December 04, 2023 19:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.
NEWARK, Del, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The global non woven fabric market is anticipated to reach a valuation of US$ 45.1 billion in 2024, driven by increasing growth of e-commerce packaging industry. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.6% between 2024 and 2034, and reaching a total valuation of approximately US$ 70.7 billion by 2034. Paper Bag Machine
One of the major factors contributing to the growth of the market is the growing demand for elastic based non woven fabrics, for disposable diapers and adult incontinence products. Manufacturers are focusing on creating softer, more comfortable, and highly elastic materials for these applications.
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The ongoing emphasis on hygiene and health has led to a focus on non woven fabrics with antiviral and antimicrobial properties. The materials are gaining importance, especially in healthcare settings and the production of personal protective equipment.
Non woven fabrics are extensively used in the medical field for products like surgical drapes, gowns, and wound dressings. The continuous growth in the healthcare industry, and the need for high performance medical textiles present opportunities for non woven fabric manufacturers.
The fabrics are increasingly used in agriculture for applications such as crop protection, mulching, and soil stabilization. The expansion of agriculture sector and the need for sustainable farming practices contribute to the demand for these materials.
Innovations in non woven materials for packaging applications, such as temperature sensitive packaging or materials with enhanced barrier properties, are expected to drive growth in the packaging sector. The consumer trend towards convenience and hygiene is driving the demand for disposable products, such as wipes and hygiene products, which extensively use non woven fabrics.
Key Takeaways from the Market Study
"Customization of non woven fabrics to meet specific industry needs and preferences is becoming more common. Manufacturers that can innovate and offer tailor made solutions for various applications are likely to see increased demand," remarks Senior Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
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Prominent players in the non woven fabric market are E.I. du Pont de Nemours & Co., Ahlstrom Corporation, Avintiv, Inc., Kimberly-Clark Corporation, P.H. Glatfelter Co., Freudenberg SE, Suominen Corporation, Toray Industries Inc., and Albarrie, among others.
Future Market Insights offers an unbiased analysis of the global non woven fabric market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the non woven fabric market, the market is segmented on the basis of polymer type (polypropylene, polyethylene, polyethylene terephthalate, wood pulp, rayon, and others), function (disposables, and durables), application (hygiene, medical, filtration, automotive, building & construction, and others), and technology (spunbond, wet laid, dry laid, and air laid), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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Segmentation Analysis of the Non-Woven Fabric Market
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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The Nonwovens converting machine such as nonwoven bag making machine, nonwoven disposable wipe roll packaging machine, nonwoven facemask making machine, etc. are some of the machines, which are gaining traction over the forecast period.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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