The Spunbond Nonwoven Market is being driven by Strong demand for nonwoven materials in APAC
The Spunbond Nonwoven Market is expected to grow at a CAGR of 8.09% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7333 million. In the aftermath of globalization, developing economies have experienced significant economic growth. However, this progress has been accompanied by environmental concerns on a global scale. To mitigate these issues, companies are increasingly embracing sustainability. The textile industry, in particular, is responding to this trend by producing eco-friendly nonwoven products. This shift towards sustainability not only addresses consumer safety concerns but also addresses environmental issues such as pollution and global warming. The growing awareness among both consumers and businesses regarding the detrimental effects of non-sustainable products on the environment and human health is fueling the demand for sustainable alternatives in the nonwoven market.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
184 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
Market growth 2024-2028 |
USD 7333 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
7.32 |
Key countries |
US, China, India, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Spunbond Nonwoven Market is a dynamic and diverse industry that caters to various sectors, including medical products, personal care, and disposable items. This market's flexibility makes it an ideal choice for applications ranging from medical gowns and covers to baby diapers and wipes. The medical industry, in particular, has seen significant growth in the demand for nonwoven materials due to the increasing birth rate and the need for infection control in hospitals. Key players in the Spunbond Nonwoven Market include First Quality Nonwovens and PF Nonwovens. These companies supply nonwoven materials for medical segments such as isolation gowns, face masks, and infectious disease training. Additionally, nonwovens are used in personal care & hygiene products like baby diapers and adult incontinence products. Beyond medical and personal care applications, Spunbond Nonwovens find use in various industries such as automotive, packaging, agriculture, and geotextiles. The raw materials for Spunbond Nonwovens include crude oil, polyethylene, polyester, and polypropylene. The versatility of these materials allows for the production of a wide range of products, from cleaning professionals' uniforms to automotive filtration systems. The Spunbond Nonwoven Market continues to grow due to the increasing demand for disposable products and the need for improved hygiene and infection control. With ongoing research and development, the market is expected to expand further into new applications and industries.
The global textiles market encompasses a broad spectrum of product categories, excluding apparel, accessories, luxury goods, and footwear. According to Technavio's market analysis, the textiles market's size is determined by the consolidated revenues of textiles, apparel, luxury goods, footwear, and accessories manufacturers. Key growth drivers for the textiles market include the increasing demand for geotextiles, which are synthetic, permeable textiles fabricated using polymers such as polyester, polypropylene, polyethylene, and polyamides. These textiles are extensively utilized in various applications, including civil engineering, agriculture, and landscaping, driving market expansion during the forecast period. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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