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Global Hand Towel Market 2024 Future Outlook, Competitive Landscape, Industry Insights And Key Players Analysis Till 2033
Hand Towel Market
The Business Research Company's Hand Towel Global Market Report 2024 identifies increasing awareness as the major driver for the Hand Towel Market's growth in the forecast period. Hygiene and sanitation are essential for preventing and controlling the spread of many dangerous human diseases, including cholera, diarrhea, ebola and recent COVID-19. Regular hand-washing with soap is one of the most effective ways of avoiding or reducing COVID-19 spread without a vaccine or cure. According to a recent poll in 2021 among French people, French citizens might be at high risk for viral infections in the form of COVID-19 (COVID-19) due to a lack of good hygiene practices. Therefore, the increasing awareness about hygiene across the countries is expected to drive the growth of the hand towel market.
The hand towel market size has grown strongly in recent years. It will grow from $3.22 billion in 2023 to $3.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to sanitation awareness, hospitality sector growth, household necessity, industrial and commercial demand, eco-friendly initiatives.
The hand towel market size is expected to see strong growth in the next few years. It will grow to $4.32 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to customization and personalization, innovation in material science, rising health and hygiene concerns, online retail and e-commerce, changing consumer lifestyles. Major trends in the forecast period include smart textiles and iot integration, sustainable and biodegradable materials, designer and fashionable towels, anti-microbial and anti-viral properties, subscription services.
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Major competitors in the hand towel market are Kimberly-Clark Corporation, The Procter & Gamble Company, Svenska Cellulosa Aktiebolaget SCA, Hengan International Group Company Limited, Vinda International Holdings Limited, Asaleo Care Limited, Sofidel S.p.A., Georgia-Pacific LLC, WEPA Group, Metsä Tissue Corporation, CMPC Tissue S.A., KP Tissue Inc., Cascades Inc., Asia Pulp & Paper Group (APP), Towel Depot Inc., Springs Global US Inc., 1888 Mills LLC, J.R. United Industries Inc., Sunvim Group Co. Ltd., Aldar Tissues, EverShine Textile Co. Ltd., Wausau Paper Corp., Nine Space LLC, Santens NV, Towel Manufacturer USA, GM Exports, Dunroven House Inc., QIANXIANG Textile Co. Ltd., Behrens Group, WHR GmbH, Laguna Beach Textile Company, Dock and Bay Ltd., K
A key trend in the Hand Towel Market includes Product Innovations. Major companies operating in the hand towel market are innovating new products to gain a competitive edge in the market. For instance, in January 2022, Luxome, a US-based bedding company, launched two towel collections, the Plush Performance and Spa Collections. These towels offer advanced features, including patented dual-loop technology for faster drying and luxurious materials, such as 60% bamboo viscose. The Plush Performance line outperforms cotton towels, drying 30% faster, and the Spa Collection offers a spa-like experience with superior softness and moisture-wicking properties. Both collections are OEKO-TEX Standard 100 certified, free from harmful substances.
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The Hand Towel Market is segmented -
1) By Product Type: Rolled Paper Towels, Boxed Paper Towels, Multifold Paper Towel
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Specialty Stores, Online Channels, Other Distribution Channels
3) By Application: Residential, Commercial
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hand Towel Market.
The Business Research Company's "Global Hand Towel Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hand Towel Market Include:
1. Executive Summary
2. Hand Towel Market Characteristics
3. Hand Towel Market Trends And Strategies
4. Hand Towel Market - Macro Economic Scenario
5. Global Hand Towel Market Size and Growth
……
31. Global Hand Towel Market Competitive Benchmarking
32. Global Hand Towel Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hand Towel Market
34. Hand Towel Market Future Outlook and Potential Analysis
35. Appendix
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