Pune, India, Nov. 27, 2020 (GLOBE NEWSWIRE) — The global toilet paper market is set to gain momentum from the rising awareness of deforestation while producing paper pulp. This information is given by Fortune Business Insights™ in a new report, titled, “Toilet Paper Market Size, Share & COVID-19 Impact Analysis, By Type (Rolled and Folded), Ply Count (One, Two, and Others), Application (Household, Healthcare, Hospitality, and Others), and Regional Forecast, 2020-2027.” The report further states that the market size was USD 26.14 billion in 2019 and is projected to reach USD 38.34 billion by 2027, exhibiting a CAGR of 4.9% during the forecast period.
COVID-19 Pandemic to Accelerate Growth Fueled by Panic Buying among Masses
The outbreak of the COVID-19 pandemic created panic buying practices among the masses in the first few months of 2020. Hence, the demand for tissue paper and toilet paper surged exponentially during that time. Governments of various countries implemented lockdown and social distancing measures to curb the spread of coronavirus. Kimberly-Clark, for instance, mentioned that its 2020 first-quarter sales reached USD 1.7 billion. As compared to 2019, it increased by 13% this year.
How Did We Create This Report?
Various insights present in the report were derived from extensive primary and secondary research. Our expert advisors and analysts used quantitative and industry-wide market projection methodologies and customer insights tools to make authentic data available to the clients. The report also provides an uncluttered evaluation of projections and estimations on the market dynamics.
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List of the Leading Companies Profiled in the Global Toilet Paper Market are:
- Procter & Gamble Co. (Cincinnati, U.S.)
- Kimberly-Clark (Dallas, U.S.)
- Essity AB (Stockholm, Sweden)
- Georgia-Pacific LLC (Atlanta, U.S.)
- Hengan Group (Jinjiang, China)
- Sofidel Group (Porcari, Italy)
- Kruger Inc. (Montreal, Canada)
- Empresas CMPC S.A (Santiago, Chile)
- WEPA Hygieneprodukte GmbH (Arnsberg, Germany)
- Unilever (London, U.K.)
Drivers & Restraints
Rising Working-class Population to Spur Demand
The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene …
Full story available on Benzinga.com