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Cotton Buds Market projected to grow with a CAGR of 3.4% from 2018 to 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

The global cotton buds market accounted for 543.75 Bn units in 2017 growing with a CAGR of 3.4% during the forecast period from 2018 to 2026. Factors such as rising population, increasing hygiene awareness, and increasing per capita expenditure of consumers identified as major drivers in the market. However, factors such as increasing awareness on disadvantages of using cotton buds for ear cleaning coupled with rising concern over mitigating marine plastic waste in Europe especially, expected to hamper the overall market growth. Used cotton buds with plastic spindle are disposed in the toilets that escape through sewage and mix with water bodies making cotton buds as the most pervasive forms of marine pollution, motivating manufacturers to switch from plastic cotton buds to rolled paper cotton buds. For instance, Jhonson & Jhonson, a leading manufacturer of cotton buds is transitioning from plastic to rolled paper cotton buds in half of the world to support the on-going movement against plastic cotton buds in Europe.

Rolled paper and extruded plastics also made their way into the market where rolled paper contained heavy paper gauge over which the cotton swab was rolled. Plastic (extruded ones) gained immense popularity in comparison to rolled paper and wood. In the extruded plastic stick, an extra protective plastic cap can be fixed on the other end of spindle, under the cotton coating. This acts like a cushioning element and protects the stick tip’s possible protrusion that can damage the rolled cotton swab. Factors affecting growth are high rate of urbanization, increasing number of outlet channels and easy availability of product. Furthermore, the manufacturers are diversifying their product range from adult-centric to baby-infant-children centric that helps in growth of sales. The potential side effects of traditional plastic cotton buds have contributed to rise in demand for organic products. Several manufacturers have already introduced environment friendly cotton buds manufactured from chemical free organic cotton and rolled paper as spindle. Rising environmental concerns, consumer shift towards natural products, and risk associated with the chemically synthesized cotton buds has given rise to the demand for 100% organic cotton buds across the globe.

Manufacturers of cotton buds are mostly located in regions where labor is cheap and raw materials such as birch wood, paper, and plastics are readily available. Therefore, countries such as China, Japan, and U.S. is the manufacturing hub for cotton buds. Based on geography, North America held a significant share in the cotton buds market in 2017. On the other Asia-Pacific is projected to be the fastest growing region throughout the forecast period. Developing economies are equipped with low cost of labor and raw material availability that eventually paves the way for manufacturing opportunities. Apart from being captive centers for the developed economies, the developing economies bring in major bi-lateral trade and human capital exchange. India, China, Brazil, Nigeria, Angola, and Mexico amongst others provide low capital expenditure cotton bud manufacturing centers that can also be treated as export hubs for the developed nations like U.K., Japan, and U.S. amongst others. China, India, Bangladesh, Indonesia often provide attractive opportunities to the major players of cotton buds market to set up manufacturing stations. Considering the FDI (Foreign Direct Investments) from developing economies, the Foreign Investor Institutions (FII) often develop strategic bilateral relations which can help prosper the needy nations.

Key market players in the global automotive refinish coating market include Jhonson & Jhonson, Unilever Ltd., Chicco, Helenvita, Becutan, NUK, Sanyo, Pigeon and Tulip.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Cotton Buds contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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