Global Kitchen Towel Market to Reach $18.8 Billion by 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 record 4.7% CAGR and 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.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 7.4% CAGR
The Kitchen Towel market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 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.
Select Competitors (Total 46 Featured):
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 record 4.7% CAGR and 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.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 7.4% CAGR
The Kitchen Towel market in the U.S. is estimated at US$3.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 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.
Select Competitors (Total 46 Featured):
- 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
Note: Product cover images may vary from those shown
I. METHODOLOGY
II. EXECUTIVE SUMMARY
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
IV. COMPETITION
- Total Companies Profiled: 46
Note: Product cover images may vary from those shown
