The lyocell fiber market, valued at USD 1.4 billion in 2022, is set to reach USD 2.3 billion by 2031, growing at an 8.1% CAGR. Growth is driven by rising demand for sustainable textiles, with woven fabrics leading the segment and Asia-Pacific holding the largest market share.

Global lyocell fiber market reached USD 1.4 billion in 2022 and is expected to reach USD 2.3 billion by 2031, growing with a CAGR of 8.1% during the forecast period 2024-2031. The global lyocell fiber market has witnessed remarkable growth in the past decade, with increasing consumer awareness and demand for sustainable and biodegradable textile materials.