Tissue Products Market, Overview, Key Takeaways, key trends

 
Tissue Products Market

The global Tissue Products Market is estimated to be valued at US$ 80.99 billion in 2022 and is expected to exhibit a 6.55% CAGR over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Tissue products include toilet papers, paper towels, facial tissues, napkins, and others. These products provide hygiene and absorbency. The increasing demand for hygienic paper products from households and commercial sectors along with growing awareness about health and sanitation are fueling the growth of the tissue products market.

Market key trends:
One of the key trends witnessed in the global tissue products market is the increasing preference of consumers towards online shopping channels. Earlier, consumers preferred purchasing tissue products from brick and mortar stores. However, with rising penetration of internet and smartphones, consumers are switching towards online shopping due to benefits such as convenience, discounts, home delivery, and other offers. The online retail sector provides various options with product reviews, ratings, and comparisons, which help consumers to choose the best suitable product as per their needs. This, in turn, is boosting the growth of online sales channel for tissue products.

Segment Analysis
The global tissue products market is segmented into toilet paper, facial tissues, paper towels, napkins, and others. The toilet paper segment dominates the market and accounted for more than 30% share in 2022 due to increasing consumer awareness regarding health and hygiene. The segment is anticipated to grow at a faster pace during the forecast period owing to the rising spending power of consumers and their shifting preference towards premium toilet paper products.

Key Takeaways
The Global Tissue Products Market is expected to witness high growth, exhibiting a CAGR of 6.55% over the forecast period 2023-2030, due to increasing health awareness among consumers regarding personal hygiene and sanitation. The market is estimated to reach USD 80.99 billion by 2022.

North America dominates the global market with more than 35% revenue share in 2022 due to rising consumption of premium tissue products in countries like US and Canada. Asia Pacific is projected to be the fastest-growing region on account of growing population, improving living standards, and changing lifestyles in major countries like China and India.

Key players operating in the tissue products market are SCA, Kimberly-Clark Corporation, Georgia-Pacific LLC, Asia Pulp and Paper Group, Procter & Gamble Co., Sofidel Group, CMPC Tissue S.A., WEPA Hygieneprodukte GmbH, Metsä Group, and Cascades Inc. These players are focused on new product launches and strategic collaborations to enhance their market reach. For instance, in 2021, SCA launched its first recycled toilet paper in North America made from 100% recycled fibers.

Read More:

https://www.marketwebjournal.com/tissue-products-market-growth-demand-and-forecast/

Comments

Post a Comment

Popular posts from this blog

Electronic Warfare Market Poised to Witness High Growth Owing to Increasing Usage of EW Systems Across Military and Defense Sectors

Image
Electronic Warfare Market Electronic warfare (EW) systems are used for detecting, deceiving or damaging enemy’s communication and radar systems. It involves deliberate emission or suppression of electromagnetic energy to maintain information dominance. EW systems find wide applications across military, including land, sea, air and space operations for counteracting threats from armed forces of other nations. The need for situational awareness and gaining tactical advantage over opponents has catalyzed demand from armed forces globally. The global electronic warfare market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.  Key players operating in the electronic warfare market are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corpor
Read more

Cellulose Films is the largest segment driving the growth of Cellulose Plastics Market

Image
  Cellulose Plastics Market The global Cellulose Plastics Market is estimated to be valued at US$ 819.69 Mn or Million in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Cellulose plastics are bioplastics made from cellulose, one of the most abundant organic polymer on Earth. They are produced from plant materials like wood and agricultural residues. Cellulose plastics offer advantages like biodegradability, recyclability and sustainability. They are widely used in agriculture films, food packaging and textiles. Market key trends: One of the key trend in the cellulose plastics market is growing demand for biodegradable and sustainable packaging solutions. Rising environmental concerns regarding widespread use of conventional plastics is driving the demand for eco-friendly cellulose plastics. Strict government regulations prohibiting use of single use plast
Read more

Eyewear Market Is Estimated To Witness High Growth Owing To the Growing Demand for Prescription Eyewear

Image
  Eyewear Market The global Eyewear Market is estimated to be valued at US$ 273.4 billion in 2018 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The Eyewear Market includes products such as prescription glasses, contact lenses, and sunglasses. These products offer vision correction and protection from harmful ultraviolet (UV) rays. The increasing prevalence of eye disorders and the growing awareness about the importance of eye health are driving the demand for eyewear products. Furthermore, the rising use of digital devices and exposure to blue light is also contributing to the need for prescription eyewear to reduce eye strain and prevent vision problems. Market Key Trends: One key trend in the Eyewear Market is the increasing demand for fashionable and luxury eyewear. Consumers are not only seeking vision correction but also looking for eyewear that complements
Read more