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The global market for cotton towel is driven by the rising hospitality sector, along with the growing urban population and increasing awareness about hygiene. With the surging trend of nuclear family and growing demand for separate cotton towels because of the hygiene consciousness among consumers, the market demand for the cotton towel is expected to fuel during the forecast period.
The increasing production of cotton towel by several manufacturers due to the growing cotton industry and the rise in cotton production is further anticipated to fuel the market growth of the cotton towel across the globe. Moreover, the rising textile industry and increasing disposable income, along with an upsurge in spending on the home and bath linen, are further propelling the growth of cotton towel market.
The significance of some companies such as Covenant Logistics Group, Inc. (NASDAQ: CVLG) and LUXOME are anticipated to fuel the market growth for cotton towel due to the growing market opportunities and innovative marketing strategies.
For instance, in January 2022, LUXOME launched new high-performance luxury towels. The company has been able to create bath towels that not only feel better than 100 percent cotton but also perform far better by using advanced construction techniques and combining cotton with other unique fabrics.
The major players in the global market for cotton towel include Covenant Tex Co., Ltd, Oasis Towels, 1888 Mills, LLC, Kapatex s.r.o., Ozan Premium Home, New Pig Corporation, and Impel International, 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.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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