July 07, 2022
According to the research report titled ‘Global Tissue Paper Market Size study, by Product Type (Facial Tissue, Paper Towel, Wipes, Bath & Toilet Tissue, Others) by Application (Household, Commercial) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global tissue paper market accounted for USD 74.79 billion in 2020 and is projected to reach USD 120.10 billion by the year 2028, witnessing a healthy CAGR of over 7% during the analysis timeframe.
The rising expenditure on hygiene and sanitation, technological breakthroughs, and the increasing demand for recyclable and environment-friendly sanitation products are some of the prominent factors driving the growth of global tissue paper market.
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For the uninitiated, tissue paper is a thin and a nearly translucent paper that is typically used for cleaning and hygiene purposes. The growing demand & adoption of tissue papers as well as strategic initiatives taken by the market players such as product launches, expansion, and mergers & acquisitions among others is likely to positively influence the overall market growth throughout the forecast timeline.
Based on the product landscape, the market is divided into bath & toilet tissue, wipes, paper towel, facial tissues, and others. Moving on to the application spectrum, the industry is bifurcated into the household and commercial segments.
The geographical analysis of this business space extends to North America, Asia-Pacific, Europe, as well as Latin America with key emphasis on the U.S., Canada, U.K., Germany, France, Italy, Spain, India, China, Japan, South Korea, Australia, Brazil, and Mexico, among others.
Asia Pacific is expected to capture the largest share in global tissue paper industry during the forecast period owing to rising per capita income, swift industrialization, improving living standards, and rapid globalization of emerging countries such as China, Japan, and India services.
Kruger Inc., Cascades Tissue Group, Kimberly-Clark Corporation, Sofidel Group, Hengan International Group Company Limited, CMPC Tissue S.A., The Procter & Gamble Company, Unicharm Corporation, WEPA Group, and Svenska Cellulosa AB are the prominent companies in global agricultural biotechnology industry landscape.