Global Bamboo Fiber Towel Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2028

The global bamboo fiber towel market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028). These towels are made of bamboo, a quickly renewable grass and one of the most sustainable resources on the planet. Bamboo is naturally antibacterial and antimicrobial, making it ideal for towels and these towels are super soft, absorbent, and durable. In addition, the increasing demand for eco-friendly and sustainable products, the growing awareness about the health benefits of using bamboo fiber towels, and these towels are free from germs and bad odor even when kept in a damp environment for days. These are some factors that propel the growth of the global bamboo fiber towel market during the forecast period. Furthermore, these towels are three times more absorbent than cotton making them ideal for use in humid conditions, they are biodegradable and do not contain any chemicals, and these towels are very soft and comfortable and perfect for daily use, and can be used to remove makeup, cleanse the face, or simply as a way to relax after a long day.
Some major players in the market include Foshan Nanhai Ruifu Qifeng Towel Industrial Co. Ltd., Huaian Jinsanhuan Textile Technology Co., Ltd., and Kunming Ansheng Industry Trade Co., Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2019, Slowtide entered into a partnership with Acacia to launch a new towel product. Further, in January 2019, West Elm announced the launch of a luxurious new bath line comprising the plushest towels.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028

• Segment Covered-
o By Type
o By Application
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Foshan Nanhai Ruifu Qifeng Towel Industrial Co. Ltd., Huaian Jinsanhuan Textile Technology Co., Ltd., and Kunming Ansheng Industry Trade Co., Ltd., among others.

Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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Global Bamboo Fiber Towel Market Report by Segment

By Type
• Face Towel
• Bath Towel
• Other

By Application
• Household
• Hotel
• Other

By Sales Channel
• Hypermarket/Supermarket
• Specialty Stores
• Multi Brands Stores
• Online Stores

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This release was published on openPR.