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Wet Wipes Market is expected to reach US$ 8.0 Billion 2031 at a CAGR of 7.6% | FMI


Since wet wipes effectively serve the purpose of maintaining hygiene standards and removal of germs, dirt, and dust build-up on the skin and other physical surfaces, their applications are projected to continue gaining traction over the forecast period.

NEWARK, Del: ESOMAR-certified consulting firm Future Market Insights (FMI) has projected the global Wet Wipes Market to reach a valuation of US$ 3.7 Bn in 2021. Expanding at a robust 7.6% CAGR, the market is poised to surpass a valuation of US$ 8.0 Bn by the end of 2031.

Wet wipes are in great demand due to rising awareness of good hygiene habits and the establishment of healthcare programmes in numerous nations to promote healthy living.

Wet wipes and wet towels are among the most popular items for personal hygiene since they are simple to use and widely available. A wide range of goods, including baby wipes, makeup wipes, disinfectant wipes, and wound care wipes, are being introduced by producers as a result of the significant demand for wet wipes. In the upcoming years, these variables will produce attractive growth potential.

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Market players are launching eco-friendly and biodegradable variants of wet wipes made from wood pulp and cotton as a replacement of synthetic fibers, which in turn is driving sales of wet wipes. Rising prevalence of health-related disorders in the geriatric population, such as incontinence-associated dermatitis (IAD) and catheter-associated urinary tract infection (CAUTI) is spurring demand for wet wipes, particularly in hospitals.

Since wet wipes effectively serve the purpose of maintaining hygiene standards and removal of germs, dirt, and dust build-up on the skin and other physical surfaces, their applications are projected to continue gaining traction over the forecast period. Besides this, the emergence of local and small players, innovative product development, smart marketing strategies adopted by leading manufacturers, and commercialization of wet wipes are improving growth prospects for the global wet wipes market.

The FMI study projects the U.S. to lead the North America wet wipes market. Rapid expansion of distribution channels, coupled with increasing per capita healthcare expenditure are anticipated to bode well for the wet wipes market in the U.S.

 “Expansion of the ecommerce sector is resulting in easy availability and increasing sales of wet wipes across the globe. In addition to this, government-backed healthcare reimbursement plans will continue driving sales of wet wipes over the forecast period,” says the FMI analyst.

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Key Takeaways:

  • Based on product type, incontinence wipes are projected to account for nearly 27% of the global wet wipes market share over the forecast period.
  • In terms of end users, the hospital segment is anticipated to grow at a 6% CAGR through 2031.
  • The U.S. is estimated to account for over 80% of the North America wet wipes market.
  • Germany will dominate the European wet wipes market, holding 23% of the market share in 2021.
  • China will emerge as a lucrative market, accounting for 40% of the East Asian wet wipes market share.
  • The Japanese wet wipes market is projected to grow at a 9.3% CAGR while the South Korea wet wipes market is estimated to register a robust 10% CAGR through 2031.

Prominent Drivers:

  • Collaborations among key market players to launch innovative products will provide tailwinds to wet wipes sales during the assessment period.

Restraints:

  • Availability of cheaper alternatives such as soaps, cleansing milk, and face washes might hamper sales of wet wipes.
  • Chances of allergic reactions and irritability on the skin might result in decreased sales of wet wipes.

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Competitive Landscape

Leading players operating in the global wet wipes market are aiming to expand their global footprint through strategic collaborations, mergers, and acquisitions. In addition to this, launching innovative products, research, and development and strengthening distribution channels will remain key growth strategies among players. For instance:

  • In January 2021, Medline collaborated with Intelligent Observation (IO) to assist healthcare providers to control healthcare-associated infection rates.
  • In July 2021, Essity announced the acquisition of ABIGO Medical, a wound care company, and Asaleo Care, a hygiene company based out of Australia.

More Insights on FMI’s Wet Wipes Market

The latest market study on the wet wipes market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global wet wipes market potential, its growth, trends, and opportunities, the market is segmented on the basis of: 

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Product:

  • Incontinence wipes
    • Baby Wipes
    • Adult Wipes
  • Skin Antiseptic Wipes
  • Feminine Hygiene Wipes
  • Skin Care Wet Wipes
  • Sterile Wound Cleansing Wipes

Disposability:

  • Flushable Wipes
  • Non-Flushable Wipes

Application:

  • Incontinence
  • Skincare
  • Personal Hygiene
  • Wound Care

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End-User:

  • Hospitals
  • Clinics
  • Specialty Centers
  • Long term care centers
  • Homecare Settings

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Development Trends

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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