The Asia Pacific Wet Wipes Market would witness market growth of 3.7% CAGR during the forecast period (2021-2027).
Wet wipes are popular as it offers a lot more convenience to the customer in comparison to washing their face, hands, or other surfaces with water. Wet wipes allow the customer to easily just wipe off the dirt, bacteria, and pollution from their face and other body parts while also enabling them to clean surfaces at their homes and offices in just a wipe.
The emergence of baby wipes has increased the product offerings in the wet wipes market. Manufacturers are encouraged to design goods that meet the needs of customers as millennial parents are becoming more aware of organic, ecological, and natural wipes. Moreover, some companies see consumer preferences as an opportunity and have begun manufacturing new biodegradable, environmentally friendly, and sustainable products encouraged by government laws.
APAC is a region with various developing countries like China and India where the rate of modernization is rapidly increasing. With the ongoing developments, the number of people are undergoing a massive change in terms of their preferences and habits. The spending power of people across China is rising which is encouraging more people to spend more on hygiene and personal care products including wet wipes.
The China market dominated the Asia Pacific Wet Wipes Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.3 billion by 2027. The Japan market is poised to grow a CAGR of 3.2% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 4.4% during (2021 - 2027).
Based on Product, the market is segmented into Baby Wipes, Flushable Wipes, Facial & Cosmetic Wipes, Hand & Body Wipes, and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Pharmacy, E-commerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Wet Wipes Market is Projected to reach USD 31 Billion by 2027, at a CAGR of 3.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nice-Pak Products, Inc., Kimberly-Clark Corporation, WipesPlus, PDI Healthcare, Inc., Essity Aktiebolag (publ), Reckitt Benckiser Group PLC, The Clorox Company, The Procter and Gamble Company, and The Honest Company, Inc.
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