The global handkerchief market size is predicted to register impeccable growth in the forthcoming years. Handkerchiefs are commonly used by people for hygiene purposes and also for decoration purposes in festive events and weddings. They are available in several colors and sizes globally. The rising product demand due to the increasing numbers of restaurant chains is anticipated to augment market growth. Fortune Business InsightsTM has presented this information in its upcoming report titled, “Handkerchief Market, 2022-2029”. The increasing consumer awareness of maintaining cleanliness and personal hygiene is expected to strengthen the market expansion significantly.
Get a Free Sample Research Report PDF: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/handkerchief-market-106229
Segmentation-
On the basis of material type, the market is divided into silk, cotton, and others. On the basis of end-user, the market is trifurcated into kids, women, and men. On the basis of distribution channel, the market is bifurcated into offline and online. Geographically, the market is classified into South America, Asia Pacific, Europe, North America, and the Middle East & Africa.
Report Coverage-
- It includes information on vital growth opportunities in the market.
- It covers an analysis of the COVID-19 pandemic’s impact on the market.
- It offers information on various market segment and sub-segments. It covers information on the key strategies adopted by major market players to garner growth and uptick their market positions.
- It assesses the factors driving and restraining the market’s expansion.
List of Key Market Players-
- Kruger Inc.
- Georgia-Pacific LLC
- Sofidel Group
- C&S Paper Co.
- Svenska Cellulosa AB
- Vinda International Holdings Limited
- WEPA Group
- Hengan Group
- Kimberly-Clark Corporation
- Procter & Gamble Company
Drivers & Restraints-
Increasing Numbers of Restaurant Chains to Fuel Market Expansion
The rising consumer awareness towards cleanliness and hygiene is likely to be the major factor boosting the global handkerchief market growth. They can be used to dry hands before and after meals or clean dirt and wipe sweat from body and face. These factors surge handkerchief adoption amongst individuals who prefer maintaining hygiene and freshness. Restaurant chains highly demand handkerchiefs and the rising numbers of restaurant chains are expected to boost the market growth in the coming years. Further, handkerchiefs are used as gift-giving items on formal occasions and birthdays. The transforming gifting trends are likely to create lucrative growth opportunities for the market players.
However, skin rash cases from low-quality products may hamper market growth during the forecast period.
Regional Insights-
Asia Pacific to Exhibit Highest Growth Due to Presence of Major Market Players
Asia Pacific is predicted to bestride the global handkerchief market growth during the forecast period. The presence of major companies including Motta Handkerchiefs, Blooming Nakanishi, and Kamawanu in India, China, and South Korea is anticipated to foster market growth in the region. Furthermore, the high imports of textile items in Japan are expected to complement market growth in Asia Pacific. The growing popularity of western-style silk and cotton-based hankies amongst Japanese consumers is likely to flourish in market growth in Asia Pacific.
North America is anticipated to garner immense growth in the coming years. The evolving fashion trends, coupled with the launch of custom-tailored hankies to cater to the rising customized apparels demand is expected to boost market growth in North America.
Competitive Landscape-
Key Players Introduce New Products to Attract Market Growth
The major market players adopt ingenious strategies, including expansions, acquisitions, contracts, mergers, partnerships, collaborations, and others, to magnify their global reach. They conduct extensive research and development activities to launch new products. For instance, Cartiere Carrara acquired Carind SRL and CRC SRL in January 2020 to expand its global presence in the sanitary products industry.
Key Industry Developments-
- April 2021: Gapet, a custom-tailored handkerchied was launched by Adi Banne Women Wing in Arunachal Pradesh to revive traditional attire
Browse Detailed Research Report Summary: https://www.fortunebusinessinsights.com/handkerchief-market-106229
