One of the inevitable tools which is used in the kitchen permanently is the towel. It has a remarkable size market size all over the world. Let's get familiar with its global information. In 2021, the global market for kitchen towels was worth US$ 15.1 billion. The IMARC Group forecasts that by 2027, the market would have grown to be worth US$ 22.3 billion, with a CAGR of 6.58% between 2022 and 2027. We are constantly monitoring and assessing the direct and indirect impact of the pandemic on various end-use sectors, keeping in mind the uncertainties of COVID-19. These are some of the most important market factors, thus they made it into the research. The increase in urbanization, higher per capita earnings, and higher overall standards of living are all factors that are contributing to the rise in consumer spending on home care products like kitchen towels. The report, which is in-depth research of the market all over the world and is named "Global Kitchen Towel Market," can be found here. The research offers a comprehensive investigation into the market's most significant subgroups, trends, drivers, and restraints, as well as the competitive landscape and other characteristics. A kitchen towel has several uses, from drying hands to wiping down countertops to sanitizing cutlery and more. Cotton is widely used because of its ability to absorb moisture through direct contact, and it can tolerate being washed and worn repeatedly without losing its absorbing properties. It also serves as a convenient place to rest plates, bowls, and other hot serving utensils over the course of a meal. There is a vast selection accessible now to suit different consumers' preferences. Towels that are sold in homes and restaurants for the purpose of drying hands, wiping down countertops, and cleaning silverware, cookware, and other kitchen implements make up the entirety of the market for kitchen towels. The revenue generated by the market is significantly contributed to by towels fabricated from a variety of materials including cotton, linen, microfiber, and paper, amongst others. You have the option of using either cloth or paper in the kitchen, both of which are primary materials. Dish towels can be made from a variety of materials, but the most common ones found in kitchens are linen, terry, and cotton fabric. Retailers offering it for sale include grocery stores, hypermarkets, convenience stores, and online marketplaces like Amazon and eBay. It is available for purchase by both commercial and residential customers. The value of the global market for kitchen towels is projected to increase from $2.25 billion in 2021 to $2.31 billion in 2022, which would represent a CAGR (compound annual growth rate) of 2.6%. The market for kitchen towels is expected to reach $2.4 billion by 2026, expanding at a compound annual growth rate of 0.9% from 2018 to 2026. As more and more people move into urban areas, there has been an increase in the demand for high-quality home and personal care products. As a result, the market for kitchen towels has been growing at a rapid pace. The urban population of the world increased by 1.84 percent in 2021, and the World Health Organization projects that it will increase by 1.6 percent annually between 2021 and 2025, and by 1.4 percent annually between 2025 and 2030. The increasing number of people living in urban areas combined with higher median incomes has led to an increase in demand for household linens such as dish towels. In addition to this, as a consequence of westernization and globalization, their market share is expanding not only in developing countries but also in emerging markets. The rise in the cost of raw materials is a significant contributor to the market's inability to expand. A large number of businesses use cellulose fiber, most frequently kraft pulp or fiber recycled from waste paper, in the production of paper towels. Changes in prices brought about by market factors such as the supply and demand of raw materials, as well as the cost of energy and transportation, are capable of having a sizeable effect on retail prices. The Weighted Price Index for Pulp, Paper, and Paperboard in India came in at 129.3 in 2019, indicating that prices have clearly increased by approximately 29.3 percent since reaching their lowest point in 2012. Because of this, the growth of the market for kitchen towels may be impacted negatively as a result of the aforementioned factors. Because the production costs of their private label counterparts are lower, they are in a position to provide customers with a vast selection of goods at prices that are more affordable. Because of this, they have reached a level of market dominance that has a detrimental effect on the performance of various other suppliers. About eighty percent of the market share in Western Europe is held by private brands. Accrol is the most successful company in the world when it comes to supplying the private label industry, which is expanding at a rate of more than 8% annually. In 2019, the market share for kitchen towels held by private label products is at 47%, while the market share held by branded products is 53%. In order to achieve success in this industry, you must continually introduce new products to the market. The rising trends in the industry, such as increased absorption, novel prints, and environmentally friendly products, have been embraced by private label manufacturers. In the market for kitchen towels, some of the most successful companies include Kimberly-Clark, Koch Industries, Procter & Gamble, WEPA Professional GmbH, Svenska Cellulosa Aktiebolaget, Wausau Paper Corp. (Tork US), Accrol Group Holdings Plc, Aldar Tissues, Rodriquez Pty, and Towel Depot. The Asia-Pacific region held the largest share of the global market for kitchen towels in the year 2021. In the global market for kitchen towels, the North American market ranked in second place. The geographical coverage of the report on kitchen towels includes not only Asia-Pacific but also Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The following countries and regions are covered in the research on the global market for kitchen towels: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. In the industry of kitchen towels on a global scale, there are several distinct submarkets:
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