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Wet Wipes Market Size, Industry Analysis Report By Product (Incontinence wipes-baby wipes, adult wipes, Skin antiseptic wipes, Feminine hygiene wipes, Skin care wet wipes, Sterile wound cleansing wipes), By Disposability (flushable wipes, non-flushable wipes), By Application (incontinence, skin care, personal hygiene, wound care), By End-User (Hospitals, Clinics, Specialty centres, Long term care centres) & Region – Forecast

  • PUBLISHED ON
  • 06/12/2022
  • NO OF PAGES
  • 224
  • CATEGORY
  • Retails & Consumer
The Global Wet Wipes Market: Overview
The Global Wet Wipes Market is valued at around USD 15.15 billion in 2022 and is expected to reach USD 33.8 billion by 2030, registering a CAGR of 9.03% over the forecast period. Wet wipes are small to medium-sized moistened pieces of plastic or cloth that occasionally come folded and individually wrapped for convenience or as a large roll of individual wipes that can be ripped off in the case of dispensers. They are also known as wet towels or disinfecting wipes. Cleaning jobs requiring wet wipes can be done in the home and for personal hygiene. A number of chemical compounds are present in wet wipes to effectively disinfect unclean surfaces. Older children and adults frequently use them as hand wipes, and some of them even contain moisturisers and make the claim that they can be used on the face.

The Global Wet Wipes Market - Growth Factor
Increasing hygiene concerns and a rising need for multi-functional wet wipes are the main factors anticipated to propel the growth of the worldwide wet wipes market. In addition to maintaining cleanliness, wet wipes contain antimicrobial, exfoliating, and moisturising qualities. Because of the rising pollution, consumers are prepared to spend more for wet wipes. Manufacturers are spending money on packaging research and development. Wet wipes are being used more frequently for hygiene purposes, especially where access to clean water is scarce. Wet wipes' advantages in the fight against illness and the fact that they are disposable are also encouraging people to buy more of them. The market is being impacted by an increase in the number of infants, urbanisation, and consumer spending on personal hygiene products.

The Global Wet Wipes Market – Market Trends
• Growing urbanisation and industrialization have led to a growth in the middle-class population, which is looking for items that are simple to use, hygienic, affordable, and convenient. The world's usage of wet wipes is significantly influenced by the expanding population.
• One of the key elements enticing new customers and keeping existing ones is cleanliness and sanitary conditions in retail stores and other facilities. Customers, particularly at restaurants, remember the standard of quality, cleanliness, and ambiance maintained.
• When they visit these locations, they anticipate a clean environment. Any negative encounter may result in clients leaving. The wet wipes industry is also thought to be driven by the need for hygiene and sanitation in public spaces including hospitals, schools, and colleges.
• Wet wipes will become more widely available to consumers, contributing to the market's expansion, as governments reduce restrictions on the growth of the textile sector around the world and local firms increasingly enter the market.
• During the projection period, there should be a significant increase in demand for multifunctional wet wipes. To draw in more customers, manufacturers are working to launch brand-new, reasonably priced wet wipes with various scents.

The Global Wet Wipes Market – Segmentation
The Global Wet Wipes Market fragrance concentrates market has been sub-classified into product, disposability, application, end-user.
On the basis of product, the Global Wet Wipes Market is bifurcated into:
• Incontinence wipes-baby wipes, adult wipes
• Skin antiseptic wipes
• Feminine hygiene wipes
• Skin care wet wipes
• Sterile wound cleansing wipes
• others

On the basis of disposability, the market is segmented into:
• flushable wipes
• non-flushable wipes
• others

On the basis of application, the market segmented into:
• incontinence
• skin care
• personal hygiene
• wound care
• Others

On the basis of end-user, the market segmented into:
• Hospitals
• Clinics
• Specialty centres
• Long term care centres
• Others

The Global Wet Wipes Market –Regional Analysis
North America dominated the global Wet Wipes Market, the market for wet wipes accounted for roughly 36.3% of total sales. Changes in people's lifestyles, an increase in the number of working women, developing internet retailing tendencies, and increased disposable income are the main drivers of this region. The need for baby wet wipes is also being fuelled by women's increasing knowledge of infant hygiene in North America.

The Global Wet Wipes Market – Key Market players
Global key players of Global Wet Wipes Market 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., and others.

Global Wet Wipes Market: Historical Years- 2018-2021
Global Wet Wipes Market: Forecast Years- 2022-2030
Global Wet Wipes Market 2022- USD 15.15 billion
Global Wet Wipes Market 2030- USD 33.8 billion
Global Wet Wipes Market CAGR- 9.03%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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