Global Kitchen Towel Market to Reach US$18.8 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Kitchen Towel estimated at US$13.5 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027.Cloth-Based, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$11.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Paper-Based segment is readjusted to a revised 5% CAGR for the next 7-year period. This segment currently accounts for a 35.9% share of the global Kitchen Towel market.
The U.S. Accounts for Over 27.1% of Global Market Size in 2020, While China is Forecast to Grow at a 7.4% CAGR for the Period of 2020-2027
The Kitchen Towel market in the U.S. is estimated at US$3.7 Billion in the year 2020. The country currently accounts for a 27.11% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.8 Billion in the year 2027 trailing a CAGR of 7.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR while Rest of European market (as defined in the study) will reach US$3.8 Billion by the year 2027.We bring years of research experience to this 9th edition of our report. The 277-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
- Competitors identified in this market include, among others,
- Accrol Group Holdings plc
- Aldar Tissues Ltd.
- Kimberly-Clark Corporation
- Koch Industries, Inc.
- Renova Group
- Rodriquez Pty. Ltd.
- The Procter & Gamble Company
- Towel Depot Inc.
- Wausau Paper Corp.,
- WEPA Professional GmbH