Hand towel is a small towel for drying one's hands. It's sizes are usually in the range of 15 x 25 to 18 x 30 inches, are 38 x 63 to 45 x 76 centimeters. It is made up of cotton, polyester, wool, and other material. Hand towels can be used not only for drying hands, but also for drying and polishing dishes, so always have an assortment on hand.
MARKET SCOPE
The "Global Hand Towel Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hand towel market with detailed market segmentation by material, end-use, and geography. The report provides key statistics on the market status of the leading hand towel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on material, the global hand towel market is segmented into cotton, polyester, wool, and others.
- Based on end-use, the global hand towel market is segmented into residential and commercial.
MARKET DYNAMICS
Drivers:
- Increasing awareness about hygiene in countries across the world.
- Increase in disposable income in emerging economies such as India and China.
- Changing lifestyle.
- Rising R&D activities drive the hand towel market.
Restraints:
- Use of paper towels, bathroom tissue, paper napkins.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hand towel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hand towel market in these regions.
IMPACT OF COVID-19 ON HAND TOWEL MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the hand towel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hand towel market are anticipated to lucrative growth opportunities in the future with the rising demand for hand towel in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hand towel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Kimberly-Clark
- Procter and Gamble
- CMPC Tissue
- Hengan
- KP Tissue
- Asaleo Care
- Sofidel
- Georgia-Pacific
- WEPA
- Metsa Tissue