Technical Textile Market 2018 Global Trend, Segmentation and Opportunities, Forecast to 2023
The Packtech segment witnessed growth at a noteworthy rate over the past few years on the heels of rising awareness related to the usage of biodegradable fabric for packaging, rising demand for reusable packages along with rising environmental concerns. Amongst the regions, Asia-Pacific accounts for the largest regional share in the global technical textile market in 2018. Key factors driving the robust growth rate of Asia-Pacific region include rising healthcare expenditure, rising disposable incomes, rapid infrastructural development and urbanization etc.
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