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Global Industry Size:
The global nonwoven market size was valued at USD 43.7 billion in 2020 and is expected to reach USD 64.8 billion by 2027, growing at a CAGR of 5.5% during the forecast period.
India Industry Size:
The Indian nonwoven market size was valued at INR 12,000 crore (USD 1.7 billion) in 2020 and is expected to reach INR 25,000 crore (USD 3.5 billion) by 2027, growing at a CAGR of 9.5% during the forecast period.
Number of Players in India:
There are approximately 200-250 players in the Indian nonwoven industry, with a mix of large-scale manufacturers, small and medium-sized enterprises, and regional players.
Growth Rate:
The Indian nonwoven industry has been growing at a CAGR of 9-11% over the past few years, driven by increasing demand from the hygiene, healthcare, and industrial sectors.
Factors Causing the Industry to Thrive in India:
Future Potential:
The Indian nonwoven industry has significant potential for growth, driven by increasing demand from various end-use industries and growing awareness of hygiene and sanitation.
The industry is expected to benefit from the "Make in India" initiative, which aims to promote domestic manufacturing and reduce dependence on imports.
Some other trends and factors that may impact the industry include:
Note: The data and figures mentioned above are approximate and sourced from various industry reports, research studies, and market analysis.
We offer below solutions to the Nonwoven industry -
Perforation System from Punch and Pin.