Market Overview:

The global  Musical Instrument Market  size was valued at USD 19.82 billion in 2024. The market is projected to grow from USD 20.94 billion in 2025 to USD 31.97 billion by 2032, exhibiting a CAGR of 6.23% over the forecast period.

The market for musical instruments encompasses a diverse range of tools, such as keyboards, guitars, harps, and cellos, that are crafted to generate sound. These instruments are frequently utilized in concerts, bars, and various events for entertainment. Increasing consumer enthusiasm for music education and the incorporation of advanced technologies into musical equipment to fuel the expansion of the global market.

Fortune Business Insights™ displays this information in a report titled, “Musical Instruments Market, 2025-2032."

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Yamaha Corporation (Japan)
• Roland Corporation (Japan)
• Fender Musical Instruments Corporation (U.S.)
• Kawai Musical Instruments Mfg. Co., Ltd. (Japan)
• Steinway & Sons (U.S.)
• Casio Computer Co., Ltd (Japan)
• F. Martin & Co. Inc. (U.S.)
• Cortek (Cort guitars) (South Korea)
• Eastman Music Company (U.S.)
• Yanagisawa Wind Instruments Co., Ltd. (Japan)

Segmentation:

String Instruments Category Led Supported by their Application Across Various Music Styles

Based on type, the global market is divided into string instruments, keyboards & DJ equipment, recording equipment, percussion instruments, and others. The string instruments category led the market in 2024, supported by their application across various music styles such as jazz, folk, and classical. Additionally, the rising popularity of these instruments in concerts and performances across different countries fuels the growth of this segment.

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Offline Stores Segment to Maintain Largest Share as they Help Customers make Informed Decisions

Based on distribution channels, the global market is bifurcated into online stores and offline stores. The offline stores segment is expected to maintain the largest musical instruments market share in the coming years. These stores usually employ experienced personnel who offer excellent customer service. They help customers make informed decisions, which contributes to segment’s growth.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report has conducted a detailed study of the market and highlighted several critical areas, such as leading types, distributional channels, and key market players. It has also focused on the latest market trends and key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.

Drivers and Restraints:

Rapid Growth of Recorded Music Industry to Drive Market Expansion

The global recorded music industry is witnessing significant growth, which increases the demand for various musical instruments and contributes to the worldwide market expansion. In recent years, there has been a rise in consumer interest in music as an art form that alleviates stress, depression, and anxiety while promoting better mental health. Additionally, music can enhance a listener's mood and help with emotional well-being and quality of sleep. This rising interest in music is driving the expansion of the recorded music market and boosting product sales, which are crucial for music production.

However, variations in the costs of raw materials, influenced by economic and geographic factors, can affect product pricing and the profitability of manufacturers, thereby obstructing musical instruments market growth.

Regional Insights:

Governmental Support and Strong Footprint of Manufacturers to Support Asia Pacific Market Growth

The Asia Pacific region led the global market for musical instruments during the projected years, influenced by factors such as governmental support, the availability of raw materials, and the strong footprint of a variety of manufacturers, including Roland, Yamaha, and Yanagisawa. Additionally, government initiatives aimed at enhancing the quality of music equipment also play a role in regional expansion.

North America accounted for the second position in market share in 2024, driven by the rising interest in different music genres among young people. In the U.S., retailers are focusing on forming partnerships and collaborations to boost growth in this sector.

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Competitive Landscape:

Companies are Collaborating with Event Organizers and other Important Stakeholders to Engage Potential Customers Globally

The top companies are concentrating on innovative features and cutting-edge technology to draw in more clients and increase revenue. The players also collaborate with event organizers and other important stakeholders to engage potential customers on a global scale. Establishing brand stores and improving online visibility is anticipated to create profitable opportunities for growth.

Notable Industry Development:

September 2024:  John Packer Musical Instruments, a Somerset, U.K.-based musical devices company, acquired Taylor Trumpets, a U.K.-based brass musical equipment manufacturer.

Market Overview:

According to Fortune Business Insights Global   Stationery Products Market   size was valued at USD 158.39 billion in 2024. The market is projected to grow from USD 165.87 billion in 2025 to USD 238.46 billion by 2032, exhibiting a CAGR of 5.32% during the forecast period.

Stationery products or items refer to the utility items for daily usage at offices, schools, or homes. The growing number of educational centers and offices across the globe bolsters the demand for the product at a macro level, impelling the market growth.

Fortune Business Insights™   provides this information in its research report, titled   “Stationery Products Market, 2025-2032”.

List of Key Players Mentioned in the Report:

• Faber Castell (Germany)
• Kokuyu Camlin (India)
• 3M (U.S.)
• Rifle Paper Co. (U.S.)
• Reynolds (New Zealand)
• Staedtler (Germany)
• Schwan Stabilo (Germany)
• ITC Classmate (India)
• Navneet (India)
• Muji (Japan)

Segmentation:

Paper Products Segment Dominate Due to Surging Demand for Paper Products

In terms of type, the market is classified into writing instruments, paper products, art & craft, and others. The paper products segment accounts for the largest stationery products market share due to growing demand for paper items across residential applications, schools, offices, and other educational institutes.

Notable Growth in the Number of Households Boosted the Residential Segment Growth

With respect to application, the market is bifurcated into commercial and residential. The residential segment held the largest market share in 2022 due to substantial growth in the number of households across the globe.

Tactile Experience Offered by Offline Shopping to Drive the Segment Growth

On the basis of distribution channel, the market is categorized into online and offline. The offline segment registers the leading market share owing to the tactile experience provided by offline shopping makes it traditional, augmenting the segment growth.

From the regional perspective, the market is classified into South America, the Asia Pacific, Europe, the Middle East & Africa, and North America.

