Paper Towels Market Summary
As per Market Research Future Analysis, the global Paper Towels Market is projected to reach USD 8.95 billion by 2030, with a CAGR of 5.3% from 2022 to 2030. The surge in demand is driven by heightened hygiene awareness due to the COVID-19 pandemic, leading to increased consumption in both residential and commercial sectors. North America and Europe are the primary markets, with significant growth attributed to urbanization, rising disposable incomes, and the convenience of paper towels over alternatives. The pandemic has also led to stockpiling behaviors, further boosting demand. However, challenges such as counterfeit products have emerged during this period. Major players are ramping up production to meet the unprecedented demand, particularly in the US and Europe.
Key Market Trends & Highlights
The Paper Towels Market is experiencing significant growth driven by hygiene awareness and pandemic-related demand.
- Market Size in 2022: USD 8.95 billion; projected CAGR: 5.3% until 2030.
- North America dominated the market in 2019, driven by strong consumer preference.
- Commercial & institutional segment expected to remain dominant due to wide applications.
- Emerging startups like Who Gives a Crap, Inc. are witnessing increased sales.
Market Size & Forecast
| Market Size | USD 8.95 Billion by 2030 |
| CAGR | 5.3% from 2022 to 2030 |
| Dominant Region | North America |
Major Players
American Specialties Inc. (US), Kimberly-Clark Corp. (US), The Procter & Gamble Company (Japan), Georgia-Pacific LLC (Taiwan), Kruger Inc. (US), Seventh Generation Inc. (US), The Kroger Co. (US), Mercury Paper, Inc. (US), WEPA Hygieneprodukte GmbH (Germany), Cascades Inc. (Canada)
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