Technavio has announced its latest market research report titled Global Polypropylene Nonwoven Fabric Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Polypropylene Nonwoven Fabric Market 2020-2024 (Graphic: Business Wire)
LONDON--(BUSINESS WIRE )--The global polypropylene nonwoven fabric market size is poised to grow by USD 12.26 billion during 2020-2024, progressing at a CAGR of over 7% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.
The demand for polypropylene nonwoven fabric is increasing in the hygiene end-user application segment due to its specific functionalities such as low weight, low specific gravity, and resistance to bacteria. This segment includes products for babies, adults, and feminine hygiene. Technavio’s market research report identifies that the increased consumption of hygiene products will be one of the primary growth drivers for the global polypropylene nonwoven fabric market until 2024. The consumption of hygiene products is increasing due to the rising preference for personal hygiene and product innovations. The need for hygiene products will continue to increase due to growth in public health awareness and upliftment of living standards. This, in turn, will boost the application of non-woven polypropylene fabric.
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Emergence of Bio-based Polypropylene will be a Key Market Trend
The preference for synthetic polypropylene is declining due to the growing environmental concerns associated with the production and use of fossil fuel-derived polypropylene. This has encouraged the development of bio-based polypropylene. The emergence of bio-based polypropylene is identified as one of the key polypropylene nonwoven fabric market trends that will gain traction in the next four years. Bio-based polypropylene has a huge market demand, which is encouraging numerous large players to invest heavily in research and developmental activities for the manufacturing of bio-based polypropylene.
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Polypropylene Nonwoven Fabric Market 2020-2024: Key Highlights
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
The Global Polypropylene Nonwoven Fabric Market will grow by USD 12.26 bn during 2020-2024
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/