Demand for wipes in the U.S. is forecast to rise 3.9% percent per year to $2.3 billion in 2013, according to a new study from The Freedonia Group, Inc., a Cleveland-based market research firm.
Wipes will continue to benefit from features such as ease-of-use, disposability, portability and reduced risk of cross-contamination. However, growth will decelerate from the rates achieved during the 2003 to 2008 period, due to slower economic growth, increasing market maturity and a shift in preferences to more environmentally friendly consumer goods and cleaning methods.
According to Freedonia, convenience and innovation will remain driving forces in the consumer market, with household cleaning, hand and body and a number of other, small volume consumer wipes projected to register the strongest growth.
Though baby wipes will remain the top selling type of wipe, demand for these products will continue to suffer due to market maturity and continued replacement by newer, task-specific wipes in non-diaper applications where baby wipes once enjoyed considerable popularity.
Growth in household care wipes will be propelled by the appeal of one-step, disposable wipes that provide a quick and convenient format for household cleaning chores. However, wipes that do not provide the cost and convenience benefits demanded by consumers are expected to drop out of the market.
Following the lead of the consumer market, new product innovations and expanding applications will drive demand for wipes in the industrial market. Manufacturing and health care will remain the largest segment, with special purpose products such as clean room and surface preparation wipes and personal bathing wipes projected to see the fastest growth.
More info: www.freedoniagroup.com