The folded tissues market is expected to reach a valuation of US$ 45.1 Bn through the end of the projection period 2020 – 2030. The coronavirus outbreak has resulted in several thousand deaths around the world. While vaccine and antibiotic research for the disease continues apace, the global population remains fairly vulnerable. Consequently, hygiene and personal care products are gaining traction during the crisis period.
Folded tissues can help in preventing the spread of infectious diseases in a sustainable and low-cost manner. In addition, folded tissues are easily accessible to the public, bolstering the scope of growth in the folded tissues market. On the other hand, panic buying behavior could create shortages in the industry.
“Easy availability of materials, low production costs, biodegradability, and easy consumer access are key factors that are propelling the folded tissue market. In addition, folded tissues are considered to have superior hygiene features in comparison to cotton towels or other alternatives. Growth of recycling facilities will also aid in adoption in the near future, post the pandemic,” says the Fact.MR analyst.
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Folded Tissues Market – Important Takeaways
Folded Tissues Market – Driving Factors
Folded Tissues Market – Leading Constraints
Anticipated Market Impact from Coronavirus Outbreak
With the widespread impact of the Covid-19 pandemic, manufacturers are seeking affordable and sustainable alternatives to petroleum-based plastics in hygiene products. This trend is expected provide major growth opportunities in the folded tissues market. High rate of sales has created a gap between demand and supply.
Consequently, market players are investing in the expansion of their production facilities, in addition to focusing on strategic pricing and promotion efforts to maximize sales during and after the duration of the pandemic.
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Leading producers in the global folded tissues market are Procter & Gamble Co., Kimberly Clarke Corp., Metsa Group, Georgia Pacific LLC, Asia Pulp & Paper Group, Cascades USA Inc., and Fujian BBC Inc.
Leading manufacturers are pushing for better quality, cost optimization, clean label materials, and product innovations. For instance, Kimberly Clarke has released its range of folded bath tissues characterized by anti-microbial properties. In addition, the company is also pushing for lower paper consumption in the products for cost optimization.
More on the Report
The FACT.MR’s market research report provides in-depth insights on folded tissues market. The market is scrutinized according to fold (V-fold, M-fold, Z-fold, and C-fold), pricing range (economic, premium, and ultra-premium) application (facial tissue, wet tissues, wrapping tissue, toilet paper, pocket tissue, paper towel, and others), end use (at home and away from home) and distribution channel (direct sales, hypermarket/supermarket, grocery stores, wholesalers/distributors, discount dollar stores, online sales, and others) across seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa).
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