Air-laid Product Market growth is driven by increasing demand for food pads that ensure longer shelf life of food products.
WILMINGTON, DELAWARE, USA, September 14, 2023/EINPresswire.com/ — As per the new research report by Allied Market Research, Global Air-laid product market was valued at $2.1 billion in 2021, and is anticipated to hit $3.9 billion by 2031, registering at 6.3% CAGR from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.
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The report analyzes these key players in the global air-laid product market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.
Air-laid Product Market growth is driven by rising demand for food pads that ensure longer shelf life of food products. On the other hand, there are some disadvantages associated with air-laid products such as the strength and durability of air-laid products being poor as compared to other woven cloth, which impedes the growth to some extent. However, increase in purchasing power of consumers and fast-paced lifestyles have boosted the sales of packed food items in both the developed and developing economies, thus creating lucrative opportunities in the industry.
By application, the personal hygiene segment garnered nearly half of the global air-laid product market share in 2021, and is expected to retain its dominance by 2031, due to rising consumer focus on personal wellness and hygiene. The same segment is also expected to exhibit the fastest CAGR of 6.7% from 2022 to 2031. The food packaging, home care, and other application segments are also assessed through the report.
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By product type, the latex bonded segment contributed to around two-fifths of the global air-laid product market share in 2021, and is expected to lead the trail by 2031. This is attributed to the growing awareness of the usage of a wide range of personal care & hygiene products where latex bonded air-laid products are widely used as wet/dry towels, toilet papers, folded tissues, napkins, and others.
The hydrogen bonded segment, however, is expected to exhibit the fastest CAGR of 6.8% from 2022 to 2031. This is due to rise in newborn babies in countries such as India, China, and others and increase in the working population, which has heightened the demand for disposable diapers where thermally bonded air-laid is widely used as the absorbent core.
Based on region, Asia-Pacific held the major share in 2021, generating around two-fifths of the global air-laid product market. The same region would also cite the fastest CAGR of 7.1% throughout the forecast period. Growing demand for air-laid products in the Asia-Pacific region from the food-packaging industry fuels the market growth. The other regions analyzed in the report take in North America, Europe, and LAMEA.
By Product Type
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– Disruptions in the supply chain for various air-laid-based personal hygiene, home care, and medical products impacted the global air-laid product market negatively, especially during the initial period.
– However, with the mass inoculation drives on board, the global situation has almost gotten back to normalcy and the air-laid product market has also started recouping at swift pace.
Key players in the industry-
1. Domtar Corporation
2. Fitesa S.A.
3. Duni Group
4. Gelok International
5. Glatfelter Corporation
6. Kinsei Seishi Co., Ltd.
7. MAIN s.p.a.
8. McAirlaids Vliesstoffe GmbH
9. Phoenix Fabrikations BV
10. Oji Holdings Corporation
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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.