Apparel Market Recovery and Financial Overview
Cellulose gap and sustainable fiber gap expected to
remain unchanged key drivers for the future
Expected long-term growth rates p.a., %
~1%
Population
-2-3%
Fiber market
-3%
GDP
~4-6%
Wood-based
cellulosic fibers
>20%
Lyocell
• Global fiber demand expected to continue its long-term growth trajectory at -2-3 % p.a.
• Wood-based cellulosic fibers (WBCF) forecasted to grow ~4-6 % p.a. due to cellulose gap
Highest growth expected in Lyocell with > 20 % p.a.
Shift to sustainable fibers such as Lyocell (sustainable fiber gap) driven by growing consumer demand,
criticism from NGOs, and anticipated regulation (e.g., EU Textile Strategy)
• Lenzing is in a strong position to tackle the megatrend of sustainability and to accelerate the transformation of
the textile business from a linear to a circular model
Sources: UN World Population Prospects; IMF; The Fiber Year; Euromonitor; EDANA/INDA; Gherzi; Lenzing estimates
www.lenzing.com
3 May 2023 22
Lenzing
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