From the detailed conversation with industry experts and
other consultants in the field of technical textiles, analysts from
fibre2fashion could very well notice the phase change in the applications
for such products which are new to Indian market. With the younger workforce
and growing per-capita income, the middle and upper classes will grow
significantly, and spending will increase. Although the use of nonwovens
per-capita is extremely low in India at $0.04/capita compared to $2.73/capita
in North America.
The market is growing rapidly for end uses in feminine care,
medical, geotextiles, automotives and packaging applications. The hygiene
market in India has a great potential because of the low penetration and the
sheer size of the market. The entry strategies with feminine hygiene products
followed by baby diapers, and eventually adult incontinence, will make it
possible for women, children and adults to benefit from new, hygienic and
easy-to-use products. The need for single-use surgical products (gowns and
drapes) is imminent in Indian hospitals.
India in Global Economy:
To play a major role in the global economy, India has much more to offer. However, progression from the current state of development to
a higher international standard is entirely in the hands of India itself. To build this momentum, change must happen much faster and with a greater
degree of business expertise and planning. No doubt, the country has the tools
to build a highly industrial nation, but implementation is where we need to
focus on. Another area of concern was how disposable products affect landfills
and other types of waste disposal. As is the case in many Western countries,
landfills is simply not the solution, but municipal waste can be used for
energy provision and therefore benefit the country and the environment.
Conclusion:
Experts believe that Indias technical textile industry will
be worth 12-15 billion dollars by 2012 and achieve a 10% of the global market
share. The period between 2010 and 2030 will be crucial for the technical
textile sector in India as it will provide tremendous opportunities for both
international and domestic players to enter into a market segment with a growth
rate of 15% per annum. India is shining and is certainly a technical textile
playing field to be in for the coming decade.
The Indian market requires about 6-7 million square meters
of geotextiles for construction of 14,000 km of highway. Governments
initiative to mandate the usage of geotextiles and necessary steps for
implementation may bring enormous results in quality of infrastructure and also
boost the market for technical textiles in years to come.
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