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DUBLIN--(BUSINESS WIRE)--Nov 25, 2022--
The "Global Personal Care Wipes Market Overview 2022-2027" report has been added to ResearchAndMarkets.com's offering.
According to the recent study Global Personal Care Wipes Market Overview, 2022-27, the market stood around USD 13 Billion in 2021 which is projected to reach near USD 19 Billion during the forecast period.
Further, the market is anticipated to grow with more than 5.5% CAGR for 2022-2027. Wipes allow performing daily tasks in substantially less time for most of the people who are quite held up in their day-to-day activities due to extreme job pressures and increased children activities.
The rising awareness among consumers to use personal care products, especially to avoid skin problems and infectious diseases is driving the market growth globally.
Globally the North American region leads the market for personal care wipes while the Asia Pacific remains the region with high potential. The significant growth in the number of potential buyers in developing economies like China and India is expected to drive the market in the region.
Even though the factors such as increasing infant population & hygiene consciousness have been in favor of the market growth, the skin problems caused due to chemical contents in wipes are expected to restrain the growth. Nonetheless, the use of intimate wipes to avoid genital skin diseases is on an increase among consumers as a result the intimate wipes segment is presenting major opportunities for market expansion. The regions of Latin America and Middle East & Africa considered together, is likely to cross a market share of 10% by the end of the forecasted period.
The growing awareness of baby care products is influencing the sales of baby wipes in the majority of the region. Baby wipes have been in the market for the longest time due to their widespread usage. They are considered to be a convenient, portable, and hygienic way to keep babies clean. Moreover, increasing spending capacity along with high internet penetration is changing the way consumers are buying personal care products. Additionally, growing manufacturing activity towards bringing in modernization in healthcare practices, especially in developing countries, is expected to witness significant growth in the personal care wipes market during the forecast period.
The introduction of innovative products such as flavored wipes for cleaning children's faces will continue to provide growth opportunities. Products categorized in the segment of personal hygiene, pre-moistened facial cleansing, disinfecting wipes, and wet wipes are expected to witness rapid gains. Facial and hand & body wipes are the other two segments that are gaining much popularity with the increase in treks and travels. They consist of various kinds of wipes including wet, hygienic, intimate, and fragrance. Wet wipes are the perfect solution in many life situations. They can be used as a cleaning tool very often during water scarcity or unavailability, which is a serious problem in many countries. This is one of the reasons for the growth of this segment.
In the recent period, wipes have become a must-buy in the grocery cart. The consumption pattern has increased twofold because of their multiple applications. People find pharmacy & drug stores as the best channel to buy them. However, supermarket & hypermarket segments have started gaining much purchase as a part of their monthly visits.
Though e-commerce has gained popularity to a large extent in the retail business, it accounts for a small percentage of the total retail sales across the world. Countries such as UK, India, China, Germany, among others have witnessed rapid growth in the online buying of these products. The e-commerce segment is likely to emerge as the fastest-growing segment over the forecast period due to the above-given factors.
Major Companies present in the market
Diamond Wipes International, Inc., Edgewell Personal Care Company, Hengan International Group Company Limited, Johnson & Johnson, Kimberly-Clark Corporation, La Fresh Group, Inc, Meridian Industries, Inc, Nice-Pak Products, Inc, PDI International, Rockline Industries, Inc., The Honest Company, The Procter & Gamble Company, Unicharm Corporation
Considered In the Report
Key Topics Covered:
1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definitions
4. Economic /Demographic Snapshot
5. Global Personal Care Wipes Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Product Type
5.2.5. By Sales Channel
6. North America Personal Care Wipes Market Outlook
7. Europe Personal Care Wipes Market Outlook
8. Asia-Pacific Personal Care Wipes Market Outlook
9. South America Personal Care Wipes Market Outlook
10. Middle East & Africa Personal Care Wipes Market Outlook
11. Manufacturing & Preservation of Personal Care Wipes
12. Market Dynamics
13. Market Trends & Development
14. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/dmw3fe
View source version on businesswire.com:https://www.businesswire.com/news/home/20221125005115/en/
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/25/2022 04:41 AM/DISC: 11/25/2022 04:41 AM
http://www.businesswire.com/news/home/20221125005115/en