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