LONDON--(BUSINESS WIRE)--The market for nonwoven fabrics is becoming more competitive as it grows, and is seeing a greater number of new players as well as acquisitions and mergers. It’s expected to reach more than USD 45 billion by 2020, growing at a CAGR of almost 7% over the next three years.
Berry Plastics, the world’s largest producer of nonwoven fabrics, acquired Avintiv (formerly known as Polymer Group Inc.) in late 2015 for a USD 2.45 billion cash deal. This move further strengthened Berry Plastic’s position in the market, helping them to maintain their spot as a market leader.
As the global market leader in nonwovens for wipes, Suominen Corporation employs more than 600 people in Europe and the Americas. More than 90% of the company’s sales are made through its convenience business segment, which includes its global wipes businesses. The remainder of sales are through its care segment.
Headquartered in York, Pennsylvania, US, Glatfelter employs more than 4,300 people worldwide and is one of the world’s largest suppliers of specialty papers and engineered products. It has 12 production facilities located around the world.
Kimberly-Clark produces its nonwovens at plants around the world, with about 85% of this total output consumed internally. Its nonwovens have applications in filtration, construction, acoustics, and delivery systems.
Freudenberg Performance Materials has 25 manufacturing sites in 14 countries, and is a leading global supplier of innovative solutions for a broad range of applications, including apparel, filtration, and hygiene. Its acquisition of the Hansel brand from German company Hensel Textil has helped to strengthen its apparel business, which includes both woven and nonwoven materials and technologies.
See the entire list of the top 10 nonwoven manufacturers from BizVibe
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