The coconut shell powder market had a value of around USD 310 million in 2022, according to a recent study by Expert Market Research published, “Global Coconut Shell Powder Market Size, Share, Analysis, Report and Forecast 2023-2028.” The market is anticipated to continue expanding at a CAGR of 8.10% between 2023 and 2028 to reach a value of USD 490 million by 2028, supported by the rising demand for environmentally friendly and sustainable products and the expanding applications of coconut shell powder in several sectors.
Coconut shells are crushed and powdered to create coconut shell powder, a fine, granulated powder. It is renowned for having a high lignin and cellulose content as well as a remarkable resistance to absorbing water. Due to these qualities, it is the best raw material for a variety of goods used in a variety of sectors, such as composite manufacturing, agriculture, and cosmetics.
As a byproduct of the coconut business and in addition to its natural qualities, coconut shell powder is highly valued for its sustainability. The global coconut shell powder market is expanding as a result of consumers’ growing choice for environmentally friendly and sustainable products. An increase in demand for items made from coconut shell powder has been caused by the considerable movement towards eco-friendly alternatives as a result of rising knowledge of the environmental advantages of using sustainable resources.
The growing popularity of coconut shell powder has also been aided by the move toward green manufacturing techniques. It is a highly sought-after ingredient in goods aimed at the expanding eco-conscious consumer group because it is an organic and biodegradable material.
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The market growth of coconut shell powder is also significantly fueled by the rising uses of coconut shell powder in numerous sectors. Coconut shell powder is used as a natural exfoliator in skincare products in the cosmetics sector. Coconut shell powder is used in agriculture because of its superior water-retention capabilities, making it an important ingredient in the creation of fertilizers and soil conditioners.
The intrinsic resistance of coconut shell powder to water absorption makes it a necessary component in the creation of waterproof composite boards, supporting the expansion of the coconut shell powder market. Last but not least, the food and beverage industry has been focusing on coconut shell powder as a potential component for natural food preservatives as a result of the growing need for sustainable alternatives.
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The development of the coconut shell powder market has been aided by the increase of eco-conscious consumerism and the growing acceptance of green manufacturing techniques. Coconut shell powder has become an essential ingredient in the creation of numerous eco-friendly products.
Coconut Shell Powder Market Segmentation
Market Breakup by Mesh Size
- 80-100 Mesh
- 200-300 Mesh
Market Breakup by Application
- Insect Repellent
- Activated Carbon
- Extender and Filler
- Absorbent
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global coconut shell powder companies.
- Nguyen Nga Lau Co., Ltd
- Kasturi Coconut Processing
- New Century Vietnam Organic Company Limited
- Rich Moon Co. Ltd.
- Anitha Exports
- Shree Balajee Magnesite
- Others
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