07 June 2019, Global cotton bud market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A cotton bud is also termed as “cotton swabs” that comprise one or two small wads of cotton wrapped around one or both ends of a short rod made of plastic, wood, or rolled paper. It is exclusively used in cosmetics application, cleaning, medical settings, and crafts and arts. They are very absorbent, so used in conjunction with a cleaning solution to clean components or remove epoxies. They are available from lint-free and low-lint to double-header.
The factors that are playing a major role in the growth of the market are the easy availability, cost-efficient, the rising awareness regarding hygiene, and the growing population. However, the rising awareness regarding the adverse effects of using cotton buds for cleaning ears may restrain the overall market growth in the years to come. Cotton bud market is segmented based on material type, application, distribution channel, and region.
Extruded plastics, wood, rolled paper, and other material types could be explored in the market in the forecast period. The market could be categorized based on applications like auxiliary nursing, sanitary, babies, cosmetic, commercial use, and others that could be explored in the cotton bud in the forecast period. The baby’s application accounted for the substantial market share of a cotton bud and is estimated to lead the overall market in the years to come.
Based on the distribution channel, hypermarket & supermarket, retail stores, online channels, cosmetic stores, and others could classify the market in the forecast period. The hypermarket & supermarket sector accounted for the substantial market share of a cotton bud market and is estimated to lead the overall market in the years to come. The reason could be the easy availability of product from baby-infant-children centric to adult-centric.
Globally, North America accounted for the substantial market share of a cotton bud industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of multiple channels, the growing demand for organic cotton buds, the presence of key manufacturers in the region, and the high capacity of expenditure. The United States is a major consumer of cotton bud in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of cotton bud in this region. The key players of the cotton bud market are Alkaloid, Jhonson & Jhonson’s, Helenvita, Chicco, Tulip, Unilever, Pigeon, Becutan, and Sanyo. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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