COTTON PADS MARKET ANALYSIS

Cotton pads are made from raw cotton and are widely used in cosmetics and medical sectors across the globe. These pads are majorly used for face cleansing and to prevent bleeding from skin cuts and injuries. Moreover, usage of cotton pads for makeup application and removal has gained traction since the last few years.

The Global Cotton Pads Market is estimated to surpass US$ 1185.07 Mn by the end of 2030 in terms of revenue exhibiting a CAGR of 5.71% during the forecast period (2023 to 2030).

Drivers

Rising Awareness for Personal Care

Rising awareness among the millennial population about personal care and hygiene is expected to boost demand for cotton pads in the coming years. Furthermore, long fiber cotton with the ability to absorb more oil and other liquid make them well-suited for several cosmetic applications.

Moreover, increasing disposable income of the working population has fueled demand for cosmetics products, thereby generating high demand for cotton pads. For instance, according to the Organization for Economic Co-operation and Development, per capita, disposable income in European Union was valued at US$ 33,399 in 2020, which increased to US$ 34,355 in 2022.

Figure 1. Cotton Pads Market Value Share (%), By Region, 2022

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Market Restraints

Rising Adoption of Alternative Materials

The increasing number of substitutes for cotton pads available is expected to hamper the market growth to some extent. Alternatives such as flannel, bamboo, and other microfiber pads are witnessing a surge in demand across the cosmetics and personal care industry. Moreover, a research study conducted by the U.S. EPA (Environmental Protection Agency) in 2022 stated that fine microfiber (0.38 mm or less in diameter) can remove 98% of bacteria and 93% of viruses, while cotton can only remove 30% of bacteria and 23% viruses. Rising adoption of these materials is expected to hinder demand for cotton pads in the near future.

Market Trends

On account of excessive water consumption by cotton plants, the adoption of reusable cotton pads is gaining traction across the cosmetics and pharmaceutical sectors. For instance, according to an article published on February 7, 2017, by Water Footprint Calculator, the water footprint for 1 pound of cotton is around 1,320 gallons. Thus, players operating in this market are expected to develop advanced reusable cotton pads with varied properties, depending upon their end application.

Figure 2. Global Cotton Pads Market Revenue Share (%), By Distribution Channel, 2022

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Global Cotton Pads Market - Impact of Coronavirus (COVID-19) Pandemic

The global market for cotton pads has been impacted due to the COVID-19 pandemic. Several governments across the globe have imposed nationwide lockdowns to limit the spread of the virus, which resulted in the shutting down of businesses and ceasing of several economic activities. According to the International Monetary Fund’s 2020 report, the global economy was expected to contract sharply by 3.0% in 2022 which is worse than the 2008-09 financial crisis. Moreover, reduced demand for cosmetics has indirectly led to low demand for cotton pads across the cosmetics sector. For instance, in 2020, L'Oréalwitnessed a sharp decline of 7.7%, 4.8%, and 3.7% in growth across Western Europe, North America, and Asia Pacific regions.

Recent Developments

• On 26^th December 2022, Shiseido Company, Limited (“Shiseido”), in collaboration with the Norwegian University of Science and Technology, developed an innovative measurement system that realizes a comprehensive non-invasive approach to visually and numerically measuring and analysing the three-dimensional facial shape as well as optical properties of facial skin, such as subsurface scattering light.
• On 25^th November 2021, TRUMPF had acquired a joint venture with SISMA in Italy which means that the German company’s addictive business would focus on medical and dental businesses as well.

Competitive Section

• Key players operating in the global cotton pads market include CMC Consumer Medical Care GMBH, Cotton Club, Groupe Lemoine Sanitars, Shiseido Co. Ltd, Sisma S.P.A, TZMO SA, L&R USA Inc., Unicharm Corporation, and PT Cottonindo Ariesta Tbk.