Global wipes market, which valued at US$30,438.4 mn in 2015, will rise at a healthy CAGR of 4.1% from 2017 to 2025. If the numbers hold true, the market could rise to a valuation of US$44,580.7 mn by 2025.
Wipes are mainly used for eliminating dust particles, liquid and to clean the surroundings. According to the latest report, the rising adoption of wipes in consumer and industrial applications, collectively with modernization and enlarged customer awareness are all projected to result in a promising rise of demand for wipes across the globe.
Recently, a study based on the global market scenario has been prepared by experts which is titled as “Wipes Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”. Market Research Hub (MRH) has freshly broadcasted this new study to its wide database, which offers a detailed analysis of the development status and retail growth of the market during the mentioned forecast of 2017 to 2025.
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Geographically, some of the key regions analyzed in the report include, Asia Pacific, North America, Middle East & Africa, Europe, and Latin America.
Key Findings from the study
Owing to the convenience they offer, wipes prominently find demand across a number of application areas. For instance, in household cleaning, the use of wipes makes for a much faster and stress-free option.
Apart from that, Industrial Sector such as manufacturing, automotive sector, transportation, food industry, education and healthcare, are also propelling market growth in a positive manner.
Acceptance of wipes is also hugely driven by their features such as hygiene, performance, convenience, cost, and disposability. According to the key evaluations, the global wipes market, which was valued at US$30,438.4 mn in 2015, will rise at a healthy CAGR of 4.1% from 2017 to 2025.
If the numbers hold true, the market could rise to a valuation of US$44,580.7 mn by 2025.
Through the regional analysis, the research has analyzed that North America and Europe were the top two spots in terms of revenue opportunity in previous years. Presently, the scenario has remarkably changed in the recent years and the market in the Asia Pacific held the top spot in terms of revenue contribution to the global market.
This report has further analyzed the market status, on the basis of its segmentation by type, material and other cleaning tools. On the basis of product type, the market has been segmented into disposable wipes and non-disposable wipes.
The segment of disposable wipes presently accounts for the dominant share in the market.
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The report also highlights the competitive landscape of the global wipes market, thereby positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. As per the estimations, the global wipes market features a high scale of concentration in developed markets such as North America and Europe.
Procter & Gamble, S. C. Johnson & Son, Clorox Company, Reckitt Benckiser Group plc, Kimberly-Clark Corporation, E.I. du Pont de Nemours and Company, Rockline Industries, Contec Inc, PT.
Asia Pacific Fortuna Sari, Nice-Pak, Robinson Healthcare Limited, Embuer among others are some of the major players operating within the wipes market. To gain a competitive edge, companies are focusing on innovation and development of more effective varieties of wipes for specific applications in emerging end-use industries.
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