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Textile Packaging Market Analysis By Top Key Players Sonvigo SA, Acme Bag, NATco global, DNT NONWOVEN FABRICS, Beaulieu Technical Textiles
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Textile Packaging Market Outlook – Increasing Demand for Eco-friendly and Durable Materials to Sustain Market Growth
Increasing demand for biodegradable and reusable packages and containers is one of the major factors propelling the growth of textile packaging market. Also, stringent regulations on the use of plastic packaging materials have augmented the growth of the market. The Ministry of Environment and Forests, Government of India, passed the Plastic Waste Management Rules in 2016 which includes phasing out the manufacturing and use of non-recyclable multilayered plastic used for packaging and other purposes. Asia Pacific, followed by North America are the major contributors to the global textile packaging market.
Innovating new products for a wide array of applications is one of the key strategies adopted by the top players in the textile packaging market. Continuous research and development is going on for developing high performance bio-degradable fibers, known as 'Intelligent Material' or 'Smart Material' which will be capable of altering their characteristics according to outdoor conditions, will give tremendous drive to the application of textile packaging in national defense application. Some of the companies operating in the global textile packaging market are Sonvigo SA, Acme Bag Company, NATco global, DNT NONWOVEN FABRICS, Beaulieu Technical Textiles, Cheviot Co Ltd, Gloster Jute Mills Ltd., Texplast Industries and Nobletex Industries Ltd.
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