Cotton Buds Market Value Is Estimated to Reach USD 747.16 BN By 2028, With 3.2% CAGR Credence Research – Digital Journal

The key players in the global cotton buds market in terms of value and volume include Johnson and Johnson, Chicco, Becutan, Sanyo, Unilever, Helenvita, and NUK.

The latest market report published by Credence Research, Inc.Global Cotton Buds Market: Growth, Future Prospects, and Competitive Analysis, 2016 2028.TheGlobal Cotton Buds Market generated revenue of around USD 618.5 billion in 2021 and is anticipated to grow a CAGR of over 3.2% during the forecast period from 2022 to 2028 to reach around USD 747.16 billion in 2028. While cumulative growth opportunity presented by the global cotton buds is around USD 128.66 billion from 2022 to 2028.

Over the last few decades, there has been a significant increase in the change in lifestyle and hygiene products. Cotton buds are small wads of cotton wool on a thin stick that are used for cosmetics or cleaning the ears. Changes in lifestyle, hygiene, increased earnings, and product awareness are some of the key factors driving the rise in cotton bud demand. This products primary applications include cleaning ear wax, crafts and arts, first aid, cosmetics applications, and so on. The increasing demand for hygiene products to maintain freshness and cleanliness is one of the markets key drivers. Cotton buds are also known as cotton swabs, but they are widely used and widely available by consumers worldwide. Cotton buds have advantages such as being easy to use, disposable, not harmful to the body, and cleaning effectively, as well as disadvantages in some cases if the bud sticks loosely. As a result of the pandemic, the market has grown over a year. As there is demand for products in a variety of sectors, the market will expand significantly.

Cotton Buds Market Scope

Report Attribute

Details

Market Value in 2021

USD 618.5 billion

Market Value in 2028

USD 747.16 billion

CAGR

3.2%

Benchmarking Year

2021

Past data

2016 2021

Forecast period

2022 2028

The global cotton buds market is bifurcated into material, application, and geography. Based on material, the market is categorized into wood, rolled paper, and extruded plastics. Based on application, the global market is segmented into domestic use, commercial use, and medical use. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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In 2021, extruded plastics accounted for the major market volume and is projected to maintain its dominance throughout the forecast period. Extruded plastic-based cotton swabs have low non-volatile residue (NVR), low particle shedding, and are also chemically resistant. Cotton swabs with the spindle of extruded plastics is used for high recovery in cases where the total organic carbon measurements are employed as an analytical technique. Stringent legislation over the manufacture and sale of plastic-stemmed cotton swabs as a move by the British Government during the ongoing The Cotton Bud project has prompted manufacturers to transition towards viable alternatives such as paper and wood. Apart from this, major retail chains such as Sainsbury, Waitrose and Tesco have committed to the removal of their private labels from their shelves to support the ongoing movement against plastic waste.

Domestic use segment to record highest CAGR during the forecast period

In 2021, domestic use dominated the cotton buds application market by volume in 2021 and is expected to maintain its dominance throughout the forecast period. Babys skin have diverse features from an adult and therefore requires special care and attention. The baby domestic application segment is projected to grow with a significant CAGR throughout the forecast period. Emerging applications of cotton buds in face paint detailing such as in marking patterns including dots, thin lines and even blending, is another factor stimulating the market growth. Cotton buds are perfect hygienic tools for applying antiseptics and precise cleaning of minor cuts and scrapes. Because of the ability to change the shape of the tip for various applications, cotton buds are extensively desired for cosmetic applications. In medical applications, cotton buds reach areas and crevices that are not possible by conventional methods. Therefore, swab sampling is considered as the most widely used cleaning validation technique. Rising applications of cotton buds in the field of forensics and human genetics for collecting DNA samples by scraping cells from the inner cheek of humans is another significant factor for the market growth.

Rapid demand for cotton buds in North America is projected to catapult the market growth.

North America accounted for the largest share of the cotton buds market. Multiple channels for the sale of cotton buds worldwide is one of the major factor fueling its growth. The U.S. is the second largest producer of cotton bales worldwide after China. Organic cotton usage in buds manufacture is one of the latest inputs from the cotton industry in the U.S. to introduce insecticide/pesticide-free cotton buds in the market. Spending capacity and easy availability of the product across various modes of retail channels are dominant reasons for the high growth of this market in North America. Also, the presence of major manufacturing companies in Canada has boosted the sales of cotton buds in the country.

Unilever is one of the promising players in the cotton buds market.

Unilever is one of the global leaders in packaged consumer goods such as personal care products, frozen foods, tea, etc. In August 2015, Unilever expanded its Q-tips line of products by launching a multi-function electric ear swab. This three-speed vibrating cotton tip is useful for separating up persistent earwax buildup and everyday cleaning. This expansion will help Unilever expand its product portfolio, strengtheningn its market position by theincreasingd local production capacity of electric ear swabs. Other major players operating in the market include Jhonson & Jhonsons, Chicco, Helenvita, and Alkaloid, among others.

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Table Of Content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I Secondary Research

1.3.2. Phase II Primary Research

1.3.3. Phase III Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Cotton Buds Market

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Cotton Buds Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2021

3.3.1. Type

3.3.2. Application

3.3.3. Geography

3.4. Porters Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2021

4.1. Company market share of key players, 2021

4.2. Top 6 Players

4.3. Top 3 Players

4.4. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Cotton Buds Market Pre Vs Post COVID 19, 2019 2028

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Cotton Buds Market, by Country, 2016-2028(US$ Bn)

6.1.1. U.S.

6.1.2. Canada

6.1.3. Mexico

6.2. North America Cotton Buds Market, by Type, 2016-2028(US$ Bn)

6.2.1. Overview

6.2.2. Wood

6.2.3. Rolled Paper

6.2.4. Extruded Plastics

6.2.5. Others

6.3. North America Cotton Buds Market, by Application, 2016-2028(US$ Bn)

6.3.1. Overview

6.3.2. Domestic Use

6.3.3. Commercial Use

6.3.4. Medical Use

6.3.5. Others

7. Europe

..

8. Asia Pacific

..

9. Latin America

..

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Cotton Buds Market Value Is Estimated to Reach USD 747.16 BN By 2028, With 3.2% CAGR Credence Research - Digital Journal