The top 40 global nonwovens manufacturers in 2023 are released

In September 2024, Nonwovens Industry magazine published a list of the top 40 global nonwovens suppliers ranked by sales in 2023. According to statistics from Nonwovens Industry magazine, the global nonwovens industry faces severe challenges in the first half of 2023 as most manufacturers face overcapacity, falling demand and rising manufacturing costs. As a result, new investments have slowed down and most companies have focused on cost-cutting plans. However, many manufacturers said that as customers consumed their post-epidemic inventory, costs stabilized, and demand in markets such as automotive, filtration and hygiene products began to rise, signs of recovery began to appear in the second half of 2023 and continued into 2024. Nonwovens manufacturers are well prepared for growth, and many companies have focused on product innovation and readjusting their assets during this period of reduced demand. As in the past few years, sustainability remains a hot word in the nonwovens industry. Manufacturers continue to look for ways to reduce product dosing, integrate more sustainable raw materials, and reduce the environmental impact of their production operations. While these efforts are driven in part by legislative actions such as the EU SUP Directive, they are also the result of consumer and retailer demand for more environmentally friendly products. Most of the top 40 global nonwovens producers in 2023 are located in mature markets such as the United States, Europe and Japan, but companies in developing regions are playing an increasing role. Companies from developing countries such as Brazil, Turkey, China, Indonesia and the Czech Republic continue to expand their business scale and scope and continue to focus on growth, and their rankings will continue to rise in the future.An important factor affecting industry rankings in the next few years is merger and acquisition activity. In 2023, Japan's Mitsui Chemicals and Asahi Kasei merged to create a company with sales of more than $300 million, while Freudenberg High Performance Materials has achieved significant growth through acquisitions in the past few years. By the end of 2024, Berry International and Glatfelter, the world's two largest nonwovens producers, will join forces to create a new company, Magnera, with leading positions in meltblown, airlaid and spunlace technologies. The ranking of the top 40 nonwoven fabric companies is based on the company's sales in 2023. For ease of comparison, all sales are converted from the local currency to US dollars (using the average exchange rate in 2023). The sales listed in the table are basically from the data provided by the companies. The data of several companies are estimated based on industry news. Since fluctuations in exchange rates and raw material prices will have a significant impact on the ranking, this ranking is for reference only, and more attention should be paid to the innovative initiatives and investments made by these companies.

Top 40 Global Nonwoven Fabric Manufacturers in 2023

(Compiled by "Life Paper" magazine)