Textile Enzymes Market Global Trends And Revenue Growth Up To 2030 Textile Enzymes Industry The

Rahul Nikade

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Textile Enzymes Market Global Trends And Revenue Growth Up To 2030

Textile Enzymes Industry

The global textile enzymes market is projected to reach USD 694.9 million by 2030, registering a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030, as per a new report by Grand View Research, Inc. The primary drivers behind this growth include the increasing emphasis on more efficient and sustainable textile processing methods in textile mills and garment laundries. Additionally, technological advancements in synthetic fabric finishing and the desizing process for denim are expected to play a key role in shaping the future outlook of the textile enzymes market.

The future development of this market is highly influenced by the evolving consumer preferences, particularly the rapid shifts in fashion trends, with a strong focus on apparel. The increasing demand for synthetically finished fabrics and high-quality textiles, driven by the growing number of younger consumers with higher disposable incomes, is expected to significantly contribute to the market expansion over the forecast period.

Enzymes used in the textile industry are essential in the production of fabrics and clothing, particularly in the finishing stages. These enzymes are known for speeding up various processes and are specifically designed to work with certain substrates. The use of enzymes in textile processing is one of the fastest-growing areas within the textile sector. Common enzymes like amylases, catalases, laccases, and others are widely used in a variety of applications, including desizing fabrics and finishing denim.

During the COVID-19 pandemic, the global textile market experienced significant disruption, as the production of textiles and fabrics was halted, leading to a sharp decline in demand for textile enzymes, which negatively impacted the market. Countries such as India, Spain, Germany, and China, which are some of the world’s largest exporters of textiles and apparel, were particularly hard-hit by the pandemic. According to a publication by Sage, the Indian textile industry was severely affected by the COVID-19 crisis, with widespread supply chain disruptions, a decrease in demand, and a temporary shutdown of production facilities.

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Textile Enzymes Market Segments Highlights:

The micro-organisms segment witnessed the highest growth rate of 5.4%, owing to their ability to produce enzymes on a commercial scale by the means of isolating these micro-organisms by carrying out the fermentation process
Laccases type witnessed the fastest growth rate of 6.3%, as there has been an increasing focus on these enzymes in recent years on the account of their wide application in the bleaching process
The bleaching application witnessed the highest growth rate of 5.9%, due to the rising demand for clean, soft, and perfect shade textiles throughout the world. Enzymatic bleaching can be used as a replacement for hydrogen peroxide bleaching that gives a relatively hard feel to the textiles
Europe region is expected to witness the fastest growth rate of 5.7% over the forecast period, on the account of the large presence of manufacturers & end-users in the region and exponential growth in the overall textile market
The textile enzyme market is highly competitive due to the large number of manufacturing companies operating in the global market. Companies such as Novozymes, AB Enzymes, DSM, BASF SE, Noor Enzymes, and Kemin Industries, Inc. are some of the key market participants

Textile Enzymes Market Report Segmentation

Grand View Research has segmented the global textile enzymes market report based on source, type, application, and region:

Textile Enzymes Source Outlook (Revenue, USD Million, 2018 - 2030)