Tissue Paper Market Growth Drivers, Size, Industry Revenue, Business Forecast
The global Tissue Paper Market trends and size is projected to reach USD 102.57 Billion by 2026, while exhibiting a CAGR of 5.9% between 2019 and 2026. This is ascribable to factors such as impetus on product innovation and increasing demand for product from healthcare sector. Fortune Business Insights publish this information in its latest report, titled “Tissue Paper Market Size, Share & Industry Analysis, By Product Type (Facial Tissue, Paper Towel, Wipes, Bath & Toilet Tissue, and Others), Application (Household and Commercial), and Regional Forecast, 2019-2026.” The report further observes that the market was worth USD 65.66 Billion in 2019.
The global Tissue Paper Market report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.
Drivers and Restraints:
Product Innovation to Aid Growth
Several companies operating in the market are coming up with innovative products to cater to the increasing demand of the consumers. They are completely focused on offering unique designs and better product to gain major chunk of the market share. In addition to this, improvement in softness and absorption capacity of the sanitary napkins to limit skin irritation problems is looked after that is expected to drive the market growth in the forthcoming years. For instance, in April 2019, Bunzl R3 unveiled its latest brand, Right Choice. According to the company, the brand will involve novel line of towel, napkins, and tissue products that are priced at a competitive price to consolidate its position in the global market place. Furthermore, it includes several types of bath and facial tissue along with single-fold, multi-fold, and kitchen roll towels bringing value-added products at the disposal of the consumers.
CMPC’s Acquisition Strategy to Bolster Demand
In August 2019, CMPC announced its plan to acquire SEPAC, a company involving brands such Duetto and Paloma. The acquisition is expected to consolidate CMPC’s position in Brazil by helping expand its overall production capacity to gain a major chunk of the potential tissue business in the marketplace.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/tissue-paper-market-102847
List of the Companies Operating in the Market Place:
- Svenska Cellulosa AB (Sweden)
- WEPA Group (Germany)
- Unicharm Corporation (Japan)
- The Procter & Gamble Company (U.S.)
- CMPC Tissue SA (Chile)
- Hengan Group (China)
- Sofidel Group (Italy)
- Kimberly-Clark (KCWW) (U.S.)
- Cascades Tissue Group (Canada)
- Kruger Inc. (Canada)
- Asian Pulp & Paper (China)
- Essity AB (Sweden)
- Georgia-Pacific LLC (Canada)
- Von Drehle Corporation (U.S.)
- First Quality Tissue LLC (U.S.)
High Production of Products in Asia-Pacific to Promote Growth
Among the regions, Asia-pacific is anticipated to remain at the forefront and register highest global Tissue Paper Markett revenue during the projected horizon. This is ascribable to factors such as high production capacity of the tissue paper products in countries such as China and India. Furthermore, large population base and high disposable income will contribute to the growth of the market in the region. Moreover, Asia-Pacific was worth USD 22.59 billion in 2019 and is likely to expand in the forthcoming years.
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