Global Tissue Paper Market to witness a surge in its valuation with a CAGR 5.90% by 2027
Published | 02 October 2020
According to BlueWeave
Consulting, Global Tissue Paper Market is estimated to be USD 65.96
Billion by 2027 from USD 44.16 Billion in 2020, at a CAGR of 5.90% from 2020 to
2027.
The global tissue paper market
is anticipated to register profitable growth in the coming years. The main
reason for this development is an increase in requests for feminine hygiene
products. The introduction of recycled hygiene paper has shaped good growth
chances in the tissue and hygiene products market. Further, rapid urbanization
and industrialization in emerging economies of the Asia Pacific and the Middle
East, and Africa are also fueling the revenue growth of the global tissue paper
market. A growing consciousness concerning personal hygiene is also boosting
requests in the global tissue paper market. Companies operating in the
worldwide market are focusing on business growth through new product launches.
Structured investments in R&D are predictable to increase the market share
in the global tissue paper market.
“Paper Towel is the major
segment under product”
Based on the Product, Paper
towel is probable to cultivate at the firmest rate in the Tissue Paper market
over the prediction period due to high hospitality industries' high usage.
Besides, a paper towel is extensively used for household and profitable
purposes to further enhance the growth in forthcoming years. Facial tissue is
also rising in the tissue paper market due to the change in the routine and the
surge in the disposable income of consumers.
Growth Drivers
Increasing tourism and
hospitality industry
The increasing tourism and
hospitality industry are one of the major factors motivating the market. The
hotel, restaurants, and spa centers are a crucial consumer for the paper
tissue, which pushes the market. Moreover, the growing attentiveness of hygiene
in the developing nation is also a significant reason for boosting market
development, as hospitals also offer tissue paper for the patients.
Increasing awareness of
Hygiene
Increasing consciousness
regarding personal care and hygiene is one of the main factors predictable to
drive the mark market's growth. Besides, the growing demand for kitchen towels
for cleaning and maintaining domestic hygiene is a factor predictable to fuel
the target market's development.
Restraint
The worldwide tissue paper
market is not without its dares. Several countries' governments have forced
stringent regulations relating to the proper disposal of wipes, which has
created multiple tests in the tissue paper market. The tissue paper market in
advanced economies of North America and Europe is a mature market, thereby
deteriorating added growth in these regional markets.
Global Tissue Paper Market:
Regional Insights
North America appears to use a
higher quantity of tissue paper products per capita, closely followed by
Western Europe, as these two areas are poised of highly developed countries. On
the other hand, the per capita ingesting of tissue paper products in the Asia
Pacific region is comparatively lower. Due to the high populace of the Asia
Pacific, the area is expected to provide a meaningfully large market for the
Household tissue paper products. Middle East region has low agricultural
produce and thus costs a bit higher than that in the other areas. While due to
a significantly high normal of living of the people in GCC counties, the MEA
region can provide a considerable chance to the Household tissue paper products
market.
Global Tissue Paper Market:
Competitive Landscape
Some of the leading players
operating in the Global Tissue Paper Market are Kimberly-Clark Corporation,
Georgia Pacific LLC (Koch industries), SCA (Svenska Cellulosa Aktiebolaget),
Procter & Gamble, Clearwater Paper Corporation, Wausau Paper Corp., and
Kruger Products, among others.
Do not miss the business
opportunity of the Global Tissue Paper Market. Consult our analyst, gain
crucial insights, and facilitate your business growth.
The in-depth analysis of the
report provides the growth potential, upcoming trends, and statistics of the
Global Tissue Paper Market size & forecast. The report promises to provide
state-of-the-art technology of Global Tissue Paper Market and industry
insights, which help decision-makers to make sound strategic decisions.
Furthermore, the report also analyzes the market drivers, challenges, and
competitive analysis of the market.
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