Global Tissue Paper Market Size [2022-2028] To Reach USD – GlobeNewswire
WASHINGTON, Aug. 25, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Tissue Paper Market finds that the increase in demand for personal care and sanitation is expediting market growth. In addition, growing responsiveness to hygiene & cleanliness and a rise in investments by top market players to launch eco-friendly and sustainable items are projected to enhance the growth of the Global Tissue Paper Market during the forecast period.
The Global Tissue Paper Market revenue is expected to reach a value USD 23,519.0 Million in 2028.
The Global Market revenue was valued at USD 19,582.5 Million in 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period; states Vantage Market Research, in a report, titled “Tissue Paper Market Size, Share & Trends Analysis Report by Application (At Home, Away From Home), by Product Type (Paper Tissues (made from Pulp), Wet Wipes, Facial Tissue, Other Types), by Distribution Channel (Offline, Online), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
Key Industry Findings & Insights from the report:
- The global Tissue Paper Market was valued USD 19,582.5 Million in 2021 and is all set to surpass USD 23,519.0 Million by 2028, exhibiting a CAGR of 3.1% during the forecast period 2022-2028.
- In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
- In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
- The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
- Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Tissue Paper industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.
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Rising Requirements for Personal Care and Sanitation to Drive the Market Growth
Growth in the need for personal care & sanitary products to maintain hygiene is one of the key factors driving the demand for sanitary napkins. In addition, the rise in overall population expenses on healthcare items and personal care groceries are likely to propel market growth. With changes in consumers’ purchasing behavior & habits due to the rapid urbanization and growing disposable incomes, the Tissue Paper Market growth in emerging economies is expected to accelerate. Furthermore, the growing party & celebrations trend is surging the demand for makeup kits and sanitary sheets to remove makeup. Also, there is an increase in the use of beverage napkins, specialty wipes, and sanitary items because of the growing rate of cafes, bars, and restaurants. According to the National Restaurant Association, restaurant sales in the United States reached USD 899 billion and augmented by 4 percent in 2019. Moreover, the expanding residential and hospitality infrastructural facilities increase the need for toilet and bathroom accessories. …….
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