Albany NY, Feb. 02, 2018 (GLOBE NEWSWIRE) -- The global wipes market is foretold to demonstrate a healthy growth rate over the coming years. According to a recently published report by Transparency Market research (TMR), the vendor landscape is highly competitive. The market comprises of a large number of companies, and market vendors are anticipated to largely focus on innovating and developing their product portfolio to outpace their competition. They are expected to engage in geographical expansion to tap the potential offered by emerging economies in the world. Some of the prominent players of the global wipes market are Kimberly-Clark Corporation, S. C. Johnson & Son, Procter & Gamble, PT. Asia Pacific Fortuna Sari and E.I. du Pont de Nemours.
The global wipes market was estimated to be valued at US$30,438.4 mn in the year 2015. Over the duration of forecast, i.e. between 2017 to 2025, the market is foretold to exhibit a steady CAGR of 4.1%. At this rate, the market value is expected to reach US$44,580.7 by the end of the year 2025. Over the forecast period, the segment for household sector is expected to gain prominence in emerging economies. The Asia Pacific region is expected to display a market worth of over US$ 9314.1 mn post 2015.
Request for Sample PDF brochure at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36323
Emerging Economies to Emerge Leading Segment due to Increased Industrialization
On the basis of the type of product, the market for wipes is segmented into disposable and non-disposable wipes. Disposable wipes are anticipate to account for dominant market share as opposed to non-disposable ones, due to their rising popularity. Based on application, the household purpose sector is slate to emerge as the leading market segment. In recent years, the rising awareness regarding hygiene and sanitation is the factor providing an impetus to the growth of this market segment. However, the market may face some restraint due to concerns over maintaining and protecting the environment from the non-biodegradable material used in wipes. Thus, there has been an increase in the demand of bio-based products in the disposable wipes segment.
Geographically, the Asia Pacific market held a lion’s share of the market revenue with an estimated value of US$ 9314.1 in the year 2015. The region is said to have cumulatively held over fifty percent of the market revenue despite being a small population. The rise in urbanization, and growing industrialization have resulted in a surge in the disposable incomes of people, leading to higher market demand for wipes.
Request for Custom Research at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=36323
Demand for Hygiene in Health Care Segment to Provide Rich Market Opportunity
Wipes find prominent demand on account of the convenience they offer across a large number of applications. In household cleaning, for instance, the use of wipes is an easier and a much faster and option than using a liquid along with the use of products like mops. This efficiently reduces the time required and manual labor required to complete the job. The increasing adoption of wipes in industrial as well as consumer applications, combined with modernization and enlarged customer awareness are all predicted to provide bountiful opportunity to the growth of the global market for wipes.
Rising concerns regarding cross-contamination stemming from hospital acquired infections (HAIs) and harmful food bacteria such as E. coli were responsible for propelling the sales of disinfecting wipes food services and healthcare industries in the past couple of years. The surge in demand for disinfection and cleaning in health facilities, household applications, commercial spaces and manufacturing plants to save time and reduce the requirement of water are prominent among the key factors expected to drive the global wipes market in the forthcoming years. Going forward, sales of disinfecting wipes will continue to see favorable gains in both the health care and foodservice markets, benefiting in part from denial of Medicare payouts for hospital readmissions, a number of which come from HAIs.
Buy now this Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=36323<ype=S
This review is based TMR’s report titled, “Wipes Market (Type - Disposable wipes and Non Disposable wipes; Material - Woven and Non-Woven; Other Cleaning Tools - Sourcing Pads, Scrubbers and Sponges, Brooms and Mops, Cleaning Brushes; Application - Household Sector, Industrial Sector (Manufacturing Sector Automotive Sector, Transportation, Food Industry, Education Sector, and Health Care)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact Us
Mr. Atil Chaudhari
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.techyounme.com/