The ‘Global Cotton Towel Market Size, Share, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global cotton towel market, assessing the market on the basis of its segments like product types, applications, distribution channels, and major regions.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.40%
Cotton is a breathable, comfortable, absorbent and natural material. Such benefits, coupled with odour-resistant properties, of cotton towels are bolstering their demand in hospitals, hotels, gyms, and fitness clubs, among others.
The availability of cotton towels in diverse colours, dyes, and patterns, among others, is aiding the market growth. Besides, the robust growth of the e-commerce sector is enabling manufacturers to market and sell innovative cotton towels on online retail platforms.
Some of the key cotton towel market trends include the increasing demand for premium and comfortable products, the flourishing textile sector, and the surging focus on health and hygiene. The flourishing tourism sector is also bolstering the demand for cotton towels in hotels, resorts, and spas, among others.
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Cotton Towel Industry Definition and Major Segments
Cotton towels are towels that are made up of cotton and do not contain synthetic fibres. They are widely used to dry the skin after a shower or a bath. Cotton towels offer various benefits, including increased comfortability, versatility, absorbency, and breathability, due to which they do not irritate the skin.
The market, on the basis of product type, is categorised into:
• Pima Cotton Towels
• Egyptian Cotton Towels
• Turkish Cotton Towels
Based on application, the cotton towels market is divided into:
By distribution channels, the market is segmented into:
The major regional markets of cotton towel include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Cotton Towel Market Trends
The rising hygiene consciousness, the increasing trend of nuclear families, and rapid urbanisation are positively influencing the cotton towel market demand. Moreover, there is a growing demand for Egyptian cotton towels as they offer enhanced durability, breathability, and absorbency. The rising preference for luxurious towels in spas, resorts, and hotels is also driving the usage of Egyptian cotton towels.
In the Asia Pacific region, factors like extensive cotton production, the robust growth of the textile sector, and an increasing population with high disposable incomes are driving the demand for cotton towels. The rising awareness regarding the benefits offered by cotton in countries such as India and China, is also fuelling the preference for cotton towels.
Technological advancements and innovations and the rising availability of skilled labour force in the region are likely to boost cotton towel manufacturing in the Asia Pacific in the coming years.
Key Market Players
The major players in the cotton towel market report are Covenant Tex Co.,Ltd, Oasis Towels, 1888 Mills, LLC, Kapatex s.r.o., Ozan Premium Home, New Pig Corporation, and Impel International, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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