According to projections, the market for wrapping tissues market will be worth US$ 1.38 billion in 2021 and US$ 1.44 billion in 2022, growing at a Y-o-Y rate of 4.3%. From 2022 to 2032, the market is anticipated to expand at a CAGR of 4.1% and will probably reach US$ 2.15 billion by then. Growth is attributed to an increase in demand for silicone elastomers, particularly in the construction and automotive industries.
Dynamics of the global wrapping tissue market
One of the main factors propelling the global market for wrapping tissues is the expanding gift packaging sector. Increased flower sales are also driving up the market’s need for wrapping tissues. Spending on these items is rising together with the middle class’s development in disposable income.
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Because the hospitality sector is likely to grow more rapidly than other sectors, the market for wrapping tissues is anticipated to expand significantly in emerging economies. The main reason behind the rising demand for wrapping tissues in the global market is celebration and festive seasons like Christmas and New Year.
What role does North America play in the market expansion for wrapping tissues?
Due to fierce rivalry among packaging vendors, market growth in North America is stagnant, and just a minor increase is anticipated in the coming year. North America will likely be the biggest regional market. Studies indicate that in the United States, gift wraps—which comprise wrapping paper, tissue paper, and gift bags—cost about $12.8 billion in 2017.
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Market Competition
Companies that produce wrapping tissues are focusing on lowering greenhouse gas emissions and using the recovered pulp to make wrapping tissues in order to reduce their environmental impact. Most businesses are primarily focused on offering customized products during various festive seasons in order to entice consumers to purchase their products. Some of the global key market players are below
- APP (Asia Pulp & Paper)
- Procter & Gamble
- Johnson & Johnson
- Kimberly Clark SCA
- Sofidel Group
- Kruger Products
- Clearwater Paper Corp.
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Key Segments Covered in the Wrapping Tissues Market Study
Wrapping Tissues Market by Base Paper:
- Wrapping Tissues from Virgin Pulp
- Wrapping Tissues from De-inked Pulp
- Wrapping Tissues from Mixed Pulp
Wrapping Tissues Market by Distribution Channel:
- Wrapping Tissues Sales through Store Based Retail
- Wrapping Tissues Sales through E-Commerce
Wrapping Tissues Market by End Use:
- Wrapping Tissues for Commercial Use
- Wrapping Tissues for Residential Use
Wrapping Tissues Market by Region:
- North America Wrapping Tissues Market
- Latin America Wrapping Tissues Market
- Europe Wrapping Tissues Market
- Asia Pacific Wrapping Tissues Market
- Middle East and Africa Wrapping Tissues Market
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