Wet Tissue and Wipes Market is Projected to Register a CAGR of 5.3% During the Forecast Period

September 2022, Market Research Future has published a Report on the Global Wet Tissue and Wipes Market

Overview

The wet tissue and wipes market are predicted to register a CAGR of 5.3% during the 2020 to 2027 forecast period. A market research report predicts USD 23,058.6 million valuation of the market by 2027. The growth is anticipated to be supported by the growing demand from companies across many industries. Based on the report, the presence of many untapped opportunities across the market will drive growth in the market in the coming years till 2027. However, the easy availability of alternative products will negatively affect the wet tissue and wipes market’s growth. The increasing preferences for cheaper alternative solutions are anticipated to be another factor which could turn out to be a threat to companies during 2020 to 2027.

The market report based on primary and secondary data reveals that technology and end-user segments will witness a healthy growth till 2027. While the increasing demand from various industry verticals will support the market during the forecast period and the presence of untapped market opportunities will also help the market globally, the growth could be affected by the fluctuating raw material prices which could hinder business activities. The growing demand for alternatives is also expected to be responsible for stalled market growth till 2027.

Market Segmentation

The wet tissue and wipes market is categorized into smaller segments such as technology and end-users in order to analyze the market. The technology and end-user segments are then categorized further. The technology segment is categorized into air laid, spun lace, wetland, and others. Analysts have studied these sub segments. Based on end-users, the global market is further segmented into home care, industrial, and personal care. Based on the study of these segments, analysts have shared market forecasts.

Growing investments across different sectors will drive growth in the market during the forecast period 2020 to 2027. Across all the segments including technology and end-users, the global market for wet tissue and wipes will witness a healthy growth. However, factors such as the availability of alternative solutions could become a threat to the market’s growth. Economic activities surrounding the wet tissue and wipes sector will also get benefitted from the introduction of new products. Businesses across wet tissue and wipes have been thoroughly studied and analyzed by wet tissue and wipes industry’s expert researchers. Findings have been published in the wet tissue and wipes market research report with forecasts till 2027.

Regional Overview

The wet tissue and wipes market, apart from the product and service-related segments, is spread across the world. The regional markets of wet tissue and wipes covered in the report are North America, Europe, Asia-Pacific, the Middle East and Africa as well as the rest of the world. Favorable government policies are set to be a key growth factor for businesses active in the wet tissue and wipes space. The market across North America is segmented into the United States, Mexico, Canada, and others. Regional markets in the wet tissue and wipes sector across the European market are segmented into Germany, Italy, the United Kingdom, and France. The market in the APAC region is segmented into India, China, Japan, and others. Wet tissue and wipes-based businesses across the world will be supported by the rising demand from different industry verticals during the forecast period 2020 to 2027. However, the growth could be hindered by the fluctuating raw material prices. The market is also segmented into the Middle East and Africa regions among others.

Competitive Landscape

Wet tissue and wipes-based companies have been studied and profiled in the market research report. The wet tissue and wipes market along with its segments and key players has been studied. Wet tissue and wipes business analysis is done to identify competitors and their strategies. The global wet tissue and wipes market research report covers core values, strengths and other key factors about wet tissue and wipes related companies. Competitors to help comprehend their mission, vision, core values, niche market, strengths, and weaknesses. The presence of untapped market opportunities is set to help the market during the forecast period 2020 to 2027. The market is anticipated to reach a higher valuation of USD 23,058.6 million with a CAGR of 5.3%. However, the lack of developed infrastructure will prove to be affecting the wet tissue and wipes market growth.

Industry News

The purchase of a 60% stake in Teknoweb Converting by IMA is a significant move forward in the Group's economic plan, which aims to provide full solutions to customers while also developing advanced technologies that are more competitive in the industry. The combined experience of Teknoweb Converting and the IMA Group aims to create creativity through the creation of next company's stakeholders with attractive pricing, efficiency, and flexibility. Teknoweb Converting is a global leader in the wet wipes industry, which has long been known for its ability to manufacture devices and individual parts that can be retrofitted into existing equipment.