The wipes market consists of sales of wipes and related services that are used in personal, household sector and industrial sectors. A wipe is a moistened, disposable, that is used for cleaning surfaces. It is often used as an antiseptic fabric primarily for skin cleansing.
The global wipes market is expected to grow from $35.2 billion in 2019 and to $37.8 billion in 2020 at a compound annual growth rate (CAGR) of 7.3%. The growth is mainly due to the COVID-19 outbreak and the measures to contain it, as wipes are the effective means for cleaning hands and various hard surfaces. The market is then expected to stabilize and reach $43.5 billion in 2023 at CAGR of 4.8%.
