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Toilet Paper Market to Reach USD 38.34 Billion by 2027; Rising Awareness of Deforestation to Augment Growth, says Fortune Business Insights™

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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 MassesThe 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 & RestraintsRising Working-class Population to Spur DemandThe 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 requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.
SegmentHousehold Segment to Grow Rapidly Stoked by Rising Number of Nuclear FamiliesBased on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of this paper in homes as it is considered to be an essential daily use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid the growth of this segment.
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Regional AnalysisSurging Number of Hospitality Facilities to Favor Growth in EuropeGeographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of this paper because of the increasing number of hospitality facilities in the region.
Competitive LandscapeKey Players Focus on Investing in the Development of New Production FacilitiesThe market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide.
Below are the two latest industry developments:September 2020: Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchief, toilet, facial, and napkin tissue made out of virgin market pulp.April 2019: Naheola mill will be getting an investment of approximately USD 120 million for developing new roll storage and tissue machine building. This will help the company to enhance its bath tissue business.
Browse Detailed Summary of Research Report with TOC:https://www.fortunebusinessinsights.com/toilet-paper-market-104298
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsOverview of the Parent/Related MarketsIndustry SWOT AnalysisEmerging TrendsRecent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers & AcquisitionsImpact of COVID-19Global Toilet Paper Market Analysis, Insights and Forecast, 2016-2027Key Findings / SummaryMarket Size Estimates and Forecast By Type (Value)RolledFoldedBy Ply Count (Value)OneTwoOthersBy Application (Value)HouseholdHealthcareHospitalityOthersBy Region (Value)North AmericaEuropeAsia PacificSouth AmericaMiddle East & AfricaTOC Continued…!
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Have a Look at Related Research Insights:Tissue Paper Market Size, Share & Industry Analysis, By Product Type (Facial Tissue, Paper Towel, Wipes, Bath & Toilet Tissue, and Others), Application (Household and Commercial), and Regional Forecast, 2019-2026Bath Towel Market Size, Share & Industry Analysis, By Material Use (Bamboo Fiber, Cotton, Micro Fiber, Others), By Type(Synthetic, Natural) , By Sales Channel (Offline, Online Stores) and regional forecast 2020-2027Bath and Shower Products Market Size, Share & COVID-19 Impact Analysis, By Product Type (Bath Soaps, Body Wash/Shower Gel, Bath Additives), By Form (Solid, Gels & Jellies, Liquid), By End User By Distribution Channel, and Regional Forecast, 2020-2027
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs

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