Author: Mohitpatil

The global wipes market size was USD 3.87 billion in 2020. The market is projected to grow from USD 4.09 billion in 2021 to USD 6.22 billion in 2028 at a CAGR of 6.2% in the 2021-2028 period.

This information is provided by Fortune Business Insights™, in its report, titled, “Wipes Market, 2021-2028.”

As per our expert analysts, wipes are regarded to be a fundamental sanitary product utilized to maintain the sanitation and hygiene in households as well as in the environment. The rising alertness concerning health and hygiene maintenance has boosted the demand of the personal care industry.

List of Key Players Covered in the Market

• Kimberly-Clark Corporation (U.S.)
• NICE-PAK Inc. (U.S.)
• Edge well Personal Care (U.S.)
• Clorox Company (U.S.)
• Orchid Paper Products Company (U.S.)
• AbitibiBowater Inc. (Canada)
• Kruger Inc. (Canada)
• Asian Pulp & Paper (Indonesia)
• Svenska Cellulosa AB (Sweden)
• Hengan (China)
• CMPC Tissue SA (Chile)
• Sofidel Group (Italy)

Report Coverage

The report presents a general study of the market along with existing trends and imminent estimations to establish proximate investment gains. An in-depth examination of any upcoming opportunities, intimidations, competitions or driving influences is also stated in the report. Step by step, thorough regional analysis is offered.

The COVID-19 impressions have been added to the report to aid investors and business possessors to understand the jeopardies better. The key players in the market are analyzed, and their tactics to bolster the market growth are cited in the report.

Segmentation

On the basis of application, the global market is branched into personal care, household, and industrial wipes.

The growth of the personal care classification segment is attributed to the rising utilization of different diversities of personal care grocery items such as cleaning and hygiene, skincare, makeup, and hair cares by adults and children.

In terms of types, the market is segregated into the disposable and non-disposable wipes.

On the basis of distribution channels, the global market is classified into supermarkets & hypermarkets, convenience stores, specialty stores, online channels, and others such as shopping complex, and grocery stores.

Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Drivers and Restraints

Increasing Requirement for Hygiene & Cleanliness to Drive Demand for Wipes

Growing requirements of sanitation for personal hygiene purposes give surge to the demand for the bathroom and toilet tissues. Also, rising air pollution and dust issues have concurrently augmented the utilization of the kitchen tissue by the housekeepers to clean the vessels and additional kitchenware objects efficiently.

Rising trends of nuclear families across the world is thrusting the demand for such house cleaning items. This is anticipated to reinforce the wipes market growth during the forecast period.

Regional Insights

The market size in Asia Pacific was worth USD 1.27 billion in 2020. This is contributed by the amplified expenditure of customers belonging to the middle-class income group.

North America held a market share of 23.90% in the global market and owing to the huge urban population and advanced lifestyle of the population in the region.

The European region perceived a substantial wipes market share owing to the rising infrastructural amenities of hotels and hospitality and the accelerating tourist advents in the region.

Competitive Landscape

Product Invention and Effective Distribution Channels are Vital Factors for Market Growth

Product innovation & fundamental ability utilization are indispensable factors for companies to satisfy the rising demand for wipe products. Kimberly-Clark Corporation is the most important company associated to the market. The company is incessantly emphasizing on diminishing the carbon footprints from their processes.

Industry Development

• July 2021: Glatfelter Corporation procured Jacob Holm & Sonner A/S, who is a manufacturer of sanitary napkins & wet wipe, to construct its production facility.

Reference Link:

https://www.fortunebusinessinsights.com/wipes-market-103288

The global condom market size was USD 5.31 billion in 2020 and is projected to grow from USD 5.87 billion in 2021 to USD 10.97 billion in 2028 at a CAGR of 9.4% in the 2021-2028 period. 

The Report Lists the Key Companies in this Market:

• Reckitt Benckiser Group (Slough, U.K.)
• LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
• Caution Wear Corp. (New Hampshire, USA)
• Church & Dwight Co., Inc. (Ewing, U.S.)
• Cupid Limited (Nashik, India)
• Karex Berhad (Selangor, Malaysia)
• CPR GmbH (Sarstedt, Germany)
• ONE Condoms (Massachusetts, USA)
• Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)
• Okamoto Industries, Inc. (Tokyo, Japan)

Market Segments:

The market is segmented into male and female product types. The male segment is expected to dominate the market based on type owing to the higher usage rate, greater availability, and relatively lower cost compared to female product types. The market is classified into latex and non-latex. The latex segment is expected to hold a major market share due to its greater stretchability and strength compared to non-latex materials such as polyurethane. The market is divided into mass merchandisers, drug stores/pharmacies, online retail stores, and others. The drug stores/pharmacies segment is expected to hold the largest condom market share owing to the high availability of trusted brands.

