The Electronic Wipes Market is likely to hold the global market at a moderate CAGR of ~7.6% during the forecast period. The global market holds a forecasted revenue of ~US$ 655.17 Million in 2022 and is likely to cross ~US$ 1350.18 Million by the end of 2032.
The increasing proliferation of electronic devices, consumers are demanding for natural and eco-friendly electronic wipes to minimize landfills, and rising consumer spending will encourage the use of higher value, and more task-specific electronic wipes are the factors influencing the growth of the electronic wipes market in the near future.
Consumers are increasingly incorporating electronic wipes into their daily routines, as consumers are using touch screens devices such as tablets, smartphones, and other electronic devices which get dirtier much quickly. Additionally, growing electronics industry, the rise in product premiumization trend to have a more competitive advantage against more traditional products, and accelerating adoption of electronic products among adult population are some other factors fueling the growth of the electronic wipes market during the forecast period.
The electronics industry is one of the major industrial sectors in the global economy. It includes a wide range of different manufacturing products and processes. The most notable products in the electronics industry are consumer goods such as computers, smartphones, televisions, and others.
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The electronics industry is a diversified sector, which is rapidly growing due to the development of novel technologies along with customers are shifting towards electronic devices and services. However, with daily use of electronic devices such as smartphones, tablets, computers, and others accumulate dust and fingerprints which makes their displays hard to read. Companies are developing anti-bacterial electronic wipes to keep devices functional and flawless as well as to maintain germ-free devices.
Global Electronic Wipes Market: Key Players
Some of the key players operating in the global electronic wipes market are Antec, Inc., S. C. Johnson & Son, Inc., iCloth Company, The 3M Company, Weiman Products, LLC, Norazza, Inc., Staples, Inc., 2XL Corporation, Georgia-Pacific Consumer Products LP, Essentra PLC, Tech Spray, L.P., Falcon Safety Products, Inc., and others.
Frequently launch of new electronic wipes, new product development by incorporating natural ingredients and materials among existing products, and consumers are demanding for multi-functional products for specific applications are some of the leading factors driving the growth of the global electronic wipes market.
Moreover, companies are offering electronic wipes with unique features such as alcohol & ammonia free, no chemical additives, fingerprint resistant, anti-static, and others are expected to grow the electronic wipes market during the forecast period.
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Opportunities for Global Electronic Wipes Market Participants
Companies’ focuses on adopting marketing strategies to increase their market penetration in developing countries, introducing reusable electronic wipes, changing consumer buying behavior due to increasing requirements, and growing concerns regarding cross-contamination are the factors due to which electronic wipes market revenue is expected to grow at a rapid growth rate, over the forecast period.
Moreover, in the competitive electronics business environment, manufacturing companies are a focus on to enhance their market share and presence through offer innovative with improved product quality at low cost as well as higher performance. To meet this growing market demand for smaller, thinner, and less expensive electronic devices, the electronic manufacturing industry has been shifting from Europe towards Asia Pacific region which is developing as the industry’s primary manufacturing sites.
This shift in the electronics manufacturing industry will create an opportunity for electronic wipes companies to increase their market presence in developing countries such as India and China.
Brief Approach to Research
FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period.
The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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