The rising expenditure on the healthcare products to boost the growth of the tissue products market

 

Market Overview:

The tissue products are the toilet tissues, facial tissues and many more. Tissue products are very soft, pliable and thin they are capable of absorbing the dirt and water. They are mostly disposable products made for a one-time usage. Facial tissues are carried by people to clean their face and the paper towel tissues are mostly found in kitchen to clean the mess and the toilet tissues are found in long strips that are narrow and are mainly seen in the bathrooms.

Competitive Landscape:

Major market players involved in the tissue products market are Georgia-Pacific LLC, CMPC Tissue S.A., Essity AB, Kimberly-Clark Corporation, Asia Pulp and Paper Group, Metsä Group, WEPA Hygieneprodukte GmbH, Procter & Gamble Co., Sofidel Group, and Cascades Inc.

Key Market Drivers:

The rising expenditure on the healthcare products are anticipated to augment the growth of the global tissue products market. For instance, the CMMS states that the NHE data records that the healthcare expenditure per capita has risen by 9.3% in between 2019 and 2020.

Furthermore, the rising number of hotels and restaurants and the usage of the tissue products is anticipated to fuel the growth of the global tissue products market. For instance, The NRA, publishes that the restaurant sales in US, have touched US $ 899 Billion and expanded by 4% in the year 2019.

Covid-19 Impact Analysis

The Covid-19 outbreak has led to the positive impact on growth of the global tissue products market due to the rising awareness and hygiene amidst people and expanded usage of the tissue papers and also the huge purchase of the papers and storing it to avoid the inaccessibility of it during the shutdown or lockdown times.

Key Takeaways:

The tissue products market is expected to exhibit a CAGR of 3.2 % during the forecast period due to announcement of the hygienic products and sanitation and the approvals and innovations of the products and the spread of awareness amongst people regarding the hygiene. For instance, In April 2020, the World Bank Group approved the Mauritania Water and Sanitation Sectoral Project.

Among regions Asia Pacific, North America and Europe are anticipated to witness robust growth in the global tissue products market due to rising restaurants and the food being served there, large utilization of the toilet paper, rising infrastructural facilities and the ambience and hospitality across the regions. For instance, as per the NRDC Organization the consumption of toilet rolls is valued to be around US$ 11.2 Billion annually in the United States.