The report on this market features:

• Far-reaching analysis of the market
• Essential facts about prominent players
• Dominant regions in the market
• Key drivers and trends
• Significant development
• Market challenges and restraints
• Coronavirus effect

Driving Factor:

Increasing Consciousness about Birth Control to Effectively Uplift Market

The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period.  As per the Contraceptive Use by Method 2019 of the United Nations report, the prevalence of male condoms has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019.

Furthermore, the increasing utilization of other control methods such as oral pills can simultaneously improve the prospects of the market. However, oral pills have adverse effects and cause hormonal imbalance in women, resulting in serious health problems. Therefore, the weakened inclination towards contraceptive pills among women can subsequently fuel the demand. Besides, the rising sex education in developing nations can have a positive impact on the market in the forthcoming years.

Regional Insights:

Ever-increasing Population to Spur Demand in Asia Pacific

The market in Asia Pacific is lucrative and is expected to experience a rapid growth rate during the forecast period owing to the ever-increasing population and increasing education level in developing nations. The growing awareness regarding birth control methods can have an excellent impact on the market in Asia Pacific. The implementation of childbearing policies to control the population will effectually aid the growth of the market in the region. The increasing number of unwanted pregnancies will further spur demand for condoms, thus promoting the growth of the market.

As per the report, Contraceptive Use by Method 2019 of the United Nations, in Eastern and South-Eastern Asia, these are one of the most prevalent contraceptive methods accounting for 17% share in 2019. Europe and North America are expected to experience a steady growth rate due to contraceptive products’ higher usage rate. As per the report, Contraceptive Use by Method 2019 of the United Nations, condoms in Europe and Northern America account for 14.6% share among all contraceptive methods in 2019.

Competitive Landscape:

Rising Emphasis on Eco-friendly Products by Prominent Companies to Spur Opportunities

To attract customers, companies are focused on producing original product designs, such as those with unique tastes and lubricants. Furthermore, they are concentrating on making their goods environmentally friendly and safer to use for customers, such as through the use of environmental friendly components and the responsible use of utilities throughout the production process. For example, Ritex, a German company, has employed EKOenergy-certified power in their sustainable product line “PRO NATURE.” As a result, the launch of new goods, the adoption of environmentally friendly production techniques, and mergers and acquisitions strategies are expected to aid manufacturers in their company growth.

Key Development:

• October 2020: Durex, a condom brand based in Britain, introduced a new product range, ‘‘Durex invisible condoms’’. This was launched in India as India’s thinnest condom product.

Reference Link:

https://www.fortunebusinessinsights.com/condom-market-104519

The global hair extension market was was USD 2.35 billion in 2020 and is projected to grow from USD 2.38 billion in 2021 to USD 3.43 billion in 2028 at a CAGR of 5.3% in the 2023-2028 period. 

A list of renowned hair extension manufacturers operating in the global market:

• Great Lengths Universal Hair Extensions Srl (Roma, Lazio, Italy)
• Balmain Hair Group B.V. (Netherlands)
• Hair Visions International (Florida, USA)
• Esqido (Toronto, Canada)
• CAP. Original USA (Florida, USA)
• Cinderella Hair (London, UK)
• Racooninternational (United Kingdom)
• Evergreen Products Group Limited (Hong Kong)
• Easihair Pro USA (United States)
• Hairlocs (California, USA)

Report Coverage-

The research report aims to analyze the market by considering contributions, prospects, and growth trends. It presents detailed profiles of every key player operating in the market to assess their core competencies in each segment. Besides, it would help our clients better understand the competitive developments, such as mergers & acquisitions, new product launches, joint ventures, and collaborations.

Drivers & Restraints-

Increasing Cases of Alopecia Areata to Augment Growth

Most of the people nowadays are using hair extensions to hide their hair damage issues. The surging prevalence of casts, alopecia, and hair loss is expected to drive the hair extension market growth in the near future. The National Alopecia Areata Foundation, for instance, mentioned that as of 2020, approximately 6.8 million people in the U.S. are suffering from alopecia areata. At the same time, the increasing usage of chemical-based shampoos would aid growth. However, these products can often cause hair breakage and headache. It may hamper their demand.

