According to a new report, published by KBV research, The Global Household Paper Market size is expected to reach $54.8 billion by 2028, rising at a market growth of 3.9% CAGR during the forecast period.
The Kitchen Rolls segment acquired maximum revenue share in the Global Household Paper Market by Type in 2021, thereby, achieving a market value of $28.1 billion by 2028. Kitchen rolls have a loose weave that allows them to absorb water quickly. It compared to a cotton towel or cloth/roll, kitchen rolls are more reusable, hygienic, and degradable without producing any environmental issues. In industrialized nations, per capita consumption of kitchen towels is higher than in developing regions. All of such reasons are projected to drive the segment's growth throughout the forecast period.
The Online market is showcasing a CAGR of 2.9% during (2022 - 2028). This is owing to its growing popularity of using tissues among millennial. Smartphone penetration is increasing, and high-speed internet is becoming more widely available in developing countries. The online distribution channel sector is expected to develop due to an increase in sales of household paper goods, primarily via e-commerce companies such as Walmart, Amazon, and corporate websites.
The Asia Pacific market dominated the Global Household Paper Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $20.2 billion by 2028. The North America market is estimated to witness a CAGR of 3.2% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 3.7% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/household-paper-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of The Procter and Gamble Company, Kimberly-Clark Corporation, Essity AB, Seventh Generation, Inc., Georgia-Pacific LLC, Unicharm Corporation, Hengan International Group Company, Asia Pulp and Paper Group Sinar Mas, Solaris Paper, Inc., and Costco Wholesale Corporation.
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