Global Wipes Market Opportunities And Strategies For Major Players In The Wipes Market 2021-2030
23 Aug, 2021
The wipes market consists of revenues generated by companies that are engaged in selling and manufacturing of wipes and related services that are used in the personal, household, and industrial sectors. A wipe is a moistened or dry, disposable cloth that is used for cleaning surfaces. It can be paper, tissue, or nonwoven. Wipes are often used as an antiseptic fabric, primarily for skin cleansing; they are also used to remove dirt or liquid from surfaces, and can be subjected to light rubbing or friction.
Global Wipes Market Size And Drivers:
The wipes market reached a value of nearly $15,705.9 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.0% since 2015. The market is expected to grow from $15,705.9 million in 2020 to $19,293.6 million in 2025 at a rate of 4.2%. The market is then expected to grow at a CAGR of 3.6% from 2025 and reach $23,046.5 million in 2030. Increasing consumer hygiene awareness to drive the market for wipes during the forecast period.
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Trends In The Global Wipes Market
Companies in the wipes market are developing biodegradable wipes using eco-friendly raw materials such as cellulose and wood pulp. These raw materials are primarily used in the wetlaid and airlaid manufacturing processes. Both cellulose and wood pulp are mostly sourced from geopolitically stable countries, in contrast to the petroleum based raw materials which have a less stable supply chain. For instance, in May 2021, Coterie, a baby care brand launched a new wipe made from 100% plant-based biodegradable and compostable materials.
Global Wipes Market Segments:
The global wipes market is further segmented based on type, product, application and geography.
By Type: Disposable Wipes, Non-Disposable Wipes
By Product: Baby, Facial & Cosmetic, Hand & Body, Flushable, Others
By Application: Household Sector, Industrial Sector, Others
By Geography: The global wipes market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the wipes market, accounting for 34.1% of the total in 2020.
Read More On The Report For The Global Wipes Market At:https://www.thebusinessresearchcompany.com/report/wipes-market
Wipes Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides wipes market overviews, analyzes and forecasts market size and growth for the global wipes market, wipes market share, wipes market players, wipes market segments and geographies, wipes market’s leading competitors’ revenues, profiles and market shares. The wipes market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.