Segments-

Synthetic Segment Held 43.92% Share in 2020: Fortune Business Insights™

By type, the market is trifurcated into animal, human, and synthetic. Out of these, the synthetic segment generated 43.92% in terms of the hair extension market share in 2020. This growth is attributable to its ability to resist rainy and humid weather.

Regional Insights-

Rising Number of Beauty Salons in the U.S. & Canada to Help North America Grow

Geographically, North America stood at USD 0.83 billion in terms of revenue in 2020. This growth is attributable to the presence of numerous beauty salons in Canada and the U.S. According to the Small Business Development Center Organization, as of May 2020, in the U.S., there are 77,000 beauty salons and 4,500 barbershops. Asia Pacific, on the other hand, is set to remain at the forefront on account of the rising working women population in the region. This would further accelerate them to spend more on grooming products, including hair extensions.

Competitive Landscape-

Key Players Focus on Acquisition Strategy to Strengthen Their Positions in Market

The global market contains a large number of companies that are presently striving to strengthen their positions globally. Hence, they are engaging in the merger and acquisition strategy with local salons and novel hair product manufacturers.

Reference Link:

https://www.fortunebusinessinsights.com/hair-extension-market-105688

The global luxury goods market size was valued at USD 272.74 billion in 2022 and is anticipated to grow from USD 284.00 billion in 2023 to USD 392.40 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period.

Luxury products signify the status symbol of an individual. Businesses focus on high-income populations with visually appealing designs and technology-integrated products. For instance, NFC-installed chips in jewelry; a product called Verselux was created by Cathy Hackl in March 2023. Fortune Business Insights presents this information in its report titled “Global Luxury Goods Market, 2023–2030.”

List of Key Players Profiled in the Report:

• LVHM (France)
• Compagnie Financière Richemont SA (Switzerland)
• Kering SA (France)
• Chow Tai Fook Jewellery Group Limited (Hong Kong)
• The Estée Lauder Companies Inc. (U.S.)
• Luxottica Group SpA (Italy)
• The Swatch Group Ltd. (Switzerland)
• L’Oréal Group (France)
• Ralph Lauren Corporation (U.S.)
• Shiseido Company, Limited (Japan)

Segments:

Fast Fashion Trend Increases Demand for Clothing Segment

By product type, the market is categorized into watches & jewelry, perfumes & cosmetics, clothing, bags/purses, and others. Fast fashion trends and demands from both men and women led the clothing segment to hold a significant market share.

Inclination Toward Grooming by Women to Increase Demand for Luxury Items

By end-user, the market is divided into men and women. The women segment dominates the market due to availability of numerous luxury products such as bracelets, cosmetics, earrings, fragrances, and handbags.                                            

Online Channel to Hold Largest Share due to Greater Convenience in Purchasing
Based on distribution channel, the market is bifurcated into offline and online. Due to the presence of stores and shops, customers can touch and feel the product, which allows the offline segment to hold a significant market share. 

Geographically, the market is studied across North America, South America, Europe, Asia Pacific, and the Middle East and Africa.

Report Coverage:

The report offers: 

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
• Comprehensive insights into regional developments. 
• List of major industry players. 
• Key strategies adopted by the market players. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers & Restraints:

Increasing High-net Worth Population to Spur Demand

An increasing population with high-net worth drives the market for luxury goods. Businesses selling luxury goods concentrate on Gen-Z and millennial audiences by offering customized products. Around 2,153 billionaires have more wealth than 60% of the global population, which is 4.6 billion, according to the data published in January 2020 by Oxfam International.

On the contrary, purchasing or renting second-hand luxury products hinders the luxury goods market growth.

Regional Insights

Increasing Disposable Income of Individuals in Asia Pacific to Augur Market Growth

Asia Pacific holds the largest luxury goods market share due to its growing population and people’s high disposable income. The availability of luxury items is another factor contributing to the region’s market growth.           

Due to the presence of large players in the region, the luxury items market in Europe holds substantial share.

Competitive Landscape

Key Players Focus on Acquisitions to Sustain Position

Major companies in the market maintain robust product portfolios to maintain their position in the market. Partnerships, acquisitions, and new product developments are prioritized by luxury item companies to maintain dominance.

Key Industry Development: 

• November 2022: Estee Lauder Companies, Inc., a global cosmetics maker, acquired Tom Ford, a luxury footwear, handbags, and accessories brand, to expand its business in the Chinese luxury beauty products industry.

Reference Link:

https://www.fortunebusinessinsights.com/luxury-goods-market-103866