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POLYESTER FORMING FABRIC MARKET REPORT OVERVIEW
The global polyester forming fabric market size was USD 805.9 million in 2022 and is expected to reach USD 1070.09 million in 2031, exhibiting a CAGR of 3.2% during the forecast period.
Polyester forming fabric is the fabric that is woven using polyester fiber in a spiral and is used in various paper industries. Other industries which make use of polyester forming fabric include pharmaceutical, mining, airspace, metallurgy, and machinery. It is a belt consisting of a continuous mesh screen. On this mesh screen, paper sheets are formed.
4-shed single-layer fabric is used in the process of paper-making. High-quality paper, newspapers, and toilet paper use this kind of fabric. Slow and medium-speed paper machines used this type of fabric. 5-shed single-layer fabric is more suitable for making tissues and tobacco paper. 8-shed single-layer has great wearability and is used in kraft paper and noodles paper. 16-shed single layer-fabric is utilized for high-speed paper machines.
COVID-19 Impact: Halt of Operations to Impede Demand
The global COVID-19 pandemic has been unprecedented and staggering, with prostaglandin experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the polyester forming fabric market growth and demand returning to pre-pandemic levels once the pandemic is over.
The COVID-19 pandemic has severely affected all forms of business and production. The polyester forming fabric market also suffered from the lockdowns that were imposed all over the world. Production was greatly impacted in a negative way and disruptions in the supply chain management also affected the number of exports and imports. With the majority of people working from home and online, the demand for paper products dropped significantly. Consequently, the demand for polyester forming fabric in big buyer industries such as offices, educational institutions, and retail suffered.
Latest Trends
"Use of Flexible Packaging to Augment Growth"
Flexible packaging made out of polyester forming fabric is any type of packaging which can change shape based on how it is used. Flexible packages are mainly used for industries such as food and beverages, personal care, and pharmaceuticals. Recent years have seen an exponential rise in e-commerce engagement by consumers and businesses. Packages in transit have to face external threats such as mishandling of packages, puncturing by sharp objects, seal failure of poor choice of packaging material. This has led to the increased use of flexible packaging as it provides the advantages of sturdiness, durability, and puncture resistance. It occupies less space and extends the lifespan of food products stored. The polyester forming fabric market is expected to grow as the market shifts towards flexible packaging.
POLYESTER FORMING FABRIC MARKET SEGMENTATION
- By Type Analysis
On the basis of type, the polyester forming fabric market can be segmented into 4-shed single layer, 5-shed single layer, 8-shed single layer, 8-shed double layer, 16-shed double and a half layer, and SSB forming fabric. 4-shed single-layer polyester forming fabric is anticipated to dominate the market in the coming years.
- By Application Analysis
According to application, the polyester forming fabric market can be divided into writing-printing, kraft, duplex, newsprint, tissue, packaging, and others. The writing-printing segment is expected to hold the major portion of the market share in the next few years.
Driving Factors
"Increase in the Use of Paper Noodle to Augment Growth"
Instant noodles are one of the most consumed food items in the world. Every part of the world uses some sort of instant noodles as their go-to food. According to World Instant Noodles Association, around 103 billion servings of instant noodles are consumed worldwide every year. But these noodles come in plastic packaging, which is extremely harmful to the environment. Paper noodles were developed to overcome this challenge while still maintaining the taste, quality, and freshness of the instant noodles. They are wrapped in paper packaging which is 100% biodegradable and safe for the environment. The condiments also come with paper packaging. As companies start shifting towards paper noodles, it might lead to an increase in polyester forming fabric market size.
"Escalating Use of Kraft Paper to Support Growth"
Kraft paper can easily be recognized as a brown, sturdy paper used for packaging purposes. It is used in various commercial and industrial activities, owing to its strength. Not only does it provide adequate protection to the packaged material but it can also be used as a void-filling material, replacing bubble wraps and plastic. It is more economically feasible and is safe for the environment. For these reasons, many industries are now shifting to kraft paper for their needs, which can aid in polyester forming fabric market growth.
Restraining Factors
"Rising Environmental Concerns May Reduce Demand"
Polyester and its various components have always suffered from criticism for being harmful to the environment. As governments all around the world continue to take strong action towards materials that pose a danger to the environment and promote sustainable growth, the polyester gorming fiber market growth may suffer from certain regulations imposed by the governments. People are also becoming increasingly aware of the environmental impact of the products that they consume. This may become a hindrance to the growth of polyester forming fabric market and bring down the market size of the same.
POLYESTER FORMING FABRIC MARKET REGIONAL INSIGHTS
Asia Pacific is the largest market for polyester forming fabric, as China holds a major market share. There are many Chinese industries producing polyester forming fabric. China is one of the biggest manufacturing countries in the world. The products manufactured require packaging. This is one of the major reasons why China is dominating the polyester forming fabric market today and will continue to show similar trends in the future.
North America and Europe follow Asia Pacific, holding a notable polyester forming fabric market share. These regions have big companies and industries, and the use of paper-related products is tied to their usage in these regions. Growing industrial expansion and surging demand across various applications will benefit the market outlook across these regions.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP POLYESTER FORMING FABRIC COMPANIES
- Albany International (U.S.)
- Heimbach (Germany)
- FILCON FABRICS (Japan)
- Valmet (Finland)
- Hebei Defeng Polyester Fiber (China)
- ANDRITZ (Austria)
- AstenJohnson (U.S.)
- Huafeng Fabric (China)
- Jiangsu Jinni Engineered Fabric (China)
- Hehuang Paper Machine Clothing (China)
- Anping County PFM Screen (China)
- Anhui Tairui Polyester Net (China)
- Anthonor Environmental Technology (China)
- Hightop (China)
- Boegger Industrial (China)
- Taian Songyuan Industrial Fabrics (China)
- Metal Tec (China)
- REKING WIRE MESH (China)
- Raoyang Acer Net Industry (China)
- Wires and Fabriks (India)
- HUATAO GROUP (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 805.9 Million in 2022 |
Market Size Value By |
US$ 1070.09 Million by 2031 |
Growth Rate |
CAGR of 3.2% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
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What value is the global polyester forming fabric market expected to touch by 2031?
The global polyester forming fabric market is expected to touch 1070.09 million by 2031.
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What CAGR is the polyester forming fabric market expected to exhibit by 2031?
The polyester forming fabric market is expected to exhibit a CAGR of 3.2% by 2031.
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Which are the driving factors of the polyester forming fabric market?
The driving factors of the polyester forming fabric market are use of paper noodles and kraft paper.
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Which are the top companies operating in the polyester forming fabric market?
Albany International, Heimbach, FILCON FABRICS, Valmet, Hebei Defeng Polyester Fiber, ANDRITZ, AstenJohnson, Huafeng Fabric, and Jiangsu Jinni Engineered Fabric are some of the key companies operating in the polyester forming fabric market