Paper Towels Market Trends Key Drivers and Restraints, Regional Outlook, End-User Forecast ,2030

 


Market Overview

Global Paper Towels Market is expected to surpass its 2019 value of USD 8.95 Billion and is projected to register a CAGR of 5.3% over the review period from 2022 to 2030.

Market Dynamics

The demand for paper towels is growing as customers become more conscious of proper hygiene practices. As the number of cases of infectious diseases has increased, there has been a rise in hygiene awareness in both residential and commercial and institutional settings around the world. Paper towels are a better option than plastics and fabrics because they are more convenient to use. Paper towels are biodegradable as well. Their popularity, however, can only be seen in North American and European countries. Rapid urbanization, increasing disposable incomes, an improved standard of living, and customer propensity to follow western cultures are some of the main factors expected to propel the Paper Towels Market Share forward during the forecast era.

The global market for paper towels has skyrocketed as a result of the COVID-19 outbreak. People were forced to stay at home and work remotely as a result of global lockdowns, resulting in panic buying and stockpiling of paper towels, especially in North America and Europe. As a result of the lack of raw materials as well as the lockdown restrictions and transportation issues, the production of paper towels was hampered. To meet the rising demand for paper towels, paper towel manufacturers in the United States and several European countries are operating manufacturing facilities 24 hours a day, seven days a week, in multiple shifts.

Regional Overview

Because of the high customer demand for paper towels, North America led the paper towel market in 2019. Furthermore, the involvement of some of the most important players in the paper towel industry in the United States has made North America Paper Towels Market one of the most important markets. The unexpected increase in demand for paper towels as a result of the COVID-19 outbreak would almost certainly raise paper towel sales in the area to some degree.

During the forecast period, the Asia-Pacific market is expected to expand significantly. Paper towel manufacturers in the area are likely to benefit from an increase in consumer buying power and a preference for western cultures, especially in emerging economies.

Market Segmentation

The market has been divided into two types of products: rolled and folded. Due to the widespread use of rolled paper towels in the residential, industrial, and institutional sectors, the rolled segment had the largest Paper Towels Market Share in 2019. This trend is expected to continue throughout the forecast period. In kitchens and bathrooms, rolled paper towels are used. As compared to folded paper towels, they are more functional in commercial and institutional settings. Individually folded or multifold paper towels are suitable for use. The demand for rolled paper towels is currently dominated, and this trend is expected to continue over the forecast period.

The sector has been divided into two categories based on end-use: residential and industrial & institutional. In 2019, the commercial and institutional segment dominated the global paper towel market, and this trend is expected to continue during the forecast period. The segment is expected to remain dominant throughout the analysis period due to the widespread use of paper towels in the HoReCa, educational institutions, and recreational spaces. During the analysis era, paper towels are also likely to see significant use in the home.

The industry has been divided into store-based and non-store-based distribution channels. In 2019, the store-based segment dominated the paper towel industry, and this trend is expected to continue over the forecast period. Supermarkets and hypermarkets, convenience stores, and other stores make up the store-based segment. Within the overall store-based distribution channel segment, the supermarkets & hypermarkets sub-segment dominates. Furthermore, the dominance of store-based distribution networks has resulted from the the number of integrated store-based channels for the selling and purchasing of paper towels, such as supermarkets and hypermarkets, convenience stores, and other local stores. During the review era, however, e-commerce sales of paper towels are expected to increase.

Competitive Dashboard

The notable players are American Specialties, Inc. (US), Kimberly-Clark Corp. (US), The Procter & Gamble Company (Japan), Georgia-Pacific LLC (Taiwan), Kruger Inc. (US), Seventh Generation Inc. (US), The Kroger Co. (US), Mercury Paper, Inc. (US), WEPA Hygieneprodukte GmbH (Germany), Cascades Inc. (Canada).

Related Reports:

Global Toothpaste Market Research Report Information By Type (Sensitivity, Whitening, Children’s, Smokers, and Herbal), By Distribution Channel (Store-based, and Non-store-based), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)—Forecast till 2027 - https://www.marketresearchfuture.com/reports/toothpaste-market-7221

Rapport d'étude de marché sur les oreillers : informations par type (oreillers en plumes, oreillers en duvet, oreillers en mousse à mémoire de forme, oreillers en microbilles, oreillers de couchage en sarrasin et autres), utilisation finale (résidentiel et commercial), canal de distribution [En magasin (hypermarchés et supermarchés, Magasins spécialisés et autres) et [hors magasin] et région (Amérique du Nord, Europe, Asie-Pacifique et reste du monde) - Prévisions jusqu'en 2030 - https://www.marketresearchfuture.com/fr/reports/sleeping-pillow-market-8204

Marché de la lingerie : informations par type de produit (soutiens-gorge, culottes et culottes, vêtements de forme, vêtements de salon et autres), par gamme de prix (économique et haut de gamme), par canal de distribution (en magasin [supermarchés et hypermarchés, dépanneurs et magasins spécialisés] et hors magasin [direct et indirect]) et région ( Amérique du Nord, Europe, Asie-Pacifique et reste du monde) — Prévisions jusqu'en 2028 - https://www.marketresearchfuture.com/fr/reports/lingerie-market-8488

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Organic Spices Market Overview, Size, Competitive Landscape, Revenue Analysis 2030

Image
  Market Overview The organic spices market is expected to experience a CAGR of 6.7% during the forecast period (2023-2030), increasing from USD 0.9 billion to USD 1.3 billion. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.   They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the Organic Spices Market Overview . Some non-p...
Read more

Catalyst Fertilizer Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030

Image
  Catalysts are vital in industrial production, constituting 60% of consumer and industrial products. They enhance chemical processes, boosting efficiency, output, and cost savings. Catalyst development focuses on improving activity, reducing environmental impact, and increasing longevity. The global catalyst fertilizer market is expected to reach $2.8 billion by 2023, growing at a CAGR of 2.56%. Fertilizer catalysts improve plant performance and efficiency while reducing emissions from production. The demand for fertilizer catalysts is rising due to increased production of ammonium and phosphate fertilizers, and innovation in ammonia production to reduce emissions. Market Dynamics MRFR (Market Research Future) claims that the Catalyst Fertilizer Market Size 2020 can accrue a strong valuation of 2,994.38 MILLION by 2030. MRFR’s extensive study also reveals that the market can expand t to burgeon at a rate of 3.2% from 2022 to 2030 (analysis period). We will provide COVID-19 i...
Read more

Fruit and Vegetable Processing Enzymes Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

Image
  Market Analysis The market value of Fruit and Vegetable Processing Enzymes is expected to reach USD 75.69 billion by 2030, with a notable growth rate of 7.65% between 2022 and 2030. The global fruit and vegetable enzymes market is predicted to have an impressive growth over the estimated years (2022-2030). Enzymes are a crucial part of fruit & vegetable processing. It helps to increase yield, intensify juice color, shorten production times, clarify fruit juice and firm up fruit. Besides, it also helps in retaining the nutritional value and good flavor, boost the consistency and color of fruit applications, extend shelf life and reduce the danger of microbial spoilage. The extensive utilization of enzymes that are vegetable and fruit derived, found in the powdered or liquid form are used in diverse industries namely dietary supplements, pharmaceuticals, food and beverages and more. It has gained immense popularity amid manufacturers of diverse processed vegetables and frui...
Read more