Technical Textile Market Projected To Grow At A CAGR Of 4.7%From 2023 To 2030

Posted by Neha Bora on September 4th, 2023

San Francisco, 4 Sep 2023: The Report Technical Textile Market Size, Share & Trends Analysis Report By Manufacturing (3D Weaving, Thermo-forming, 3D Knitting), By End-use (Agro Textiles, Hometech Textiles), By Region, And Segment Forecasts, 2023 - 2030

The global technical textile market size is expected to reach USD 272.33 billion by 2030, registering a CAGR of 4.7% according to a new report by Grand View Research, Inc. The technical textile product exhibits exceptional strength, durability, and superior performance, which makes them fit for several industrial applications.

Increasing concern towards agriculture and attaining high crop yield is one of the major factors fueling the growth of agro textile in the market. Several nets manufactured under agro textile including plant nets, bird protection nets, monofil nets, root ball nets, and various others are extensively used for passive protection of agricultural seeds, crops, or fruits against any external damage.

Increasing technological advancements coupled with the rising demand for high-performance and energy-efficient fabric are acting as a propelling growth factor in the market. In addition, stringent government policies regarding the use of effective personal protective equipment have driven the market growth on a positive note.

Access Research Report of Technical Textile Market @ https://www.grandviewresearch.com/industry-analysis/technical-textiles-market

Technical Textile Market Report Highlights

• The 3D knitting manufacturing segment is likely to witness a CAGR of 3.8% over the forecast period owing to its stronger and more durable fabric nature
• In 2022, the hometech technical textile end-user segment led the market and accounted for the largest revenue share of 19.50%. The segment is likely to ascend at a significant rate during the forecast period. Increasing consumer demand for aesthetically appealing clothing and apparel is expected to increase the product demand in the segment
• In 2022, Asia Pacific emerged as the largest market and accounted for over 46.80% of the total revenue owing to the increasing industrial development in the region. Favorable government policies coupled with the abundant availability of raw materials are expected to draw higher growth from the region over the forecast period
• In North America, the technical textiles demand stood at 7,696.3 kilotons in 2021 and is expected to ascend at a significant rate during the forecast time on account of increasing application in sports, construction, and medical and healthcare industries
• Prominent players in the market are involved in various initiatives such as advancing healthcare infrastructure, partnership, and scientific research in collaboration with various healthcare institutions. Moreover, government support and policies within the respective countries are expected to influence the market on a positive note

Technical Textile Market Report Scope

List Of Key Players Of Technical Textile Market

• Low & Bonar PLC
• Freudenberg Group
• Berry Global Group, Inc.
• Ahlstrom-Munksjo
• Asahi Kasei Advance Corp.
• Kimberly-Clark Corp.
• Mitsui Chemicals, Inc.
• Huntsman International LLC
• Berry Global Group, Inc.
• Toray Industries, Inc.

Access Press Release of Technical Textile Market @ https://www.grandviewresearch.com/press-release/global-technical-textiles-market