The global Cotton Pads Market was valued at US$ 760 Mn in 2022, according to Cotton Pads Market Report, by Product Type (Round Cotton Pads, Square Cotton Pads, and Oval Cotton Pads) by End-use Industry (Cosmetics, Medical, and Others), by Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
The global cotton pads market is expected to surpass US$ 1,185.07 Mn by 2030, exhibiting a CAGR of 5.71% during the forecast period (2023-2030). The rising number of injuries due to roadside accidents is driving the need for dressing and wound covering materials, thereby boosting demand for cotton pads across the globe. For instance, as per the article published by the WHO (World Health Organization) about ‘Road traffic injuries’ on February 7, 2020, around 1.35 million people die each year due to road traffic crashes, while 20 to 50 million people suffer from non-fatal injuries across the globe. Moreover, the adoption of soft material for cleansing sensitive skin of babies is expected to further fuel the demand for cotton pads.
Several players are expanding their manufacturing facilities for developing multi-purpose cotton pads. For instance, in 2019, Groupe Lemoine completed the construction of Lemoine Textisol Cotton Industry, a pads production unit in Cocentaina, Spain. Moreover, promotional activities undertaken by key players for boosting the sale of their products have also contributed significantly to the rising popularity of cotton pads. For instance, in May 2018, Lohmann & Rauscher made its inaugural presentation of the ‘Hygiene in Practice’ movement at the annual conference of the European Wound Management Association (EWMA) held in Poland.
As the event of Covid pandemic is over, the global cotton pads market has been negatively impacted. This can be attributed to the imposition of lockdown, travel restrictions, and shutting down of manufacturing facilities. However, the increasing need for face cleansing materials such as cotton pads to prevent COVID-19 infection is boosting the demand for soap and lotion-induced cotton pads. Moreover, the lifting of restrictions and reopening of workplaces is expected to boost demand for cotton pads during the post-pandemic period.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/cotton-pads-market-4447
Key Trends and Analysis of the Cotton Pads Market:
Among regions, Asia Pacific accounted for a significant market share in 2020. This is attributed to the exponential population growth in the region. Moreover, owing to rising skincare concerns and humid climatic conditions, women across the Asia Pacific region are inclined to follow a strict. Skincare routine, thereby boosting demand for cotton pads.
Key Takeaways of the Cotton Pad Market:
- Among distribution channel, the specialty stores segment held the largest revenue share of 36.7% in the global cotton pads market in 2020. This can be associated with the ability of specialty stores to provide prime opportunity to the players on reaching out for highly targeted audience. Moreover, the specialty stores offer unique and original goods that are not available in other stores.
- Major 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.
- Key players operating in the cotton pads market are focusing on various strategies such as acquisitions and regional expansion, in order to strengthen their market presence and expand their product portfolio. For instance, in September 2018, Unicharm Corporation acquired sanitary products manufacturer DSG International Public Co. Ltd. based in Thailand and its holding company, DSG (Cayman) Ltd.
