4 Key findings from Fact.MR Report on Cosmetic Wipes Market
Published : 02 Aug 2017 Industry: Consumer Goods
Global cosmetic wipes market is undergoing a steady growth due to various factors such as rapid population growth in the developing regions of the world and the rapid urbanization. Due to the fast paced lifestyle of today, consumers are opting for products that save their both time and energy and are convenient to use. It is in this context that global cosmetic wipes market is undergoing a steady expansion. There are different types of cosmetic wipes available in the market today. Some of them carter to the usual needs like washing hands, for removing makeup, for feminine hygiene purposes and other personal cleansing, etc. Besides this, there are cosmetic wipes available in the market that are herbal or botanical based wipes and contain natural extracts such as aloe vera, especially for the skin care segment. There are special types of cosmetic wipes available in the market that cater to facial care category and for the purpose of anti-ageing. Such type of cosmetic wipes help in removing wrinkles and hyper pigmentation in the skin. There are various other types of cosmetic wipes available in the market today that cater to the personalized needs of the consumers.
The global cosmetic wipes market is slated to touch a value of US$ 1,771.6 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.
4 Forecast Highlights on Global Cosmetic Wipes Market
- As per the forecast of Fact.MR, the dry wipes segment is slated to touch a value of US$ 601.2 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The dry wipes segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
- As per the forecast of Fact.MR, the drug stores cosmetic wipes segment will reach a value of US$ 312.1 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The drug stores cosmetic wipes segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
- As per the forecast of Fact.MR, the acne-prone wipes segment is slated to reach a value of US$ 557.6 Mn in 2022. The acne-prone wipes segment is expected to gain some market value by the end of the year 2022. The largest share is contributed by the Europe region in the acne-prone wipes segment.
- Fact.MR forecasts that the absorbent cotton cosmetic wipes segment will exhibit a CAGR of 2.8% from 2017 to 2022. Absorbent cotton cosmetic wipes segment is estimated to account for more than one-third of the revenue share of the material used segment by 2017 end and is expected to lose some market share by the end of the year 2022.
The report has also profiled leading players in the global market for cosmetic wipes, which will remain active through 2022. These include companies such as Hengan International Group Company Limited, Albaad Massuot, Kimberly-Clark, Rockline Industries, Procter & Gamble, Nice-Pak Products, Johnson & Johnson, Diamond Wipes International and Svenska Cellulosa Aktiebolaget SCA.