The Future of Global Nonwoven Wipes to 2029
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Update time : 2024-04-07 10:55:25
Wipes continue to be one of the most dynamic segments of the nonwoven industries. Demand for wipes and the markets, production footprint were both boosted by Covid, and a range of new premium formats was launched in 2023 and 2024. Countering this is the long-term concern over their environmental impact, which is stimulating investment into more sustainable material sets.
Data from the Smithers report shows:
In 2024, the consumer wipes market is valued at $18.8 billion while the industrial wipes market is valued at $4.3 billion.
By 2029, the consumer wipes market will grow to $24.7 billion, while industrial wipes will account for another $6.2 billion.
Total wipes volume growth in tonnes is projected to average a steady 6.2% annual growth rate for 2019-2029.
Nonwoven wipes can be broken down into two major types: consumer and industrial. The global wipes market has proven to be very resilient, mainly due to its diversity and strong, disruption-resistant base. Economic issues do affect this market, but usually more of a short-term disruption than a permanent one.
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