Consumer Wet Wipes Market Inclined to Project Higher Revenue Share during the Stated Forecast Period, 2017-2026
The purpose of this rich study presented by FactMR is
to elaborate the various market projections impacting the global
consumer wet wipes market during the period until 2026. This
assessment delivers high-end statistics concerning market size, Y-o-Y growth in
trends and revenue share (US& Mn) linked to different geographies and
segmentation types. Readers can acquire precise insights about growth trends
along with opportunities that are expected to reshape the overall structure of
the consumer wet wipes market during the forecast period.
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A new research study of FactMR envisages the
global market for consumer wet wipes to depict an average 4.9% value CAGR
between the period 2017 and 2026. More than 394,000 thousand units of consumer
wet wipes are pegged to be sold across the globe by 2026-end. Consumer wet wipes are skincare
products developed for maintaining health of the skin, and comprise properties
such as acne prevention, ultraviolet protection, anti-aging, anti-inflammatory,
and skin smoothing. A wide range of plant-derived, synthetic oil, and water
solution-based wipes are marketed and sold across the globe.
Omnichannel retailing has been a rising trend among industries
across different countries. Manufacturers of consumer wet wipes are focusing on
the distribution of their products via different physical stores that include
convenience stores, hypermarkets, supermarkets, department stores, and pharmacy
stores. The online retailing, whose backbone is the internet, is therefore
expected to witness proliferation in the foreseeable future, thereby providing
a boost to sales of consumer wet wipes worldwide. Convenience and portability
associated with packaging of consumer wet wipes are considered to be imperative
factors influencing their purchases, as compact packaging, such as travel
packs, enhances portability and reduces the overall cost of the product.
Growing adoption of specialty wipes is another major trend being witnessed
around the world, as these wipes can be utilized by humans as well as for pets
such as cats and dogs. Specialty wipes also facilitate use in cleaning cars,
and hard surfaces & floors at residential spaces. Key companies producing
consumer wet wipes are now introducing wet wipes for use in industrial
applications, such as cleaning & protecting hands of workers, machinery and
tools, for maintaining hygiene at workplaces.
In terms of value, Europe will continue to dominate the
global consumer wet wipes market on the back of improving economic
vigour and higher consumer spending on personal care products in the region.
This has further created demand for more task-specific, higher value wet wipes
in Europe. In addition, the market in Europe is likely to witness introduction
of innovative wet wipes in the near future.
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Wipes Market Report with TOC Here - https://www.factmr.com/report/483/consumer-wet-wipes-market
Among various technologies utilized for the production of
consumer wet wipes, spunlace will remain preferred over others on the back of
its benefits including provision of high strength and soft texture, along with
good absorbency and durability. Spunlace technology is primarily utilized for
manufacturing drapes, household wipes, facial wipes, and baby wipes, which seek
immense adoption worldwide. Spunlace technology will continue to account for
the lion’s share of the market, in terms of value.
Vendors of cosmetic wipes are increasingly focusing on product
enhancements in accordance with stringent government regulations and standards
for ensuring safety of utilization. In addition, the market vendors are also
concentrating on launching specialized and innovative cosmetic wipes for
different skin types. Cosmetic wipes will therefore remain dominant among
products in the global consumer wet wipes market. Modern trade will remain the
most lucrative sales channel for consumer wet wipes, trailed by online stores
and departmental stores. Consumer wet wipes sales are projected to exhibit the
fastest expansion in modern trade through 2026.
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