Nanofiber MarketSize and Trends
Global Nanofiber Market was valued at US$ 901.3 Mn in 2022, exhibiting a CAGR of 20.2%, over the forecast period (2023 to 2030) to reach US$ 3259.5 Mn by 2030.
Global Nanofiber Market- Trends
- Growing trend of recyclable packaging material across wide range of manufacturing industries: Growing trend of recyclable packaging material across wide range of manufacturing industries due to environmental concerns is expected to uplift the market growth. Moreover, automotive, packaging, and electrical & electronics industries are looking forward to adopt recyclable packaging material, due to strict regulation pertaining to packaging materials. This will favour the market growth of nanofibers.