#Cotton #Towel #Market #Assessment
Pune, India, Nov. 01, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™, the cotton towel market size was valued at USD 3.86 billion in 2021 and is projected to reach a valuation of USD 4.05 billion in 2022. The market is expected to reach USD 5.98 billion by 2029 with a CAGR of 5.72% during the forecast period. The increasing necessity for towels from various end-users such as hotels, fitness clubs, and hospitals is anticipated to drive market growth. The current spike in the textile industry has made consumers more aware of their home’s appearance, which is expected to propel the market course. The shift towards luxury products is projected to assist in market development. Fortune Business Insights™ shares this information in its report titled “Cotton Towel Market, 2022-2029.”
COVID-19 Impact:
Halt on Tourism Activities Affected Market Growth
Due to the COVID-19 pandemic, shops were forced to close shops due to various restrictions and lockdowns, which led to a loss in the market. The halt in tourism activities led to a decline in market growth.
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Cotton Towel Market Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 5.72% |
| 2029 Value Projection | USD 5.98 Billion |
| Base Year | 2021 |
| Cotton Towel Market Size in 2021 | USD 3.86 Billion |
| Historical Data | 2018-2020 |
| No. of Pages | 154 |
| Segments Covered | By Type, By Application, By Distribution Channel, By Region |
| Cotton Towel Market Growth Drivers | Growing Demand from the Hospitality Sector to Boost Market Expansion |
| Increasing Awareness about Health and Hygiene to Expand Product Demand |
Fortune Business Insights™ lists out all the cotton towel market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Utopia Deals (U.S.)
- Grund America (S.)
- Dunroven House (S.)
- Orahome (S)
- Iris Hantverk…
