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Global Cotton Buds Market to Grow at a CAGR of 3.40% During 2022-2027, Driven by the Rising Disposable Incomes

According to a new report by EMR titled, ‘Global Cotton Buds Market Report and Forecast 2022-2027’, the market attained a volume of 622.1 billion units in 2021. The industry is further expected to grow at a CAGR of 3.40% in the forecast period of 2022-2027 to reach a volume of 762.5 billion units by 2027.

Various factors such as the rising disposable incomes, increasing demand in the healthcare sector, and rising awareness regarding hygiene, fuelled by the COVID-19 outbreak, have been driving the cotton buds industry growth. Cotton buds are mainly used for cleaning the ear wax. Apart from this, they are widely used in industrial cleaning and makeup applications. The growing market for personal care products is predicted to propel the growth of the cotton buds industry. Additionally, the increased demand for innovative products is leading to the development of improved quality cotton buds that are eco-friendly as well. This is expected to aid the growth of the market in the coming years.

While cotton buds are made using various materials such as wood, paper, and plastic, the governments in countries such as the US, the UK, and others are imposing a ban on plastic-based cotton buds, as it has a negative impact on the environment. As a result, the leading market players are discontinuing the use of plastic. For instance, in February 2017, Johnson and Johnson (NYSE: JNJ) announced that it will stop selling plastic cotton buds in half the world to help cut down marine pollution. Besides this, the easy availability of cotton buds on online platforms like Amazon (NASDAQ: AMZN) is driving the market growth. This was further fuelled by the COVID-19 pandemic, as a result of which the consumers shifted to online platforms to purchase items required on a day to day basis, such as cotton buds.

Market Analysis by Material, Application, and Region:

  • The market, on the basis of material, can be divided into wood, rolled paper, and extruded plastics.
  • Based on application, the industry can be divided into domestic use, commercial use, and medical use.
  • The regional markets for cotton buds include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising disposable incomes and the improved living standards of consumers are driving the market growth for cotton buds.
  • The growing investments by the key players in the manufacturing of quality cotton buds are leading the market growth.
  • The increasing awareness regarding personal hygiene among individuals is aiding the market growth.
  • The rising global population is leading to an increased demand for cotton buds.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for cotton buds for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the materials, applications, and regions of cotton buds.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global cotton buds market are Johnson and Johnson, Unilever, Chicco, Helenvita, Becutan, NUK, and Sanyo, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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