The nonwoven fabric mills industry in the US has experienced fluctuations over the past decade, with actual turnover declining between 2013 and 2023. The period saw a sharp decline in 2015, followed by a gradual stabilization. By 2023, the turnover stood at 7.199 billion USD, with minor year-on-year growth. The industry forecasts predict modest growth, with a 5-year CAGR of 0.1%, leading to a turnover of 7.2439 billion USD by 2028.
Future trends to watch for include:
- Increasing demand for sustainable and eco-friendly materials.
- Technological advancements enhancing product capabilities and cost efficiency.
- Potential market disruptions from changing trade policies.
- Growth in healthcare and hygiene sectors driving demand.
