The personal care wipes market was valued at US$ 10,843.67 million in 2018 and is expected to grow at a CAGR of 5.4% from 2019 to 2027 to reach US$ 16,914.56 million by 2027.
According to our latest market study on “COVID-19 Impact and Global Personal Care Wipes Market to 2027 – Analysis and Forecast by Product Type (Baby, Facial and Cosmetic, Hand and Body, Flushable, Others); Distribution Channel (Supermarket/Hypermarket, Specialty Store, Online, Commercial and Industrial, Others); and Geography,” The report high lights key factors driving the market growth, and prominent players and their developments in the market.
Rising demand for biodegradable personal care wipes is mainly attributed to the shift in consumer preference toward eco-friendly products and growing focus of governments on green procurement policies. Personal care wipes produced from biodegradable substances can be easily broken down anaerobically by bacteria or other living organisms over a period of time. This helps in reducing the accumulation of the waste in the environment. Therefore, biodegradable wipes are gaining high acceptance among the consumers in developed countries such as the US, Canada, Germany, France, Italy, and the UK.
Body Wipe Company, Diamond Wipes International, Edgewell Personal Care, Johnson and Johnson, Kimberly Clark Corporation, La Fresh, Nice-Pak Products, Inc., Procter & Gamble, Rockline Industries, and Unicharm International are among the well-established players present in the global personal care wipes market.
Moreover, environment-friendly personal products are becoming increasingly popular, further driving the demand for biodegradable wipes globally. Various R&D activities are undertaken by the key players to develop innovative products that have the least impact on the environment or are environment-friendly. Leading companies are focused on offering gentle personal care wipes biodegrade in 28 days and are made of 100% renewable plant fibers to ensure that no waste is generated that might pollute the environment. Therefore, the development of new and innovative biodegradable personal care wipes is projected to provide a huge growth opportunity for the key players operating in the market during the forecast period.
The COVID-19 outbreak has been affecting economies and industries in various countries such as US, China, Russia, India, Italy, Iran, Spain, and other economies. The global consumer goods industry is among the major industries that is suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global manufacturing hub and is the largest raw material supplier for various industries; it is also one of the worst affected countries by the COVID-19 pandemic.
The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing and sales of various chemical and materials. All these factors are anticipated to hinder the growth of the food and beverages industry, thus acting as a factor restraining the growth of various markets related to this industry in the coming months.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
The Insight Partners,