PUBLISHER: The Business Research Company | PRODUCT CODE: 1657250
PUBLISHER: The Business Research Company | PRODUCT CODE: 1657250
Non-woven fabrics are engineered fabrics made from fibers that are bonded together through various mechanical, chemical, thermal, or solvent processes, rather than being woven or knitted. These fabrics are versatile, lightweight and durable, making them an essential component across a wide range of industries.
The non-woven fabrics market consists of sales, by entities (organizations, sole traders, or partnerships), of non-woven fabrics that involve various technologies that determine their structural properties and end-use functionalities. Fibers used in non-woven fabrics can be natural, such as cotton or wool, or synthetic, including polyester, polypropylene, or nylon. Depending on the technology used, the fabrics can be made to suit diverse needs, from soft and absorbent hygiene products to robust and durable industrial materials.
The global non-woven fabrics market was valued at $18,296.02 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 8.00%.
Favorable Government Initiatives
The favorable government initiatives supported the growth of the non-woven fabrics market during the historic period. Governments frequently offer financial incentives, grants and subsidies to manufacturers of non-woven fabrics, particularly in sectors such as healthcare, construction, automotive and packaging. These initiatives help reduce production costs, support R&D efforts and foster product innovation. In addition, governments implement regulations that promote the use of sustainable materials, particularly in industries like healthcare and packaging. For instance, in September 2024, the governor of Virginia, Glenn Youngkin announced that Shalag U.S., Inc. a US-based manufacturer of non-woven fabric, will invest $16.6 million to establish a new manufacturing facility in Mecklenburg County. The project secured a $117,460 grant from the Commonwealth's Opportunity Fund to support Mecklenburg County. This funding aims to enhance local economic development and infrastructure. This initiative supports Governor Glenn Youngkin's broader economic strategy aimed at boosting Virginia's competitiveness and attracting investments. Additionally, in August 2024, Union Minister for Textiles, Shri Giriraj Singh, inaugurated the 10th Non-Woven Tech Asia 2024 International Exhibition, at the Bombay Exhibition Centre in Mumbai. This significant event serves as a premier platform for stakeholders in the non-woven textiles industry, showcasing innovations and facilitating networking among manufacturers, suppliers and buyers from around the globe. The Minister noted that non-woven textiles not only have applications in healthcare but also hold potential for revolutionizing agriculture and generating employment. Therefore, the favorable government initiatives drove the growth of the non-woven fabrics market.
Strategic Partnerships Driving Innovation In Non-Woven Fabrics
Companies operating in the non-woven fabrics market are adopting strategic partnerships approach to develop advanced fabric solutions. Strategic partnerships help non-woven fabrics companies to combine resources and expertise, enhancing research and development capabilities, expanding market reach and accelerating commercialization, ultimately driving innovation and growth in the non-woven fabrics industry. For instance, in April 2023, SharpCell Oy, a Finland-based manufacturer of sanitary paper products, partnered with Valmet Corporation, a Finland-based provider of technologies for the pulp, paper and energy industries. This partnership aims to advance nonwoven automation and quality control, combining Valmet's expertise in measurement and control technologies with SharpCell's process insights. The collaboration seeks to deliver cutting-edge solutions, enhancing nonwoven quality control and automation. Both organizations aim to establish lasting partnerships and make significant contributions to the nonwoven sector.
The global non-woven fabrics market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 11.5% of the total market in 2023.
Non-Woven Fabrics Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global non-woven fabrics market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for non-woven fabrics? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The non-woven fabrics market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider non-woven fabrics market; and compares it with other markets.