Kitchen Towel Market Growing at 6.1% CAGR to 2019, Globally

Aug 12, 2015, 06:30 ET from RnR Market Research

CHICAGO, August 12, 2015 /PRNewswire/ --

Dominated by The Americas in 2014, global kitchen towel market is forecast to show a steady growth of 6.1% CAGR to 2019. In 2014, APAC showed the fastest growth rate for kitchen towels segment despite the dominance of the Americas.

Complete report on kitchen towel market spread across 65 pages, profiling 5 major companies, highlighting US, UK and China as key leading countries and supported with 25 data exhibits is now available at http://www.rnrmarketresearch.com/global-kitchen-towel-market-opportunities-and-challenges-2015-2019-market-report.html .

RnRMarketResearch.com adds Global Kitchen Towel Market Opportunities and Challenges 2015-2019 research report to the household products category within the consumer goods section of its online research library. The intensification of aesthetic features and quality of materials have led to a quest for home care products, including kitchen towels, dish cloths, and tea towels. To calculate the kitchen towel market size, the report considers revenue generated from the sales of kitchen towels. The report covers the present scenario and the growth prospects of the global kitchen towel market for the period 2015-2019.

Commenting on this 2015 kitchen towel market report, an analyst said, "One major trend in this market is the increase in use of kitchen towel for aesthetic purpose. Increasing purchasing power has supported demand for high quality and premium brands. New designs, including hand-knitted or crocheted towels are rising in popularity." According to this research, one key driver of this kitchen towel market is the increase in urban population. According to the WHO, the urban population in 2014 accounted for 54% of the total global population, up from 34% in 1960. Due to a rise in double-income urban households, the purchasing power of consumers is increasing, making previously expensive home care products more affordable.

Further, the report states that one of the major challenges is Inflation in cost of raw material. Many vendors use cellulose fiber, in the form of kraft pulp or fiber recycled from recovered waste paper, for making paper-based towels. Market forces like demand and supply of raw materials affect cost, which when combined with energy and transportation costs, impact selling prices. Commenting on the report, an analyst said, "One major trend in this market is the increase in use of kitchen towel for aesthetic purpose. Increasing purchasing power has supported demand for high quality and premium brands. New designs, including hand-knitted or crocheted towels are rising in popularity. "

According to the report, one key driver of this market is the increase in urban population. According to the WHO, the urban population in 2014 accounted for 54% of the total global population, up from 34% in 1960. Due to a rise in double-income urban households, the purchasing power of consumers is increasing, making previously expensive home care products more affordable.

Further, the report states that one of the major challenges is Inflation in cost of raw material. Many vendors use cellulose fiber, in the form of kraft pulp or fiber recycled from recovered waste paper, for making paper-based towels. Market forces like demand and supply of raw materials affect cost, which when combined with energy and transportation costs, impact selling prices. The following key companies of the global kitchen towel market, Kimberly-Clark, Koch Industries, P&G, Svenska and Wausau, are discussed in this research. Other prominent vendors simply mentioned in the report are Accrol, Aldar Tissues, Renova, Rodriquez Pty, Towel Depot and wepa. Order a copy of Global Kitchen Towel Market Opportunities and Challenges 2015-2019 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=402241 .

The report, Global Kitchen Towel Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the market and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key questions that can be answered by reading this research include what will the market size be in 2019 and what will the growth rate be? What are the key kitchen towel market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors in the kitchen towel market?

For the household products market within the consumer goods category, RnRMarketResearch.com has multiple newly published as well as relevant research titles:

Household Consumer Durables World Report: Products and markets covered in this research include consumer electronics, household appliances and household furniture. All significant products are covered for Over 200 Countries spread across 2070 Pages, 10065 Spreadsheets, 9627 Database Tables as well as 510 Diagrams and Maps. This Database Is Updated Monthly. 12 Months Full After-Sales Services & Updates are available from the Publishers. Read more at http://www.rnrmarketresearch.com/household-consumer-durables-world-report-market-report.html .

Household Products - Global Industry Almanac: The global household products market had total revenues of $177,577.7m in 2013, representing a compound annual growth rate (CAGR) of 3.4% between 2009 and 2013. The paper products segment was the market's most lucrative in 2013, with total revenues of $59,960.1m, equivalent to 33.8% of the market's overall value. The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 3.3% for the five-year period 2013 - 2018, which is expected to drive the market to a value of $208,685.6m by the end of 2018. Leading company profiles reveal details of key household products market players' global operations and financial performance. Complete report is available at http://www.rnrmarketresearch.com/household-products-global-industry-almanac-market-report.html .

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