Tissue Products Market is Estimated to Witness High Growth Owing to Increased Demand in Developing Countries

ashwinicmi

posted on 10 months ago — updated on 1 second ago

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

Tissue Products Market is Estimated to Witness High Growth Owing to Increased Demand in Developing Countries

Market Overview:
Tissue products include facial tissues, kitchen towels, toilet papers, napkins, and wipes. These products are sustainable, flushable, and portable. They provide hygiene and sanitation, are biodegradable and environment-friendly. The market is driven by growing population, urbanization, and increased awareness about hygiene.

Market key trends:
The key trends in the tissue products market include increased demand from developing countries. With rising incomes, population growth as well as awareness about hygiene in developing nations such as India, China and other emerging economies in Asia Pacific and Africa, the demand for tissue products is growing rapidly in these regions. Organic and eco-friendly tissues made from recycled paper are also gaining popularity owing to rising environmental concerns. Manufacturers are launching innovative tissue papers made from bamboo, eucalyptus etc. to cater to the demand for sustainable products.

Global Tissue Products Market Is Estimated To Witness High Growth Owing To Increasing Hygiene Awareness And Growing Disposable Incomes

The Global Tissue Products Market is estimated to be valued at US$ 80.99 billion in 2022 and is expected to exhibit a CAGR of 6.55% over the forecast period 20223-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Tissue products include paper-based consumables used for personal hygiene and household cleaning purposes. Some key tissue products are toilet paper, facial tissues, paper towels, napkins, and handkerchiefs. These products find applications across households, hospitals, hotels, restaurants, offices, and other commercial establishments. With growing urbanization and busier lifestyles, the consumption of tissue products is increasing due to convenience and hygiene factors. Additionally, rising incomes in developing countries are enabling higher spending on tissue and personal care products.

Market Dynamics:
Growing awareness about hygiene and cleanliness is a major driver for the tissue products market. The COVID-19 pandemic has further increased focus on cleanliness and boosted tissue product sales globally. Additionally, large disposable incomes especially in developed regions continue to support the uptake of tissue products. For instance, a significant portion of consumers' expenditure in North America and Western Europe goes towards tissue and hygiene products. Furthermore, rapid urbanization in developing economies is propelling lifestyle changes. Smaller household sizes and busy schedules leave less time for domestic tasks, thereby raising the demand for easy to use tissue products. However, raw material price fluctuations may hamper the tissue products market growth to some extent over the forecast period.