General Purpose Wipes Market will touch a value of nearly US$ 1,450 Mn by 2022

Fact.MR has recently added a new report to its vast online database. This research study is titled as “General Purpose Wipes Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.

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General purpose wipes are used for a variety of purposes both in institutional and industrial settings. Sales of general purpose wipes are growing throughout the world due to the improving economy and a rise in manufacturing activities. Also, acceleration in consumer spending has also contributed in the rising sales of general purpose wipes. Using wipes provides convenience, can be disposed easily, are easily portable and reduce the risk of cross contamination. As far as trends are concerned, while ease of disposability is an advantage that wipes have in general, this factor may also restrain the sales of wipes as consumers nowadays are more concerned about the environment and solid waste generation. In response to such concerns, manufacturers are making general purpose wipes that are biodegradable and decompose easily without having a major impact on the environment. Accelerated manufacturing activities will have a major positive impact on the sales of general purpose wipes globally. Growth in the sales of industrial wipes will be aided to some extent by the passing of the Wiper Rule in 2013 by the Environmental Protection Agency. Due to this, the solvent-contaminated disposable wipes can be labelled as non-hazardous solid waste, therefore increasing their competitiveness with reusable shop towels. Moreover, the use of general purpose wipes is rising in the healthcare and food service industries to prevent infections and contamination of food.

General purpose wipes are also known as all liquid absorbents, maintenance absorbents or even universal absorbents. They are used for the maintenance and cleaning of the leaking, dripping or spilling of liquids from daily activities. General purpose wipes are ideal for industrial applications and suitable for general maintenance in industrial and institutional settings.

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4 Forecast Highlights on Global General Purpose Wipes Market

1. As per the forecast of Fact.MR, the anti-static wipe segment is slated to touch a value of nearly US$ 160 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The anti-static wipe segment is estimated to account for more than one-tenth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.

2. As per the forecast of Fact.MR, the paper material type segment will reach a value of nearly US$ 300 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The paper material type segment is estimated to account for more than one-fourth of the revenue share of the material type segment in the year 2017 end and is expected to gain market share by the end of the year 2022.

3. As per the forecast of Fact.MR, the modern trade segment is slated to reach a value of nearly US$ 475 Mn in 2022. The modern trade segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the modern trade segment.

4. Fact.MR forecasts the wet wipes segment to grow from nearly US$ 770 Mn in 2017 to nearly US$ 960 Mn in 2022. This represents a compound annual growth rate (CAGR) of 4.5% from 2017 to 2022.

Europe Market Set to Dominate the Global General Purpose Wipes Market in Terms of Revenue

The market in Europe is set to dominate the global general purpose wipes market in terms of value and this trend is projected to sustain itself throughout the assessment period. Europe general purpose wipes market is the most attractive market, growing at a moderate CAGR over the assessment period.

Abrasive Surface Wipe Segment Poised to Touch a Value of Nearly US$ 160 Mn in 2022

As per the forecast of Fact.MR, the abrasive surface wipe segment is expected to reach a value of nearly US$ 160 Mn in the year 2022. This represents a moderate CAGR during the forecast period of 2017-2022. Abrasive surface wipe segment is expected to account for more than one-tenth of the revenue share of the product type segment by the year 2017 and is expected to lose market share by the end of the year 2022.

Cloth Material Type Segment to exhibit a CAGR of 4.5% During the Assessment Period

As per the forecast of Fact.MR, the cloth material type segment is slated to touch a figure of nearly US$ 540 Mn in the year 2022. This represents a CAGR of 4.5% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The cloth material type segment is expected to account for more than one-third of the revenue share of the material type segment by the year 2017.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global general purpose wipes market through 2022, which include Johnson & Johnson, Procter & Gamble, Kimberly-Clark, Svenska Cellulosa Aktiebolaget SCA, Unicharm, Burt's Bees, Cotton Babies Inc., Farlin Infant Product Corporation, First Quality Enterprises, Hengan International Group Company Limited, Himalaya Wellness Drug Company, Pigeon Corporation and Sebapharma GmbH & Co. KG.

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This release was published on openPR.