HDPE Nonwovens (TYVEK) Market - Forecast(2024 - 2030)

HDPE Nonwovens (TYVEK) Market Overview:

HDPE Nonwoven fabrics market is projected to grow at 5.9% CAGR through 2024-2030 to reach $5.3bn in 2030. HDPE Nonwovens are broadly defined as sheet or web structures bonded together by entangling fiber or filaments mechanically, thermally, or chemically. They are flat, porous sheets that are made directly from separate fibers or from molten plastic or plastic film. They are not made by weaving or knitting and do not require converting the fibers to yarn. Nonwovens may be a limited-life, single-use fabric or a very durable fabric. Nonwoven fabrics provide specific functions such as absorbency, liquid repellency, resilience, stretch, softness, strength, flame retardancy, washability, cushioning, filtering, bacterial barriers and sterility. These properties are often combined to create fabrics suited for specific jobs while achieving a good balance between product use-life and cost. They can mimic the appearance, texture and strength of a woven fabric, and can be as bulky as the thickest paddings.

Market Snapshot: 

HDPE Nonwovens (TYVEK) Market - Report Coverage:

The “HDPE Nonwovens (TYVEK) Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the HDPE Nonwovens (TYVEK) Market.

COVID-19 / Ukraine Crisis - Impact Analysis:  

Global economies are currently recovering from the consequences of the globe-sweeping COVID-19 pandemic. According to the World Trade Organization (WTO), global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. COVID-19 has impacted the consumer goods and various packaging industry. Companies are facing significant reduction in consumption and supply chain disruption challenges. Lack of supply of basic raw material to the various end-use industry including food industry, medical and pharmaceutical industry due to the temporary shutdown of factories, blockage of roads, reduced access to input and services, labour movement and various other factors is hampering its market growth. Owing to this pandemic, the manufacturers are usually unable to come up with a wide range of products which is eventually hampering its market growth. 

Key Takeaways:

• APAC Held the Largest Share

APAC held the largest share of 35% in the HDPE Nonwovens (TYVEK) Market in 2023. The high demand for baby wipes, personal care wipes and medical wipes has actually boosted the market demand drop for the overall market. Furthermore, various developments from manufacturing are supporting the growth of HDPE Nonwovens market. In March 2022, Mitsui Chemicals, Inc. has expanded its production facilities for meltblown nonwovens at its wholly owned subsidiary Sunrex Industry Co., Ltd. Adding to this, to meet the growing need for critical protection and supplies in the fight against COVID-19 many companies are planning to increasing capacity of the HDPE nonwovens thereby contributing to the market growth rate.

• Medical Segment Held the Largest Share

Medical segment held the largest share of 32% in the HDPE Nonwovens (TYVEK) Market in 2023 and is growing at a CAGR of 5.1% during 2024-2030. Medical is analyzed to hold highest share owing to the applications in protective apparel, sterile packaging and so on. The widespread applications in various industries are significantly boosting the market growth rate. The spun bond is the most widely used non-woven for disposable items and protective apparel as they are considered the cheapest form of nonwoven made using 100% polypropylene. Apart from this, rapid advancements by the key players in order to provide a better quality of products to its customer is a vital factor contributing to its market growth.

• Rising Demand of HDPE Nonwoven in Medical and Pharmaceutical Packaging

Growing Demand for Tyvek in medical and pharmaceutical packaging features tear resistance, durability, breathability, clean peel and superior microbial barrier to keep medical equipment and pharmaceuticals sterile throughout the lifecycle, and plays is a vital role, driving the HDPE Nonwovens market in the upcoming years. Moreover, DuPont provides Tyvek 1073B which provides the highest level of protection, making it an ideal choice for medical device and pharmaceutical packaging that eventually requires high strength and superior microbial barrier. In addition, Tyvek 1073B is compatible with a broad range of manufacturing and sterilization process and has a superior microbial barrier, that helps preserve sterling during both shipping and storage.  Apart, from these investments in developing countries for better packaging has also increased. Major players in different regions are launching new products in order to meet with the customer’s demand which in turn is contributing to its market growth. In August 2019, DuPont launched Kevlar and Tychem hand protection portfolio of glove and sleeve solutions in the Indian market which is basically designed to increase the workplace protection in hazardous environments from automotive application to sanitation, manufacturing and surface oil and gas exploration. 

• Stringent Government Regulation and High Prices of HDPE Nonwoven Products

Stringent Government Regulation associated with the polyethylene serves as a major setback for the growth of the HDPE Nonwovens Market during the forecast period 2024-2030. In November 2019, the government of Kerala has decided to ban the manufacture, sale and storage of plastic products across the state effective from January 1st, 2020. The state has also given more authority to the Pollution Control Board by laying down heavy fines for those found violating the plastic ban. High Prices of HDPE Nonwoven products is a significant factor hampering the growth of this market in the upcoming years. Hence, the low and middle-income countries people are unable to purchase it which in turn is restraining its market growth in the upcoming years.

• High Prices of HDPE Nonwoven Products

High Prices of HDPE Nonwoven products are a significant factor hampering the growth of this market in the upcoming years. Hence, the low and middle-income countries people are unable to purchase it which in turn is restraining its market growth in the upcoming years. Moreover in January 2019, CBIC issued circular no. 80/54 /2018-GST clarifying GST rates and classification of polypropylene woven/ nonwoven bags laminated with BOPP classified as plastic bags under HS code 3923 and would attract 18% GST. Hence, a large number of taxes imposed on products would eventually increase its overall price which in turn is disrupting its market in the upcoming years. The HDPE cost and production costs for HDPE nonwoven products increased in Europe in the fourth quarter of 2022 due to an increase in trading activity and improved demand from downstream ventures. For example, In October 2022, the price of HDPE in Germany reached $1576/ton (Blow Moulding Grade) FD Hamburg. Continuous use of HDPE stockpiles and increased trade activity boosted prices. The high cost of electricity and utilities has further shaken the region’s HDPE nonwoven products prices.

                                                           HDPE Nonwovens (TYVEK) Market Share (%) By Region, 2023

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the HDPE Nonwovens (TYVEK) Market. The top 10 companies in this industry are listed below:

1. DuPont
2. Berry Global Inc.
3. Intertape Polymer Group Inc.
4. Freudenberg Performance Materials
5. SABIC
6. Kimberly-Clark Corporation
7. Fitesa SA
8. Fibertex Nonwovens A/S
9. Zhejiang Huachen Nonwovens Co., Ltd.
10. Weifang Shuntai Textile Co., Ltd.

Scope of the Report: 

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