PUNE, India, Nov. 01, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights™, the Cotton towels market Size was valued at $3.86 billion in 2021 and is projected to reach a valuation of $4.05 billion in 2022. The market is expected to reach USD 5.98 billion by 2029 at a CAGR of 5.72% over the forecast period. Increasing demand for towels from various end-users such as hotels, health clubs, and hospitals is expected to drive the market growth. The recent surge in the textile industry has made consumers more aware of the appearance of their home, which is expected to drive the market rate. The shift towards luxury products should support the market development. Fortune Business Insights™ shares this information in his report entitled “Cotton Towel Market, 2022-2029.“
Effects of COVID-19:
Stopping tourism activities impacted market growth
Due to the COVID-19 pandemic, stores have been forced to close their stores due to various restrictions and lockdowns, resulting in a loss in the market. The cessation of tourism activities led to a decline in market growth.
Get a sample copy of the research report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/cotton-towel-market-103847
cotton towel market Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 5.72% |
| Value prognosis 2029 | $5.98 billion |
| base year | 2021 |
| Cotton Towel Market Size in 2021 | $3.86 billion |
| Historical data | 2018-2020 |
| number of pages | 154 |
| Covered Segments | By type, by application, by distribution channel, by region |
| Cotton Towel Market Growth Drivers | Growing demand from the hospitality industry to fuel market expansion |
| Raising awareness of health and hygiene to expand product demand |
Fortune Business Insights™ lists all Cotton Towel Market companies that are currently striving to reduce the impact of the Covid-19 pandemic on the market:
- Utopia Offerings (USA)
- Reason America (S.)
- Dunroven House (S.)
- Orahome (S)
- Iris Hantverk (Sweden)
- The DMC Corporation (France)
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