Bangladesh Nonwoven Fabrics Market Synopsis
The Bangladesh Nonwovens Market is growing rapidly, due to increasing demand from the textile and garment industries. Bangladesh has been a major producer of textiles and garments for many years, and nonwoven fabrics are an important part of that industry.
The Bangladesh government has placed several restrictions on the import of nonwoven fabrics in recent years, in order to protect the domestic industry. However, these restrictions have not had a significant impact on the growth of the industry. The Bangladesh Nonwoven Fabrics Market is expected to grow at rapid rate during the forecast period. Some of the key drivers for the market growth are rising population, increased urbanization, and growing end-use industries.
Some of the challenges faced by the players operating in the Bangladesh nonwoven fabrics market are volatile raw material prices, stringent environmental regulations, and competition from substitutes. Furthermore, Bangladesh is one of the world's leading producers and exporters of nonwoven fabrics. The country's nonwovens industry is growing rapidly, with new players entering the market and existing players expanding their capacities.
According to 6Wresearch, Bangladesh Nonwoven Fabrics Market is expected to grow during 2022-2028. The Asia-Pacific Nonwoven Fabrics Market is projected to grow during the forecast period. Nonwoven fabrics are manufactured by bonding together fibres to create a fabric which can be used in various applications such as automotive, construction, hygiene, and others. The manufacturers are focused on expanding their production capacities to meet the rising demand from various industries such as hygiene, packaging, construction, and automotive.
There is a growing demand for biodegradable and eco-friendly products in the market due to the increasing awareness about environmental pollution. The nonwoven fabric manufacturers are investing in research and development activities to develop innovative products that are sustainable and meet the changing needs of the customers.
The major drivers for the growth of the Bangladesh Nonwoven Fabrics Market are the growing population and rising disposable incomes. The government regulations regarding environmental protection are also expected to boost the market growth. However, the high cost of raw materials is restraining the market growth. Moreover, the market is driven by the growing demand for personal care, hygiene, and medical applications. Nonwoven fabrics are widely used in these applications owing to their superior properties such as absorbency, strength, flexibility, and softness. They are also used in various other applications such as packaging, construction, automotive, and furniture.
Impact of COVID-19 on Bangladesh Nonwoven Fabrics Market
Due to COVID19, the Bangladesh Nonwoven Fabrics Market is expected to grow at tremendous rate as manufacturers from all over the world are striding up the production to meet the healthcare requirements. Also, the rising demand for healthcare workers leads to increasing need for disposable hospital supplies and nonwoven materials during the pandemic. Apart from this, the demand for nonwoven facemasks were high in demand owing to the fear of virus transmission.
Market analysis of Bangladesh Nonwoven Fabrics Market
Based on Polymer Type the Asia-Pacific Nonwoven Fabrics Market is further classified into PP, PE, PET, Wood Pulp, Rayon, Others. Based on Layer market is bifurcated into Single-Layer and Multilayer. Based on Function, market is categorized into Disposable and Non-Disposable. By Technology, market is segmented into Spunbond, Wet Laid, Dry Laid, and Others (Electrostatic Spinning and Flash-Spun) .
Key players in the Bangladesh Nonwoven Fabrics Market
Some of the key players operating in the Bangladesh Nonwoven Fabrics Market are Procter & Gamble Company (U.S.), Johns Manville Corporation (U.S.), Kimberly Clark Corporation (U.S.), and Asahi Kase.
