Global Cotton Towel Market Size, Share, and COVID-19 Impact Analysis, By Type (Turkish, Egyptian, Pima, and Blended), By Application (Households, Commercial), By Distribution Channel (Online, Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Consumer Goods

RELEASE DATE Feb 2024
REPORT ID SI3650
PAGES 200
REPORT FORMAT PathSoft

Global Cotton Towel Market Insights Forecasts to 2032

  • The Global Cotton Towel Market Size was valued at USD 4.03 Billion in 2023.
  • The Market Size is Growing at a CAGR of 5.9% from 2023 to 2033.
  • The Worldwide Cotton Towel Market Size is expected to reach USD 7.16 Billion By 2033.
  • North America is expected to grow the fastest during the forecast period.

Global Cotton Towel Market

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The Global Cotton Towel Market size is anticipated to exceed USD 7.16 Billion by 2033, growing at a CAGR of 5.9% from 2023 to 2033. Factors driving the Cotton Towel industry include technological advancements in Cotton Towel, expansion of MRO services, and a decrease in the cost of composite materials.       

 

Market Overview

Cotton towels are widely used for personal care, hygiene, and other purposes in households, hotels, spas, and various institutional sectors. The cotton towel market is a part of the broader textiles and apparel industry. Various end users demand premium-quality towels therefore this surge of demand is responsible for the growth of the global towel market in recent years. From household purposes to commercial purposes cotton towel demand is upscaling with changing lifestyles. In commercial sectors like well-known hotels, spas, and fitness centers where premium quality cotton towels with well-known brand names were used at a huge rate. Moreover, consumers passionate about fitness prefer such a cotton towel during workouts in well-established gyms. The consumers were looking for comfort and soft fabric in towels that are specially crafted for different applications. Therefore, well-known gyms, hotels, and spas stand out in the first place and fuel the growth of the cotton towel market globally. Furthermore, during the forecast period, the growing demand for towels from colleges and schools is anticipated to support market growth. Many educational institutions are expanding their campus facilities, including gymnasiums, sports complexes, and dormitories. These expansions often lead to an increased need for towels in areas such as sports facilities, fitness centers, and dormitory bathrooms.

 

Report Coverage

This research report categorizes the market for the global cotton towel market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global cotton towel market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global cotton towel market.

 

Global Cotton Towel Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 4.03 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:5.9%
2033 Value Projection:USD 7.16 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Type, By Application, By Distribution Channel, By Region
Companies Covered:Grund America, Luxome, Dunroven House, Welspun India Limited, Utopia Deals, Orahome, Mianrou Family, Trident Limited, Springs Global US, Inc., 1888 Mills, LLC, Standard Textile Co., Inc., Suzuran Medical, Jianghe Group, Shiseido, Good boy, Jeliya, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

The hospitality and tourism sector is a major driver for the demand in the cotton towel market. Hotels, resorts, and other accommodations regularly purchase bulk quantities of towels for their guests. Therefore, growth of hospital industry and tourism is directly proportional to the growth of global cotton towel market. Consumer preferences and trends play a significant role in shaping the cotton towel market. Changes in lifestyle, fashion, and the growing awareness of eco-friendly products can influence the demand for certain types of cotton towels. Innovations in manufacturing technologies and design aesthetics can boost the cotton towel market. Advanced weaving techniques, improved absorbency, and unique designs or patterns can attract consumers looking for high-quality and aesthetically pleasing towels.

 

Restraining Factors

International trade policies and regulations can affect the cost of importing and exporting cotton towels. The change in trade policies and regulations can restrict market dynamics for manufacturers and distributors which must hamper the market growth for cotton towels. In addition, consumers will shift their interest towards different alternative products like luxury towels made from other materials that may hamper the demand for traditional cotton towels. Fluctuations in cotton prices can impact the overall production cost of cotton towels. Higher raw material costs can lead to increased prices for end consumers, potentially affecting demand.

 

Market Segmentation

The global cotton towel market share is classified into application, type, and distribution channel.

  • The egyptian segment is expected to grow at the highest pace in the global cotton towel market during the forecast period.

Based on type, the global cotton towel market is divided into turkish, egyptian, pima, and blended. Among these, the egyptian segment is expected to hold the largest share of the cotton towel market during the forecast period. Egyptian cotton has an extremely absorbent quality, which makes the bath towels and robes made of it thick, ultra-soft, and fluffy. Egyptian cotton fibers are finer and longer than regular traditional cotton resulting in an ultra-soft and luxurious feel to increase the pleasure for consumers. In addition to this due to longer fibers Egyptian towels have good absorbency which allows towels to absorb moisture quickly and effectively while keeping users dry.

 

  • The households segment is expected to grow at the fastest pace in the global cotton towel market during the forecast period.

