LONDON, Jun 29, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s Research Report On Wipes Market, Major Opportunities In Segmented Wipes Market by type will arise in the disposable wipes segment, who will win $ 2,108.7 million annual worldwide sales by 2025. The best opportunities in the segment by product will arise in the baby segment, who will win $ 1,104.9 million global annual sales by 2025, by application will arise in the household sector segment, who will win $ 2,629.5 million in global annual sales by 2025. The market size for wipes will grow the most China To $ 657.3 million.
A wipe is a damp or dry disposable cloth used to clean surfaces. It can be paper, fabric or non-woven. Wipes are often used as an antiseptic cloth, mainly for cleaning the skin; they are also used to remove dirt or liquid from surfaces and can be subjected to light rubbing or rubbing. Wipes are used to absorb, hold or release dust or liquid as needed.
One of the main advantages of wipes is convenience – using a wipe is faster and easier than dispensing a liquid and then cleaning or removing the liquid with another cloth or paper towel. Raw materials for wiping fabrics include wood pulp, polyester and viscose, among others.
Impact of COVID-19
The immediate effects of the COVID-19 pandemic have manifested in the form of increased demand for personal protection and hygiene items. Demand for hygiene-related items like face masks, hand sanitizers, rubber gloves, thermometers with protective goggles, and household and sanitizing wipes has increased in the early days of the pandemic. . Consumers panicked and started loading supplies like household cleaners and disinfectants, including wipes. Household wipes were in high demand, with enhanced disinfection practices. Disinfectant wipes had been supplied in record numbers, and the demand for antibacterial wipes and medical wipes had also increased at extraordinary rates. Companies began to increase production to meet demand, while retailers sought to normalize the supply situation by limiting purchases per customer.
Market size And Growth
The global wipes market is expected to grow by $ 39.6 billion in 2020 To $ 41.69 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The wet wipes and wipes market is expected to reach $ 48.17 billion in 2025 at a CAGR of 4%.
The Business Research Company’s report titled Wipes Global Market Report 2021: COVID-19 Growth and Change To 2030 covers major wipes companies, wipes market share by company, wipes manufacturers, wipes market size and market forecasts for wipes. The report also covers the global wipes market and its segments.
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Asia Pacific is the larger region in the wipes market, representing 34.1% of the total in 2020. It was followed by North America, then the other regions. In the future, the fastest growing regions in the wipes market will be South America and the Middle East where growth will be at annual growth rates composed of 6.4% and 5.7% respectively. These will be followed by Africa and Eastern Europe, where markets are expected to grow at CAGRs of 4.4% and 4.1% respectively.
Wipes Market Trends And Strategies
The market trend-based strategies for the wipes market are to focus on the use of environmentally friendly raw materials to develop biodegradable wipes, invest in the development of reusable wipes to promote sustainability and reduce waste, invest in the development of multi-surface wipes for surfaces, develop disinfectant wipes to benefit from increased public awareness of the importance of adequate surface disinfection, develop baby wipes without toxins for delicate skin of newborns, invest in the development of pocket-sized antibacterial wipes which are practical and can be carried outdoors to reduce infections and focus on mergers and acquisitions to meet the needs of various industries and expand the market .
Wipes Global Market Report 2021: COVID-19 Growth and Change To 2030 is part of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the entire market, segments and geographies, trends, drivers, restraints, revenues, profiles and market shares of major competitors in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
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