Global Intimate Wipes Market Estimated for Steady Growth at a CAGR of 4.6% till 2022

Posted on 2018-06-05 by Mark Hub in Retail // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-Jun-05 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of intimate wipes market. The study is titled as “Intimate Wipes Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global intimate wipes market.

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The fast paced life of modern consumers compel them to look for products that offer more convenience and help save ample amount of time. This, in turn, is reflecting favorably on the future prospects of the global market for intimate wipes. Fact.MR’s latest report reveals that the global intimate wipes market will surpass a valuation of US$ 262 Mn towards the end of 2022, riding at a moderate CAGR between 2017 and 2022. Increasing popularity of intimate wipes is prompting manufacturers to introduce new and different variants of the product. In order to lure more customers, companies are launching unscented as well as scented varieties of intimate wipes. The aforementioned factors are projected to fuel the growth of the global market for intimate wipes during the forecast period. On the other hand, occurrence of skin rashes and risk of side-effects owing excessive use of intimate wipes remains a major concern for manufactures and is negatively impacting the overall market. As demand for natural constituents based products continue to surge, manufacturers are likely shift from synthetic to natural raw material for making intimate wipes.

Global Market for Intimate Wipes: Key Projections

1. In terms of revenue, Europe is expected to remain the most attractive market for intimate wipes throughout the forecast period. Demand for intimate wipes in many of the European countries is anticipated to grow even further in the coming years. The region’s market is expected to increase at a steady growth rate between 2017 and 2022. Meanwhile, factors such as increasing standard of living and rising disposable income is expected to support the growth of the market in Asia-Pacific excluding Japan (APEJ). The market in the region is projected to exhibit the highest CAGR over the assessment period.

2. Wet intimate wipes will remain highly sought-after in 2017 and beyond. Revenues from sales of wet intimate wipes currently commands for around 68% market share globally. More than US$ 170 Mn worth wet intimate wipes are estimated to be sold worldwide by the end of 2022.

3. On the basis of material type, sales of intimate wipes made of cotton terry will be relatively higher as compared to other variants. Currently, the cotton terry material type segment accounts for more than one-third share of the market in terms of revenue.

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Europe Will Remain at the Forefront of Global Intimate Wipes Market

In terms of revenue, Europe currently leads the global intimate wipes market, and the trend is projected to continue over 2022. In addition, the market in Europe is projected to exhibit a steady CAGR over the forecast period. Sales of intimate wipes is relatively high in various European countries.

Based on product type, the wet wipes segment currently accounts for around 68% share of the market in terms of revenue. Towards the end of the assessment period, the segment is expected to reach a valuation is excess of US$ 170 Mn, reflecting a steady CAGR. Between 2017 and 2022, the wet wipes segment is expected to create an absolute $ opportunity of US$ 32.8 Mn.

Competition Tracking

The report also profiles key companies that are anticipated to remain active in the expansion of global intimate wipes market through 2022, which include Procter & Gamble, Kimberly Clark Corporation, Premier Care Industries, Nice-Pak International Limited, Rockline Industries, Prestige Brands, Inc., Glenmark Pharmaceuticals Ltd., Hengan International Group Company Limited, Bodywise (UK) Ltd., and The Boots Company PLC.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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