The global polyester staple fibre (PSF) market is expected to reach $39.3 bn by 2025, growing at a CAGR of 6.3 per cent, says a recent report. Rise in the global consumption of sustainable textiles has been a major factor driving market growth. Growing environment consciousness and cheaper price of PSF has increased utilisation of PSF in the market. Solid PSF was the largest product segment in 2016 and is expected to witness a promising growth rate over the forecast period, according to the “Polyester Staple Fibre (PSF) Market Analysis 2014 – 2025” report by Research and Markets. Hollow product segment is anticipated to observe a low growth rate by 2025. In terms of revenue, apparel application segment is anticipated to observe the fastest growth over the next eight years at a CAGR of 6.7 per cent from 2017 to 2025, the report said.