What is the Impact of the COVID-19 Crisis on the Wipes Market?
TMR analysts suggests that the global wipes market, which was valued at US$ 34.3 bn in 2018, will rise at a healthy CAGR of 4.1% from 2019 to 2027. If the numbers hold true, the market could rise to a valuation of US$ 49.3 bn by 2027.
Growing awareness about specialty wipes rather than
traditional wipes & the hygiene overview is providing growing opportunity
for wipes market. Cleanliness and sanitation in retail shops and in other
facilities is one of the important factors in attracting new customers and
retaining existing customers. Consumers especially in food-joints remember the
quality, hygiene and ambience of the place. Unpleasant experiences lead to loss
of customer. Moreover the cleanliness and sanitation in schools, universities,
hospitals, and public places is considered drive the wipes market.
Increase in Demand of Non-Woven Wipes
Non-Woven wipes are expected to grow at a higher speed and
are expected to drive the market. Demand for such wipes is increased for
household applications as a result of rising consumer awareness towards the
features of wipe products. The reduction in regulations by the governments
across the globe on development of textile industry and along with penetration
of local players in niche market is also driving the market growth. The
non-woven wipes are currently in strong competition to the woven wipes as these
wipes are preferred for its usability, and affordability.
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Demand Of Disposable Wipes Will Drive the Global Market
Disposable product type accounted for the highest share
in 2018. It has been observed that the usage of non-biodegradable
materials for the manufacture of disposable wipes has come under the radar of
environmentalists and countries with strict senvironment protection norms are
increasingly demanding bio-based products. To remain strong in such regional
markets, companies are innovating their products with the use of recycled
fibers, natural ingredients, and biodegradable materials. Of the key
applications of wipes, the household sector accounted for the highest market
share in 2018 due to increase in number of users of wipes and
other cleaning products for household cleaning and sanitation purposes.
This review is based on a report by TMR titled, “Wipes
Market (Type - Disposable wipes and Non Disposable wipes; Material - Woven and
Non-Woven; Other Cleaning Tools - Sourcing Pads, Scrubbers and Sponges, Brooms
and Mops, Cleaning Brushes; Application - Household Sector, Industrial Sector
(Manufacturing Sector Automotive Sector, Transportation, Food Industry,
Education Sector, and Health Care)) - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2019 - 2027”
For the study, the market has been segmented as follows:
Global Wipes Market, by Type
- Disposable
wipes
- Non-Disposable
wipes
Global Wipes Market, by Material
- Woven
- Non-Woven
Global Wipes Market, by Other Cleaning Tools
- Sourcing
Pads
- Scrubbers
and Sponges
- Brooms
and Mops
- Cleaning
Brushes
Global Wipes Market, by Application
- Household
Sector
- Industrial
Sector
- Manufacturing
Sector
- Automotive
Sector
- Transportation
- Food
Industry
- Education
Sector
- Health
Care
- Others
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