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Global Tissue Towel Market To Surpass US$ 54.3 Billion By 2025

12-01-2020 02:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Tissue Towel

Tissue Towel

Tissue towel is an absorbent towel that is made from paper for drying hands, cleaning up spills, wiping windows, and others. Increasing consumption of paper towels is driving growth of the global tissue towel market. According to the Ocean Conservancy, around 13 billion pounds of paper towels are used each year in the U.S.

Furthermore, increasing personal care and healthcare spending fuel growth of the market. According to the Office for National Statistics (ONS), in U.K., the total healthcare expenditure grew by 3.6% in 2016 when compared to previous year to reach US$ 218.33 billion.
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Market Dynamics

Asia Pacific is expected to hold dominant position in the global tissue towel market over the forecast period, owing to growing tourism and hospitality sector. According to the India Brand Equity Foundation (IBEF), hotel chains in India are expected to account for around 47% share in tourism and hospitality sector by 2020.

Furthermore, rising disposable income and various government initiatives to increase hygiene awareness among consumers is expected to drive growth of the global tissue towel market. For instance, in April 2018, South Delhi Municipal Corporation (SDMC), national Commission for Protection of Child Rights (NCPCR), Department of Women & Child Development (DWCD), Delhi Commission for Protection of Child Rights (DCPCR), and PVR Nest launched pink toilets around PVR Complexes so as to provide hygienic public restroom for adolescent girls and women, equipped with sanitary napkins vending machine, incinerators, tissue papers, and hand wash facilities.

Major Players in the Global Tissue Towel Market

Some of the key players operating in the global tissue towel market include Kruger Inc., Wepa Leuna GmbH, Cascades Inc., Georgia-Pacific LLC, Metsä Tissue, Procter & Gamble Co., Kimberly-Clark Corporation, Asaleo Care Limited, Hengan Group, SHP Slovak Hygienic Paper Group, AB Grigeo, Essity Aktiebolag (publ), Industrie Celtex S.p.A, Lucart S.p.A., and Sofidel S.p.A.

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Detailed Segmentation:

Global Tissue Towel Market, By Product Type:
Roll Towel
Folded Towel
Boxed Towel
Global Tissue towel Market, By End-use Industry:
Personal Care
Home Care
Healthcare
Hospitality
Global Tissue Towel Market, By Distribution Channel:
Hypermarkets
Supermarkets
Convenience Stores
Pharmacies/Drug Stores
Others

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions.

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