DUBLIN--(BUSINESS WIRE)--The "Global Bath Towel Market Size By Product, By Application, By Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering.
The global bath towel market was valued at USD 4,859.03 Million in 2020 and is projected to reach USD 7,852.46 Million by 2028, growing at a CAGR of 6.37% from 2021 to 2028.
The Bath Towel Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Bath Towel Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
The expansion of the hospitality sector is a main driver of the global bath towels market. The rising demand for high-quality bath towels from the thriving hospitality industry has accelerated the growth of the global bath towel market.
The Global Bath Towel Market is segmented on the basis of Product, Application, and Geography.
Market Dynamics
Drivers
- Expansion of the Hospitality and Gym Industry
- Increasing Demand for Bath Towels Made Up of Organic Fabric
Restraints
- Rise in Labor Cost
Opportunities
- Increase in Disposable Income in Developing Economies and Rapidly Expanding E-Commerce Industry
- Increasing Awareness About Hygiene Across the World
Companies Profiled
- Welspun
- Westpoint Home
- Trident Group
- Sunvim
- Springs Global
- Loftex
- Grace Towel Co. Ltd.
- 1888 Mills
- Sanli
- Venus Group
- Uchino Co. Ltd.
- Noman Group
- Avanti Linens
- Kingshore
- Alok Industries Limited
- Elsatex Ltd
- Iris Hantverk
- J.R. United
- Crane & Canopy
- Peacock Alley
- Jiangsu Canasin Weaving Co Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/m65sx