The global lyocell fiber market is estimated to reach from USD 998.53 million in 2022 to USD 1606.62 million by 2028 at a healthy CAGR of 8.13% during the forecast period. Extensive usage of lyocell fiber in various end-use industries including home textiles, apparels, and medical equipment. Furthermore, rapid development in the healthcare industry and growing awareness of using sterilized products along with the growing popularity of biodegradable fibers.
Orlin Damianov
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