The global lyocell fiber market reached a value of $891 million in 2017 according to “Lyocell Fiber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” released by ResearchAndMarkets.com. Over the past few years, changes in fashion trends are a major factor driving the growth of the market. In addition, several modern fibers and technologies have been developed, increasing the use of better quality materials. This has contributed to a greater demand for lyocell fiber across the globe. Moreover, there has been an increase in the demand for biodegradable fibers as well as in the awareness regarding the utilization of sterilized products for health care purposes.