The Global Towel Dispenser Market valued at US $37.77 Billion in 2022 is anticipated to reach a value of US $123.83 Billion in 2030, growing at CAGR of 16%.
A fold paper towel dispenser is a device that makes it simple to dispense napkins, giving customers a hygienic manner to use the practical item. They can be used manually, by pulling the napkin, or automatically, with sensor integration, by dispensing it. The growing adoption of fold paper towel dispensers as an affordable alternative to pricey hand dryers in public toilets and other end-use industries, such as healthcare, hospitality, and corporate, is propelling the global market's revenue expansion. In the near future, it is anticipated that the development of stainless steel roll, C-fold, and multi-fold paper towel dispensers with integrated trash cans and automatic dispensing will open up new prospects for market revenue growth.
Smart paper towel dispenser adoption is anticipated to expand as a result of government initiatives in emerging nations to ensure good cleanliness in public spaces and rising healthcare investment. Additionally, increasing applications of sensor technology, the Internet of Things (IoT), and gesture control in dispensers, as well as the quality enhancement of essential machine parts, are all considerably boosting market revenue development.
The COVID-19 pandemic outbreak has made it even more crucial to keep residential areas clean in order to stop the transmission of infectious diseases. During the projected period, this is anticipated to raise demand for fold paper towel dispensers and promote market revenue growth.
What are the growth determinants of this market?
Automatic or touchless dispensers have witnessed a significant rise in demand. This can majorly be contributed to the growing trend of smart restroom technology.
Most households in developed economies are likely to adopt and opt for increasingly advanced hygienic services due to high disposable incomes.
Paper towel dispensers are majorly used in a wide range of end-users’ segments such as hospitality, healthcare, commercial, residential, and government agencies.
These products play a vital role in maintaining the hygiene of highly touched surfaces. The market has undergone several changes in terms of quality standards and other crucial innovative advancements.
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Key Trends of Global Fold Paper Towel Dispenser Market:
- Availability of large papers are minimizing contamination
Large center-pull towels having capacity to clean hands completely coming in which dispenses towels one-at-a-time helps to reduce waste and cross-contamination. The center-pull dispensing mechanism is ideal for high traffic restrooms. It can be mounted or hung sideways, upside down, and right side up to accommodate different spaces. Paper towel dispensers take very less space to be fixed and can be used in kitchens and for personal use as well. This is leading to high customer demand for paper towel dispensers globally.
- High usage at commercial places
The paper towel market is expanding in the hospitality sector which involves hotels and restaurants. Consumers want a clean and hassle free stay which is ensured by the use of paper towels. Paper towel dispensers offer a touchless solution and minimizes the risk of diseases such as Covid-19 and ensures a healthy stay at hotels and eating out at restaurants.
Segmental Analysis of Global Fold Paper Towel Dispenser Market:
Based on Type
- Surface Mounted
- Counter Top
Based on Mechanism
- Manual
- Automatic
The automatic segment is poised to amass notable gains over the stipulated timeframe due to its ease of use.
Based on Material
- Stainless Steel
- Plastic
- Others (Alloys etc.)
The stainless steel segment is anticipated to generate high returns by 2030 owing to its eco-friendly nature.
Based on Price Range
- Low
- Medium
- High
Based on End-use
- Residential
- Commercial
- Hotels
- Restaurants Cafes
- Hospitals Nursing Homes
- Corporate Offices
- Public Transport Facilities
- Shopping Malls
- Others (Auditorium Theaters etc.)
Based on Distribution Channel
- Online
- Company-owned Website
- E-commerce Websites
- Offline
- Specialty Stores
- Hypermarket or Supermarket
- Others
Geographical Analysis of Global Fold Paper Towel Dispenser Market:
The Global Paper Towel Dispenser Market is further segmented into five major countries- North America, Asia-pacific, Europe, Latin America, Middle East and Africa.
North America accounted for major share of the global paper towel dispenser market due to substantial manufacturing of eco-friendly paper towel dispensers, their highly durable and easy to clean properties, easy online availability, usage of high quality material such as steel, and a mechanism to prevent dust from going inside paper towel dispensers.
Competitive Landscape:
Kimberly-Clark Corporation, Bobrick Washroom Equipment, San Jamar, American Specialties, Palmer Fixture, Dolphin Solutions, Cascades, Jaquar,Kohler Co. and Euronics Industries Pvt. Ltd.
The rapidly changing technological scenario can adversely affect vendors as customers expect continual innovations and upgrades in the domain. With increasing innovations among players, the competition is likely to increase in various product segments.
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Frequently Asked Questions
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