Press release
Absorbent Paper Solutions: Sustainability and Growth Opportunities
According to The Business Research Company's, the absorbent paper market size has grown strongly in recent years. It will grow from $144.79 billion in 2023 to $156.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. the growth in the historic period can be attributed to demand for personal hygiene products, advancements in manufacturing technology, a rise in the number of hospitals, an increased number of surgeries, and increased consumer awareness of health and hygiene.
the absorbent paper market size is expected to see strong growth in the next few years. It will grow to $219.50 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. the growth in the forecast period can be attributed to the growing population, rising disposable incomes, rising sanitation awareness, economic growth, and increasing environmental concerns. Major trends in the forecast period include a shift towards sustainable and eco-friendly products, advancements in biodegradable materials, technological advancements, strategic partnerships, and facility expansion processes.
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Market Drivers and Trends:
The growing automotive sector is expected to propel the growth of the air pressure sensors market going forward. The automotive sector refers to the design, development, manufacturing, marketing, and sale of motor vehicles, including cars, trucks, buses, motorcycles, and other types of vehicles. The automotive sector is expanding due to improved economic conditions, government incentives and regulations, consumer preferences and lifestyle changes, innovation, and competition. Air pressure sensors are used in the automotive sector to monitor and regulate tire pressure, engine performance, and airbag deployment systems for enhanced safety and efficiency. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Therefore, the growing automotive sector is driving the growth of the air pressure sensors market.
Major companies operating in the absorbent paper market are developing innovative products, such as kitchen napkins, to enhance their market presence and meet the evolving consumer demands for convenience and sustainability. A kitchen napkin, also known as a paper napkin or serviette, is a disposable absorbent paper product used in kitchens and dining areas to maintain cleanliness during food preparation and consumption. For instance, in April 2024, Scott Paper Company, a US-based sanitary manufacturer, launched the Calorie Absorber Pro, a cutting-edge paper kitchen towel. This new product features advanced absorption technology that allows it to soak up excess oil and grease from food, effectively reducing the calorie content of meals. The Calorie Absorber Pro is crafted from ultra-durable, high-absorbency paper, ensuring that it can handle heavy-duty kitchen tasks without tearing or disintegrating. It boasts a unique texture that maximizes surface-area contact, ensuring efficient and thorough absorption.
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Major Key Players of the Market:
Major companies operating in the absorbent paper market are developing innovative products, such as kitchen napkins, to enhance their market presence and meet the evolving consumer demands for convenience and sustainability. A kitchen napkin, also known as a paper napkin or serviette, is a disposable absorbent paper product used in kitchens and dining areas to maintain cleanliness during food preparation and consumption. For instance, in April 2024, Scott Paper Company, a US-based sanitary manufacturer, launched the Calorie Absorber Pro, a cutting-edge paper kitchen towel. This new product features advanced absorption technology that allows it to soak up excess oil and grease from food, effectively reducing the calorie content of meals. The Calorie Absorber Pro is crafted from ultra-durable, high-absorbency paper, ensuring that it can handle heavy-duty kitchen tasks without tearing or disintegrating. It boasts a unique texture that maximizes surface-area contact, ensuring efficient and thorough absorption.
Absorbent Paper Market 2024 Key Insights:
• The absorbent paper market size is expected to grow to$219.50 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.
• Rising Demand For Hygiene Products Propels Growth In The Absorbent Paper Market
• Innovative Developments In Barometric Air Pressure Sensors
• North America was the largest region in the absorbent paper market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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