementary solution. Get Sample Copy of this Report @  https://www.persistencemarketresearch.com/samples/22822 Various companies received FDA & CE appro...
Read more

Servo Motors Drives Market: Future Forecast Indicates Impressive Growth Rate 2019 – 2029

Image
  The global servo motors and drives market was valued at  ~ US$ 9 Bn in 2014,  and is expected to surpass  US$ 12 Bn  by the end of  2019 . The servo motors and drives market is expected to grow at a  CAGR of ~ 8% between 2019 and 2029 , and is estimated to reach a global value of  ~ US$ 28 Bn  by the end of  2029. Persistence Market Research released a new market study on the servo motors and drives market, which includes the global industry analysis  2014–2018  and forecast  2019–2029 . The report studies the global servo motors and drives market and offers an in-depth analysis for the next ten years. The report on the global servo motors and drives market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global servo motors and drives market. The report on the servo motors and drives market also discusses restraints that are expected to hamper the global market, a...
Read more

Increased Adoption of Virtual Desktop Infrastructure Market across End-Use Industries to Fuel Revenue Growth During the Forecast Period by 2030-Persistence Market Research

  As per findings of a new market research report by Persistence Market Research, the global   virtual desktop infrastructure market   reached a valuation of nearly   US$ 3.5   Bn in   2019 , and is anticipated to exhibit a CAGR of around   12%   during the forecast period of   2020  to   2030 . The adoption of BYOD allows employees to bring their own devices in the organization, which allows then to access company information and applications via virtual desktop infrastructure. With such a BYOD policy, both, employers and employees can avail benefits such as reliable data backup, cost savings, expanded mobility, increased productivity, and job satisfaction. Virtual desktop infrastructure helps secure the employee devices, as it supports a highly secure infrastructure. This system is like screen-scraping technology used with mainframe computers, where no actual data is delivered to the device, and all data remains in the data center...
Read more