Towel Market Growth Trends & Forecast till 2026

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Presents a Research Report on Towel Market
The Towel Market report is segmented By
Type (Bath Towels, Hand Towels, Disposable
Towels, Kitchen Towels, Others), By
End-Use (Residential, Commercial), By
Distribution Channel (Online, Offline),
and Region.


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Towel Market Highlights Drivers

• The Towel Market is estimated to grow from USD xx
  million in 2020 to USD xx million by 2026 at a
  healthy CAGR of 6.5 during the forecast period.

• Market Dynamics
• Significant expansion of the hospitality sector
  is the key driver of the towels market.
• Towels are now available in various types of
  fabric such as Turkish cotton, microfiber, and
  Egyptian cotton as well as soft paper, thus
  offering numerous options to the consumers,
  further augmenting the product demand.
• Changing lifestyle, rapidly changing fashion
  trends in home textile, growing brand
  consciousness, and increasing awareness about
  hygiene further boost product consumption.

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Market Insight

• Market Insight
• Type Trends
• Based on type, the global towel market has been
  categorized into bath towels, hand towels,
  disposable towels, kitchen towels, others.
• The bath towels dominated the market in 2020
  owing to significant consumption of bath towels
  in the residential sector as well as commercial
  sector.
• The rising trend of the nuclear family and with
  increasing hygiene awareness, consumers opt for
  more than one towel per person and purchase new
  ones with changing market trends.
• Moreover, the rising hospitality sector with
  increasing hotels, resorts, and motels ensure
  clean towels for their customers, further driving
  the segment growth.
• Regional Trends
• By region, North America dominated the market in
  2020 and is projected to grow at a steady CAGR
  during the review period.
• The presence of major towel companies including
  bath, hand, disposable, and kitchen towels offers
  lucrative opportunities to the companies to cater
  to an ever-growing consumer base.
• The habit of hygiene and having a towel of your
  own, drives the product demand in the region.
• Furthermore, the strong home textile growth in
  the region further boosts product consumption.

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Competitive Insights

• Key Players
• GM Exports (India),
• Nine Space (The U.S.),
• Sunvim (China),
• Dunroven House (The U.S.),
• QIANXIANG (China),
• Kimberly-Clark (The U.S.),
• Procter Gamble (The U.S.),
• Behrens Group (UK),
• WHR Gmbh (Germany),
• Laguna Beach Textile Company (The U.S.),
• Dock and Bay (UK), and
• Koch Industries (The U.S.).

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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