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Global Cotton Towel Market to Grow at a CAGR of 5.40% During 2022-2027, Driven by Growing Consciousness for Hygiene

According to a new report by EMR titled, ‘Global Cotton Towel Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 5.40% in the forecast period of 2022-2027.

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.

 

Market Analysis by Product Type, Application, Distribution Channel, and Region:

  • The market, on the basis of product type, can be divided into Pima cotton towels, Egyptian cotton towels, and Turkish cotton towels, among others.
  • Based on application, the market can be divided into household and commercial.
  • Based on distribution channels, the market can be divided into offline and online.
  • The regional markets for cotton towel include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Key Findings of the Report:

  • The growing textile industry is boosting the market for cotton towel.
  • The surging requirement for sanitation facilities is fuelling the demand for cotton towel.
  • The market for cotton towel has registered significant growth due to the increasing production of cotton and cotton towels.
  • The growing concern for hygiene is augmenting the growth of the market.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the product type, application, distribution channel, and regions of cotton towel.
  • 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 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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