USD 44.86 Billion
Report ID:
SQMIG15Q2009 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
61
|Figures:
77
Global Household Paper Market size was valued at USD 44.86 Billion in 2022 and is poised to grow from USD 46.56 Billion in 2023 to USD 62.75 Billion by 2031, at a CAGR of 3.8% during the forecast period (2024-2031).
Increasing awareness of hygiene and sanitation among the people, health consciousness of consumers towards infectious diseases and allergies have been the major factors driving the growth of the industry. The market has witnessed significant growth in the last few years due to increased concerns about cleanliness and hygiene. In addition, increased advertising among health-conscious consumers creates opportunities during the forecast period. Furthermore, increased focus on waste disposal, proper food storage, hygiene and sanitation are some of the key factors driving the growth of household paper products the COVID-19 pandemic has positively affected the market due to due to the spread of coronavirus. The demand for household paper has suddenly gained momentum due to increased awareness of personal hygiene and sanitation and widespread use by people who consider it safe to use during an epidemic. Furthermore, increasing awareness about personal hygiene and hygiene due to the spread of COVID-19 virus is also expected to fuel the growth of this market in the coming years.
The growing trend of consumers towards eco-friendly and biodegradable household papers is fueling the market expansion during the forecast period. Increasing disposable income of the middle class and rapid urbanization has led to tremendous growth in the infrastructure leading to an increase in the demand for household paper products in the coming years. The growth of the household paper market will be stimulated significantly in the years as in the coming season. Increased investment by market players to produce new, environmentally friendly household papers is expected to further increase the sales of the industry. However, increasing global temperature due to intensive felling of trees for paper products and stringent regulations imposed by governments on global warming may restrain the growth of the market.
US Household Paper Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 44.86 Billion
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
3.8% CAGR
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Global Household Paper Market is segmented on the basis of Type, Distribution Channel, and region. By Type, the market is segmented into Paper Towels, Kitchen Rolls, Table Napkins, Others. By Distribution Channels, market is segmented into Offline and Online. By region, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Household Paper Market Analysis by Type
Due to rising demand, the kitchen rolls type segment dominated the global market. Because kitchen rolls are loosely woven, they effectively absorb water. Kitchen rolls are also more hygienic and fully reusable and biodegradable than cotton or cloth towels or rolls, with no negative effects on the environment. In contrast to emerging nations, the usage of kitchen towels is higher per capita in developed regions like North America and Europe.
Over the projected period, the table napkins sector is anticipated to grow at a faster rate. The main driver fuelling the segment expansion is consumers' growing propensity for cleanliness and hygienic settings, including their tables and surroundings' surroundings.
Household Paper Market Analysis by Distribution Channels
80% of the total market revenue in 2021 came from the offline distribution channel segment. Specialty shops, supermarkets, independent retail stores, and others are included in the offline section. The demand for household paper products is expected to increase in the coming years as the organized retail sector expands in developing nations like Malaysia, China, and India.
The online segment is expected to grow at the fastest rate. Millennials' increasing usage of online channel is expected to drive segment growth. High-speed internet access in developing nations is becoming more widespread, and the growth is aided by these developments. The expansion of the online distribution channel sector is anticipated to be aided by the spike in sales of domestic paper products, which are mostly made available through websites and e-commerce sites like Walmart, Amazon, and others.
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Asia Pacific dominated the global market. This might be linked to increase in household paper product production and consumption due to urbanization and population growth in the region. The rise of this sector is also being fueled by an expanding working population and rising middle-class consumer disposable income.
North America is expected to grow at the significant CAGR. This is a result of the rising demand for domestic paper goods and increasing household biodegradable and eco-friendly product sales. Another important element driving the expansion of this market is the higher per capita use of household paper goods in this region than in other regions.
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Household Paper Market Drivers
Growing Population and Urbanization
Changing Consumer Preferences and Lifestyles
Household Paper Market Restraints
Environmental Concerns
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To address growing demand, key players are concentrating on R&D and launching innovative recyclable and biodegradable household paper products. Also, major businesses are making investments and working with small manufacturers to expand the market and enhance production capacity.
Top Player’s Company Profiles
Household Paper Market Recent Developments
Sustainable and Eco-friendly Products
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global household paper market analysis, the market is driven by various factors, including changing consumer preferences, increasing awareness about sustainability and hygiene, technological advancements, and expanding consumer markets in emerging economies. Consumers are increasingly concerned about the environmental impact of household paper products and are opting for products made from recycled materials, bamboo, and other sustainable sources. Manufacturers are investing in research and development to develop innovative and sustainable products and improve their production processes to reduce the environmental footprint. E-commerce and online sales are also playing a significant role in the household paper market. In conclusion, the global household paper market is witnessing growth and innovation driven by changing consumer preferences, sustainability concerns, technological advancements, and expanding consumer markets.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 44.86 Billion |
Market size value in 2031 | USD 62.75 Billion |
Growth Rate | 3.8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Household Paper Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Household Paper Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Household Paper Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Household Paper Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15Q2009
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