As per the recently published report by MarketsandMarkets™, The “Absorbent Paper Market by Type (Wet Crepe, Dry Crepe, Tissue, Scrim-Reinforced Paper), Application (Filter Paper, Toilet Paper, Napkins, Surgical Drapes & Gowns, Food Wraps, Wipes), End-use Industry, and Region – Global Forecast to 2028″, size is projected to reach USD 177.3 billion by 2028 from USD 135.0 billion in 2023, at a CAGR of 5.6% during the forecast period. The market growth is driven by the rising hygiene and sanitation awareness, propelled by the surge in demand for adult incontinence products, and, and increasing demand for coffee filters in Europe, which serves as a pivotal catalyst for the absorbent paper market.
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- 68 Market data Tables
- 16 Figures
- 210 Pages and in-depth TOC on “Absorbent Paper Market – Global Forecast to 2028”.
This report also provides a comprehensive analysis of the companies listed below:
The key players in absorbent paper market are Kimberly-Clark Corporation (US), International Paper (US), Georgia-Pacific LLC. (US), Metso Group (Finland), Ahlstrom (Finland), Essity Aktiebolag (Sweden), Kruger Inc. (Canada), Domtar Corporation (US), Clearwater Paper Corporation (US), and Twin Rivers Paper Company (US). These players have adopted various strategies such as mergers & acquisitions, joint ventures, and expansion to strengthen their market position.
Recent Developments in Absorbent Paper Market Industry
- In January 2022, Ahlstrom completed the acquisition of 60% stake in Chinese decor paper producer, Minglian New Materials Technology Co., Ltd., forming a joint venture with a state-of-the-art plant in Xingtai, Hebei Province, China.
- In February 2022, Kimberly-Clark Nigeria is set to inaugurate a new manufacturing facility in Ikorodu, Lagos. Equipped with advanced technology, it aims to enhance its ability to meet the rising demand for quality baby care and feminine products.
- In December 2023, Geordia-Pacific invested USD 150 million to expand its retail consumer tissue business, boosting high-quality bath tissue production.
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