Because of its ability to absorb water, coconut coir is well suited for use in hydroponic and horticultural settings. This makes it an environmentally beneficial product. The expansion of the coconut coir market is being driven by a growing demand for environmentally friendly products that have lightweight features, as well as an expanding upholstery sector. For example, the Association of Furniture Manufacturers of India (AFMI) estimates that the value of the furniture sector in India was $17,922 million in 2015. This figure was reported for the year 2015.
According to the same source, the Coconut Coir market for furniture intended for use in private residences is anticipated to be worth 15 billion dollars by the year 2020.
Key Companies in the Coconut Coir Industry:
1. Geewin Exim,
Geewin Exim,was founded in 2011 and its headquarter Madurai india.The company operates in 20 countries.
2. Sai Cocopeat Export Private Limited
Sai Cocopeat Export Private Limited founded in 1992, and it’s located in Dindigul East, Dindigul.The company operates in50 Countries. In 2021 Coco peat is an efficient hydroponic material, since plants grow 50 Sai Cocopeat Export Private Limited is an ISO certified company
3. MS Exporters
MS Exporters was launch in 1989 and it’s headquarter located in Thrissur, Kerala india.it operate over 60 country.
