Reports and Data’s latest research study on the Nonwoven Fabrics market gives a thorough analysis of it. In this report, the global Nonwoven Fabrics market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Nonwoven Fabrics market.
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Market Overview:
The global nonwoven fabrics market size was USD 34 Billion in 2022 and is expected to reach USD 65.19 Billion in 2032, and register a revenue CAGR of 7.5% during the forecast period. Several factors, including an increase in elderly population and increasing consumer awareness of personal hygiene and health, are driving market revenue growth. The demand for adult incontinence products, which are primarily constructed of nonwoven textiles, is being driven by the increase in the elderly population. Nonwoven fabrics outperform woven fabrics in terms of performance, cost, and absorbency, which is driving market revenue growth.
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Moreover, the report provides insight into how the Nonwoven Fabrics market will develop between 2023 and 2032. Companies operating in the Nonwoven Fabrics market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Nonwoven Fabrics market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Nonwoven Fabrics market and estimates market progress in terms of value (USD million) and volume (thousand units).
Strategic Development:
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- In 2021, Freudenberg Group announced the acquisition of Low & Bonar PLC, a UK-based manufacturer of technical textiles. The acquisition is aimed at expanding Freudenberg’s product offerings in the nonwoven fabrics market and strengthening its market position in Europe.
- In 2021, Berry Global Inc. acquired Clopay Plastic Products Company, a manufacturer of breathable films and laminates. The acquisition is expected to enhance Berry Global’s product portfolio in the hygiene and healthcare segments of the nonwoven fabrics market.
- In 2020, Ahlstrom-Munksjö Oyj announced a strategic partnership with Fitesa S.A. for the development and production of sustainable and innovative nonwoven fabrics for the hygiene and healthcare markets.
- In 2020, Toray Industries, Inc. announced the acquisition of Alva Sweden AB, a manufacturer of nonwoven fabrics for the hygiene and medical markets. The acquisition is aimed at expanding Toray’s product offerings in Europe and strengthening its position in the nonwoven fabrics market.
Competitive Landscape:
- Berry Global Inc.
- Freudenberg Group
- Kimberly-Clark Corporation
- DuPont de Nemours, Inc.
- Ahlstrom-Munksjö Oyj
- Fitesa S.A.
- Suominen Corporation
- Toray Industries, Inc.
- Johns Manville Corporation
- Glatfelter Corporation
Segments Covered in Report:
By Material Type Outlook
- Polypropylene
- Polyester
- Nylon
- Others
By Application Outlook
- Hygiene
- Medical
- Construction
- Automotive
- Others
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Key Questions Answered in This report on the Nonwoven Fabrics Market
The report provides detailed information about the Nonwoven Fabrics market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. The information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the Nonwoven Fabrics market, so as to help them formulate successful strategies and take target-driven decisions.
- How are key market players successfully earning revenue from the advantages of the product?
- What will be the Y-o-Y growth of the Nonwoven Fabrics market between 2023 and 2032?
- What are the winning imperatives of market frontrunners in the Nonwoven Fabrics market?
- Which end-user is expected to undertake maximum adoption of the product during the forecast period?
Research Methodology: Nonwoven Fabrics Market
The research methodology adopted by analysts to compile the Nonwoven Fabrics market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Nonwoven Fabrics market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Nonwoven Fabrics market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Nonwoven Fabrics market.
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