Global tissue towel market is estimated to be valued at US$ 49.3 Billion in 2021, according to the Global Tissue Towel Market Report, by Product Type (Roll Towel, Folded Towel, Boxed Towel); by Application (Hypermarkets, Supermarkets, Convenience Stores, Pharmacies/Drug Stores and Others); By End-use Industry (Personal Care, Home Care, Healthcare and Hospitality), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global tissue towel market was valued at US$ 49.3 Billion in 2021. Tissue towel market is expected to register a CAGR of 2.3% over the forecast period (2022–2030) to reach US$ 60.4 Bn by 2030. Increasing health awareness among consumers is propelling growth of the tissue towel market. Tissue towel offers advantages such as prevention of bacterial infection when used for hand drying, which reduces the risk of communicable diseases such as cold and flu. Environmental problems caused due to tissue industries such as water pollution, deforestation, toxic pulping, and greenhouse gas emissions is a major factor restraining growth of the tissue towel market. Therefore, various manufacturers are focused towards launching biodegradable tissue towels.
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https://www.coherentmarketinsights.com/market-insight/tissue-towel-market-1619
Browse 50 market data tables* and 40 figures* on "Global Tissue Towel Market” - Forecast to 2030.
Key Trends and Analysis of the Global Tissue Towel Market:
- Among end-use industry, healthcare industry segment accounted for the highest market share in 2021, owing to rising government health expenditure. According to the Australian Government, Australian Institute of Health and Welfare, the total government health expenditure was valued at US$ 145.5 Bn and increased by 10.1% in 2021.
- Among product types, roll tissue towel segment is expected to account for significant share in the global tissue towel market. Production of roll tissue towel is faster as compared to folded tissue towel, as some manufacturing operations such as cutting and folding are not necessary.
Key Takeaways of the Global Tissue Towel Market:
Asia Pacific was the fastest growing region in the global tissue towel market in 2021. This is attributed to increasing demand for tissue products from economies such as China and India. Moreover, increasing manufacturing capacity of tissue products by various market players is also fueling growth of market in this region.
- North America is expected to exhibit significant growth in the global tissue towel market over the forecast period. Increasing innovations in tissue towel products to meet demands of consumers creates an opportunity for manufacturers to launch new innovative products in the tissue towel market, thereby driving growth of market in the region..
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global tissue towel market