Based on application, the global cotton towel market is divided into households and commercial. Among these, the households segment is expected to hold the largest share of the cotton towel market during the forecast period. Cotton towels serve various functions, such as being used for bathing, utilized in kitchens, and utilized for swimming and other water-related activities. Cotton, known for its breathability, enables cotton towels to efficiently absorb moisture upon direct contact, enhancing their durability. This quality has resulted in a growing demand for cotton towels in households. The increasing trend of aesthetically appealing cotton towels that complement various decor styles and cater to user preferences is contributing significantly to the expanding market for these towels.

 

  • The offline segment is expected to hold the largest share of the global cotton towel market during the forecast period.

Based on distribution channel, the global cotton towel market is divided into online and offline. Among these, the offline segment is expected to hold the largest share of the cotton towel market during the forecast period. Customers can physically touch and feel the quality of cotton towels, helping them make informed purchasing decisions based on texture, thickness, and overall feel. In addition, consumers can purchase and take the product home immediately, avoiding the wait associated with online shipping. Retailers can adapt their product offerings based on local preferences and demand, leading to a more tailored assortment. To fulfill the rising demand for home textile products, leading retailers in the textile industry are also pushing their entry into the retail sector.

 

Regional Segment Analysis of the Global Cotton Towel Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global cotton towel market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global Cotton Towel market over the predicted timeframe. The continuous trend of urbanization depicts vibrant cities and growing households, each requiring a variety of cotton towels for their everyday needs. Increased attention to hygiene practices encourages a preference for cotton towels that are naturally hygienic and easy to launder. Driven by China, the market exhibits notable consumer preferences for high-end and premium-quality textile products. Moreover, the continual emergence of small-scale textile manufacturers, offering products at affordable prices, significantly contributes to the increased consumption of these towels in Asian countries like China, India, Japan, Indonesia, and others. The region is anticipated to experience market growth as a result of increasing favor towards luxury items and premium textiles. China stands out as a prominent player in this context, driven by the rise of small-scale textile manufacturers offering cost-effective solutions, thereby contributing to the overall development of the market.

 

North America is expected to grow at the fastest pace in the global Cotton Towel market during the forecast period. Cotton towels are in great demand as components of upscale home textiles, driven by elevated living standards and increased purchasing power. Additionally, the rising number of producers and vendors in the region has led to a greater diversity and convenient accessibility of premium luxury home textiles. Consumers in North America are increasingly inclined towards sustainable and eco-friendly products. Towels made from organic or recycled cotton may see an uptick in demand.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global cotton towel along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Grund America
  • Luxome
  • Dunroven House
  • Welspun India Limited
  • Utopia Deals
  • Orahome
  • Mianrou Family
  • Trident Limited
  • Springs Global US, Inc.
  • 1888 Mills, LLC
  • Standard Textile Co., Inc.
  • Suzuran Medical
  • Jianghe Group
  • Shiseido
  • Good boy
  • Jeliya
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In September 2023, Welspun, one of the prominent home textile manufacturers in India, launched a national 3D campaign for its quick dry towels with the tagline of ‘Jaldi Sukhe, Jaldi Sukhaye.’ This range of quick-dry towels is made of 100% cotton and has color-lock technology to avoid color fading. The idea behind the campaign was to attract new-age consumers who are seeking quick cures, even in home textiles and accessories.

 

  • In December 2022, in light of the increasing emphasis on self-care among Americans and their desire to create a peaceful haven at home, there is a prime opportunity to enhance bathroom essentials as the new year begins. After two years, experts recommend considering an upgrade to new towels for improved absorbency and softness. Luxome, a rapidly expanding direct-to-consumer brand specializing in bedding and comfort, is venturing into the bath category with two distinct towel collections – Plush Performance and Spa. These new offerings stand out in the market, incorporating patented technology, premium quality, and luxurious materials to provide an unparalleled level of comfort and an efficient drying experience.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Cotton Towel Market based on the below-mentioned segments: 

 

Global Cotton Towel Market, By Type

  • Turkish
  • Egyptian
  • Pima
  • Blended

 

Global Cotton Towel Market, By Application

  • Households
  • Commercial

 

Global Cotton Towel Market, By Distribution Channel

  • Online
  • Offline

 

Global Cotton Towel Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. Which region holds the largest share of the global Cotton Towel market?
    North America is anticipated to hold the largest share of the global Cotton Towel market over the predicted timeframe.
  • 2. What is the market growth rate of the global Cotton Towel market?
    The market size is growing at a CAGR of 5.9% from 2023 to 2033.
  • 3. What is the market size of the global Cotton Towel market?
    The global Cotton Towel market is expected to grow from USD 4.03 Billion in 2023 to USD 7.16 Billion by 2033, during the forecast period 2023-2033.
  • 4. Which are the key companies that are currently operating within global Cotton Towel market?
    Grund America, Luxome, Dunroven House, Welspun India Limited, Utopia Deals, Orahome, Mianrou Family, Trident Limited, Springs Global US, Inc., 1888 Mills, LLC, Standard Textile Co., Inc., Suzuran Medical, Jianghe Group, Shiseido, Good boy, Jeliya, and Others.

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