Folded Wipes Market Share, Demand, Top Players, Industry Size, Future Growth By 2029
The global folded wipes market size is expected to observe robust growth in the upcoming years. The surging consumption of hygienic products due to rising sanitation and health concerns among consumers is anticipated to fuel the market growth. Fortune Business Insights™ has presented this information in an upcoming report titled, “Folded Wipes Market, 2022-2029”.
The increasing expansion of the restaurant industry is expected to be the key growth driver for the market. The National Restaurant Association’s data in May 2019 proclaimed that the restaurant and accommodations segment had witnessed a surge of 74.9% in the US. Hence, the massive consumption of the product by restaurants is anticipated to drive the growth of the market prominently.
COVID-19 Impact-
The global pandemic has stagnated the growth of the market. The disruptions in the global supply chain and logistical networks have hampered market growth. The reduced production due to the low available workforce has impacted the growth of the market. Additionally, the reduced product demand due to a halt on outdoor dining and the closure of several restaurants has aggravated the situation. However, the demand for sanitary wipes has increased during the pandemic, which has helped many businesses to stay afloat. The market is projected to witness immense growth post-pandemic.
Fortune Business Insights™ lists out all the folded wipes market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Essity
- Huchtemeier Papier
- MP Hygiene
- Carlimpex
- Kimberly-Clark
- Mesta Tissue
- Star Tissue
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Report Coverage-
- The report offers a comprehensive analysis of the prospected market.
- The report highlights different segments such as product type, type, and end-users.
- The report analyses the impact of the COVID-19 pandemic.
- The report incorporates PESTLE Analysis and Porters’ Five Forces Analysis.
- The report provides valuable insights into the regulatory scenarios of the market.
Drivers & Restraints-
Prospering Catering Industry to Stimulate Market Growth
The rising consumption of sanitation and hygienic products is anticipated to fuel the global folded wipes market growth. Additionally, wipes provide convenience, formal appeal, and easy disposability. These factors are likely to surge the product’s consumption and complement the market growth.
The prospering catering industry across various nations of the world is likely to stimulate market growth in the coming years. The Department of Environment and Rural Affairs United Kingdom estimates that the drink, food, and catering industries are expected to exhibit a 3.1% growth rate.
The increasing expansion of the restaurant industry is expected to bolster market growth. The National Restaurant Association’s data in May 2019 estimated that the restaurants and accommodations segment had witnessed a surge of 74.9% in the US.
A huge women population uses wipes to clean or change makeup. Hence, the increasing consumption of folded wipes by the female population is expected to fuel the market growth.
However, the widely available substitutes may hinder the market growth.
Segmentation-
On the basis of product type, the market segments into hand & body, facial & cosmetics, baby, and others. On the basis of its type, the market bifurcates into wet and dry. On the basis of end-user, the market fragments into females and males. Geographically, the market is classified into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Regional Insights-
Growth Travel & Tourism Industry to Foster Growth in Europe
North America is projected to emerge dominant in the global folded wipes market share. The increasing product consumption due to the rising participation of people in sports activities is expected to boost the market growth. The National Federation of State High School Association estimated that a total of 7,937,491 participated in high school sports in September 2019. Additionally, the increasing consumer expenditure on child care is anticipated to amplify market growth.
Europe is expected to attain substantial growth in the forthcoming years. The increasing expansion of the travel and tourism industry is expected to foster growth for the market. Moreover, the booming growth of the hotel industry is anticipated to fuel the market growth.
Competitive Landscape-
Key Players Focus on Partnerships & Acqusitions to Capture Growth in the Industry
The market is fairly fragmented and comprises a few key players operating in the cutthroat competition. The key players in the market primarily adopt organic growth strategies such as new product launches, technological innovations, patents, and others to enhance their market presence. The key players also adopt inorganic growth strategies such as mergers, acquisitions, collaborations, partnerships, and others to enlarge their consumer base and generate more significant revenues. For instance, Techtex acquired Klenzeen Ltd. and Whitminster International Ltd. in January 2020 to fortify its presence in the industrial and healthcare wipes sector.
The Global Folded Wipes Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Folded Wipes? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Folded Wipes Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Folded Wipes Market? What Was Capacity, Production Value, Cost and PROFIT of Folded Wipes Market?
- What Is Current Market Status of Folded Wipes Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Folded Wipes Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Folded Wipes Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Folded Wipes Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Folded Wipes Industry? What are Global Folded Wipes Analysis Results? What Are Global Folded Wipes Development Trends?
- What Are Market Dynamics of Folded Wipes Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Folded Wipes Industry?
Industry Developments-
- October 2020: Fibroline entered into a strategic partnership with Euro Wipes to surge the natural formulae development without solvents and preservatives.
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