Increasing hygiene awareness among consumers is driving growth of the global tissue towel market. Tissue paper offers advantages such as prevention of bacterial infection when used for hand drying, which reduces the risk of communicable diseases such as cold and flu, which in turn is driving demand for the tissue paper market. According to the Centers for Disease Control and Prevention (CDC), in 2015, the number of deaths caused by influenza were 5,251 in the U.S.
The global tissue paper market was pegged at 36.70 million tons in 2017 and is expected to exhibit a CAGR of 3.6% in terms of volume over the forecast period (2019 – 2027), and expected to reach 50.51 Million tons by 2027.
Get PDF Brochure of Research Report: https://www.coherentmarketinsights.com/insight/request-pdf/2623
North America held the largest market share in the global tissue paper market in 2017. This is attributed to growing health awareness and increasing healthcare spending, which is propelling the growth of tissue paper market in this region. According to the Centers for Medicare & Medicaid Services (CMS), U.S. healthcare spending increased 4.3%to reach US$ 3.3 trillion or US$ 10,348 per person in 2016.
Asia Pacific is the fastest growing region in the global tissue paper market owing to increasing demand from countries such as China and India. According to the Indian Paper Manufacturers Association (IPMA), manufacturing of tissue products in India was 16.63% for the period 2015 - 2016. Furthermore, increasing manufacturing capacity of tissue products by market players is fueling growth of the market in this region. For instance, Hengan Group expanded tissue production capacity in China by 50 thousand tons per year in January 2018.
The growing e-commerce platform due to an increasing demand for high speed internet services is one of the key factors fuelling growth of the global tissue paper market. According to India Brand Equity Foundation (IBEF), India alone witnessed over 500 million internet users in the last quarter of 2015, and the market for e-commerce in India was estimated to be valued at US$ 13 billion in 2015, and is projected to reach US$ 188 billion by 2025.
Major players operating in the global tissue paper market include Kimberly-Clark Corporation, Essity AB, Georgia-Pacific LLC, Asia Pulp and Paper Group, Procter & Gamble Co., Sofidel Group, CMPC Tissue S.A., WEPA Hygieneprodukte GmbH, Metsä Group, Cascades Inc.
Get More Information: https://www.coherentmarketinsights.com/market-insight/tissue-paper-market-2623
Manufacturers operating in the tissue products market are focused on new product development in order to expand their product portfolio and retain market position. For instance, Christian Senning Verpackungsmaschinen GmbH & Co. KG (a Germany-based company involved in offering innovative solutions for wrapping of paper and tissue products) started up their new handkerchief line S.PM 805 + 662 TG at Novatis Group tissue paper plant in Morocco in 2015-2016.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
No comments:
Post a Comment