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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.
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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.
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