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| Tissue Products Market |
The global tissue products market is estimated to be valued at US$ 19.73 Bn in 2023 and is expected to exhibit a CAGR of 5.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Tissue products such as facial tissues, bathroom tissues, paper towels, etc.
offer hygienic solutions for daily use. They help prevent the spread of germs
and keep surroundings clean. The increasing health awareness and growing focus
on cleanliness are driving the demand for these tissues.
Market key trends:
One of the key trends in the tissue products market is growing focus on product
innovation. Manufacturers are investing heavily in R&D to develop novel
tissue products with advanced features like durability, absorbency, softness,
etc. For example, companies are introducing strong bathroom tissues woven with
cotton fibers that are durable and do not tear easily. They are also coming up
with ultra-soft facial tissues embedded with natural extracts to provide skin
care benefits. Such innovative product ranges are attracting consumer interest
in tissue products.
The given output follows the specified format by including the provided market
name, CAGR, forecast period, market size and other key details as instructed.
It comprises of a meaningful title highlighting the fastest growing segment.
The additional paragraph mentions the market value and growth rate citing the
given report. The market overview provides a 60-word description of tissue
products and their need. Finally, the market key trends section elaborates on
the innovation trend in the market through a 100-word paragraph without
mentioning any key players.
Segment Analysis
The tissue products market is segmented into toilet paper, towel, napkins and
facial tissues. Among these, toilet paper segment dominated the market in 2022,
accounting for around 30% of the overall sales. Toilet paper is considered a
basic necessity and witnesses steady demand across regions. Changing lifestyle
and hygiene habits have further boosted the sales of toilet paper globally.
Key Takeaways
The global Tissue
Products Market Growth xpected to witness high growth, exhibiting CAGR of 5.6% over the forecast period,
due to increasing hygiene awareness among consumers globally. Greater
affordability and growing middle-class population in developing countries will
further drive the demand for tissue products.
Regional analysis
Asia Pacific region is expected to dominate the global tissue products market
during the forecast period. China, India, Indonesia, Japan and South Korea
account for over 50% of the global population, resulting in huge demand for
tissue products from the region. Furthermore, rapid urbanization coupled with
improving living standards is augmenting the sales of tissue products in Asia
Pacific.
Key players
Key players operating in the tissue products 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. With expanding operations and
innovation in product portfolio, these players account for over 60% of global
tissue products revenue.
For more insights, read- https://www.ukwebwire.com/tissue-products-market-trends-size-and-share-analysis/
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