The global Cotton Pads Market is estimated to be valued at US$ 760.00 Mn in 2022 and is expected to exhibit a CAGR of 5.71% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cotton pads are round or square pieces of cotton used for various cosmetic and medical purposes such as removing makeup, cleansing, and applying topical medications. They are absorbent in nature and are widely used as disposable cleansing material.
Market key trends:
One of the key trends in the cotton pads market is the increasing demand for organic and eco-friendly cotton pads. Consumers are shifting their preference towards sustainable products, which is boosting the demand for organic cotton pads. Organic cotton pads are made from non-GMO and pesticide-free cotton through natural farming methods. They are biodegradable and cause low environmental impact.
SWOT Analysis
Strength: Wide range of applications in skin care, makeup removal and other cosmetic procedures boost the product demand.
Weakness: Stiff competition from tissues and wet wipes may limit the market growth.
Opportunity: Growing E-commerce industry providing access to wide variety of cosmetic products acts as an opportunity.
Threats: Availability of alternatives like tissues can pose threat to market dominance of cotton pads.
Key Takeaways
Global Cotton Pads Market Size is expected to witness high growth, exhibiting CAGR of 5.71% over the forecast period 2023 to 2030, due to increasing focus on personal care and hygiene.
Regional analysis: North America dominates the global cotton pads market followed by Asia Pacific. Increased spending on cosmetic products and rising popularity of DIY skincare trends in countries like US and China contribute to market growth in these regions.
Key players: Key players operating in the cotton pads market are CMC Consumer Medical Care GMBH, Cotton Club, Groupe Lemoine, Shiseido Co. Ltd., Sisma S.P.A, TZMO SA, L&R USA Inc., Unicharm Corporation, and PT Cottonindo Ariesta Tbk. These players are adopting strategies like new product launches, mergers and acquisitions to strengthen their market position.
Read More- https://makuv.com/global-cotton-pads-market-connected-with-increasing-consumer-spending-on-healthcare-propelling-growth/
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