Non-Woven Fabric Pricing Report

Non-Woven Fabric Prices December 2023

The price of non-woven fabric in China during Q4FY2023 witnessed a surge towards the end of November due to a slight increase in the costs of raw materials like polypropylene. However, the market remained flexible because of innovations in manufacturing processes and the introduction of alternative materials, which led to a concluding price of 1456 USD/MT.

Non-Woven Fabric Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Non-Woven Fabric Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of non-woven fabric pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing non-woven fabric price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Non-Woven Fabric Market Analysis

The global non-woven fabric market size reached US$ 45.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 73.8 Billion, at a projected CAGR of 5.40% during 2023-2032.

• The global rise in health awareness has significantly boosted the demand for hygiene products, such as baby diapers and feminine hygiene products, which extensively use non-woven fabrics. As per a report by the Indian National Family Health Survey 5 (NFHS 5), the percentage of women aged 15-24 years using hygienic methods of protection during their menstrual period has increased from 58 % in NFHS 4 (2015-16) to 78 % in NFHS 5 (2019-21). Similarly, the usage of sanitary napkins has also increased from 42% to 64%. In Bihar alone, there was a 30% rise in the use of sanitary pads among young women ages 15-24 years, that is, from 27.8% in 2015-16 to 58.8% in 2019-2020. A study by Population Services International (PSI) estimated that 35.4 million adolescent girls exclusively used commercial sanitary pads, and 19.2 million adolescents used a mix of sanitary pads and homemade products. The market for sanitary pads in India is growing at a rate of 8.8% annually and is expected to reach US$ 1,659.6 million by 2032. This has increased the use of non-woven fabric in sanitary pads in India.
• The non-woven fabric demand is further amplified by its utilization in the medical field for producing sterile, disposable items such as gowns, drapes, face masks, and bandages. As the market for medical non-woven disposables increases at a rate of 7.1% annually, reaching US$ 24.0 billion by 2032, the demand for non-woven fabric will also surge. Moreover, the ongoing expansion of healthcare facilities worldwide and increasing standards for hygiene to prevent hospital-acquired infections (HAI) are key drivers for the non-woven fabric market. According to a report by the World Health Organization, among 100 patients in acute-care hospitals, 7 patients in high-income nations and 15 patients in low- and middle-income nations acquire at least one healthcare-associated infection (HAI) during their hospital stay. On average, 1 in every 10 affected patients die from HAI. This has further boosted the use of non-woven fabric in developing disposable medical products to limit the spread of viruses and bacteria.
• The non-woven fabric market share is being reinforced by the global increase in infrastructure development and improvement in construction materials' durability and functionality for geotextile applications. China's investment in fixed assets grew by 4.9% in 2021 from 2.9% growth in 2020. Also, industrial investment reached 11.4%, a drastic acceleration from 0.1% growth in 2020. Moreover, In the US, more than $350 billion has been announced in the Bipartisan Infrastructure Law (BIL) funding through October 2023. Among which, $9.8 billion has been allocated to passenger and freight rail, $7.8 billion for airports, $174.7 billion for roads, bridges, and major projects, $34.1 for public transportation, and $5.9 billion for ports and waterways, boosting the demand for non-woven fabrics.
• In addition, non-woven fabric production is showing an upward trajectory as a result of its growing use in the packaging industry. With growth in the packaging market, which is increasing at a compound annual growth rate (CAGR) of 3.9% to reach $1.42 trillion in 2028, the use of non-woven fabric will also surge. The market for packaging in Asia alone will increase by 5.3% year-on-year across 2023-2028, with China accounting for 25.3% of world packaging demand by value in 2028. The expanding retail sector and e-commerce are significant contributors to the growth of the non-woven fabric market in packaging applications. As per the US National Retail Federation (NRF), retail sales grew between 4% and 6% over 2022 to between $5.13 trillion and $5.23 trillion in 2023. The annual retail sales of 2022 grew 7% over 2021 and totaled $4.9 trillion. More so, the retail sector in India accounts for over 10% of the country's GDP and around 8% of the workforce (35+ million) and is expected to reach a whopping US$ 2 trillion in value by 2032. Online shoppers in India are projected to reach 500 million in 2030 from +150 million in 2020, with the e-commerce market touching US$ 350 billion in GMV by 2030. This has propelled the use of non-woven fabric in packaging applications and will continue to do so in the near future.

Non-Woven Fabric News

The report covers the latest developments, updates, and trends impacting the global non-woven fabric market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in non-woven fabric production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the non-woven fabric industry:

• In April 2020, Ahlstrom-Munksjo increased its nonwoven production across its entire protective materials portfolio. The company expanded its product offering of protective materials for all three face mask categories, that includes civil masks, surgical masks, and respiratory masks.
• In March 2022, Suominen launched a carbon neutral nonwoven, BIOLACE Zero. It is utilized in wiping applications like baby, personal care, and household wipes. It has excellent wet and dry strength, and it is extremely soft. It is made of 100% cellulosic lyocell fibers and the product is 100% biodegradable, compostable and plastic free.

Product Description

Non-woven fabric is a versatile material made by bonding fibers together through chemical, mechanical, heat, or solvent treatment. It consists of a web or sheet of fibers or filaments that are intertwined and bonded together. Non-woven fabric is manufactured using natural fibers like cotton and wool, as well as synthetic fibers such as polyester, polypropylene, and nylon. It exhibits unique properties, like durability, elasticity, and absorbency.

Non-woven fabric finds applications in medical products, hygiene products, automotive industry components, filtration systems, construction, packaging materials, agricultural covers, household cleaning products, and disposable clothing. It offers numerous benefits, such as lightweight and strong nature, excellent absorbency and filtration capabilities, adaptability, cost-effectiveness, disposability, biodegradability, and reusability.

Regional Coverage

The report provides a detailed analysis of the non-woven fabric market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Non-Woven Fabric Price

The report offers a holistic view of the global non-woven fabric pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Non-Woven Fabric Price

The European region experienced a mixed-price trajectory in Q4FY2023. The market saw moderate to low supply of non-woven fabric and decreased demand among major countries. Although, the price of non-woven fabric encountered a slight increase in some regions due to heightened costs of raw materials. However, due to the rising exploration of alternative materials and innovations in manufacturing processes, the market remained resilient.

This analysis can be extended to include detailed non-woven fabric price information for a comprehensive list of countries.

North America Non-Woven Fabric Price

In North America, the non-woven fabric market witnessed a bearish sentiment during the final quarter of 2023 as the demand remained low with moderate supply. The price for non-woven fabric showcased a slight increase towards the end of November because of heightened costs of raw materials like polypropylene. However, the market remained flexible due to rising innovations in manufacturing processes and the introduction of alternate materials.

Specific data on non-woven fabric prices within the United States and Canada can also be provided.

Middle East and Africa Non-Woven Fabric Price

The report explores the non-woven fabric pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on non-woven fabric prices for countries can also be provided.

Asia Pacific Non-Woven Fabric Price

The non-woven fabric pricing in the Asia Pacific region showcased variations in the last quarter of 2023. The market witnessed low product supply and minimal demand in most countries. Although, in some regions, the prices saw an uptick due to the high costs of raw materials. However, the market remained resilient due to rapid advancements in manufacturing processes and the adoption of alternative materials.

This analysis can be further extended to include detailed non-woven fabric prices for a comprehensive list of countries within the region.

Latin America Non-Woven Fabric Price

The analysis of non-woven fabric prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of non-woven fabric pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting non-woven fabric price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the non-woven fabric industry.