Textile materials market forecast to reach 101 million tons
By 2017 the global textile materials market is forecast to reach 101 million tons, while the spun yarn market is set to reach 51 million tons across the same time frame.
The global plastic film and sheets market is forecast to reach 56.6 mln tons by 2017, mainly driven by burgeoning demand from end-use markets, competitive advantages over traditional paper and foil, and technological advancements, as per Global Industry Analysts, Inc. Changing consumer dynamics particularly in the food and non-food packaging industries, economic recovery, and growing prominence of developing Asian, Middle East and Latin American markets will further accelerate the pace of development.