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Report Coverage

The market research report encompasses different factors affecting the growth of the market. In addition, it provides detailed insights into the COVID-19 impact, the latest trends, and the competitive landscape. The report further examines the strategic initiatives deployed by top companies to boost their share.

Drivers and Restraints:

Surging Preference for Eco-Friendly Stationery Products to Escalate the Market Growth

One of the major factors propelling the stationery products market growth is a rise in the preference for eco-friendly items. The market growth rate is being increased by the growing uptake of paper-based products made of sustainable options such as sugarcane and bamboo for daily use.

Despite such growth opportunities, the quick digitalization in colleges and schools may impede the market growth.

Regional Insights:

Asia Pacific to Register Largest Share Due to Growing Number of Educational Institutes

The Asia Pacific market for stationery products is poised to secure the largest share during the forecast period. The rising number of educational institutes in India, Japan, and China is augmenting the regional growth.

North America is anticipated to witness steady growth in the coming years due to the increasing number of art institutes in the region.

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Competitive Landscape:

Market Players Focus on Capacity Expansion Strategies to Enhance Their Market Position

The market shows a fragmented structure, depicting the presence of many large and medium companies across international and domestic markets. The companies are opting for different strategies to stand out from the competition. Some of these strategies include mergers and acquisitions, joint ventures, and others. Several companies are also focusing on capacity expansion strategies to boost their production capacities.

Key Industry Development:

July 2023:  Kokuyu Camlin, a Japanese stationery company, revamped its packaging for stationery items to cater to consumer demand by displaying the excellence of its products through brand-new packaging.

Market Overview:

According to Fortune Business Insights  Global  Enameled Cookware Market  size was valued at USD 1.50 billion in 2024. It is projected to grow from USD 1.59 billion in 2025 to USD 2.62 billion by 2032, exhibiting a CAGR of 7.36% during the forecast period.

Enameled cast iron is used for braising, grilling, simmering, frying, and baking. The cookware made from this cast iron can be used on stovetop, oven, or broiler. Shift of consumers toward energy efficient kitchen appliances is set to become a significant trend. Growth in the traction for smart home appliances is also driving the market growth. This information is provided by  Fortune Business Insights™  in its research report titled “ Enameled Cookware Market, 2023-2030. ”

List of Key Companies Profiled in the Report:

• Le Creuset France SAS (France)
• ZWILLING (Germany)
• Lodge Manufacturing Company (U.S.)
• Tramontina (Brazil)
• Cuisinart (U.S.)
• VERMICULAR (U.S.)
• Camp Chef (Vista Outdoor Inc.) (U.S.)
• Williams-Sonoma Inc. (U.S.)
• Émile Henry Ltd. (U.S.)
• Fissler (U.S.)

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Segments:

Pans Segment to Lead Due to High Versatility

Based on product type, the market for enameled cookware is segmented into pans, pots, ovens, bakery trays, and others. The pans segment leads the market due to its high versatility and variegated size availability. The pans segment is further divided into skillets, frying pans, or pans, are flat-bottomed utensils.

Residential Segment Leads Due to Increasing Preference of Consumer for Modular Kitchens

By application, the market is divided into residential and commercial. Residential segment is set to lead due to growing consumer preference for modular kitchens and spending on home remodeling. 

Offline Segment to Hold Highest Share due to Availability of Various Products Under One Roof

According to distribution channel, the market is segmented into online and offline. Offline segment holds the highest share due to availability of wide range of products under one roof.  

The market is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Report Coverage:

The report gives an insight into the major trends impelling industry expansion over the forthcoming years. It further provides an in-depth analysis of the key factors propelling the business landscape across various regions. Additional insights comprise the key steps taken by major enameled cookware industry participants to strengthen their market presence.

Drivers and Restraints:

Shift toward Energy Efficient Kitchen Appliances to Drive Market Growth

Shift toward energy-efficient kitchen appliances is predicted to drive the enameled cookware market growth. The trend for cooking at home has been on rise as lifestyle decisions and an increased emphasis on health and hygiene is also growing. Reality shows, such as The Great British Bake Off and MasterChef, have also boosted the sale of cookware. The trend of e-commerce is also increasing as people have been purchasing products through these channels.

However, major manufacturers, such as Whirlpool Corporation, Panasonic, and Samsung, are experiencing constraints due to shortage of essential electrical components, which is set to hamper market growth.

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Regional Insights

Europe Held Dominant Market Share due to High Demand for Luxury and Premium Quality Products

Europe held the dominant enameled cookware market share in 2022 due to high demand for luxury and premium quality products in Germany and France. The region’s valuation was USD 575.45 billion in 2022.

The popularity of gourmet food and preference of home-made foods in North America offers prospects for the overall market growth in the region.

Competitive Landscape:

Product Innovations by Key Players to Drive Competition Edge

The market players have been opting for various strategies for gaining competitive edge. Product advancements and product introductions are some of the strategies adopted by the market players. Manufacturers are also presented with the opportunity to innovate and enhance the enameled cookware’s design and functionality. They have been developing the cookware in new shape, colors, and sizes. 

Key Industry Development

April 2023  – Le Creuset introduced Shallot in a lavender/gray hue, bringing a subtle, neutral color pop to kitchens everywhere. Approximately 150 Le Creuset products are made in this new color, including Silicone Trivet, French press, Signature Chef’s Oven & Roaster. The company offers products in a rainbow of colors, from the signature cerise red to nectar yellow and a vintage-looking olive green.

Market Overview:

The global   Kitchen Appliances Market   size was valued at USD 159.29 billion in 2019 and is projected to reach USD 27.94 billion by 2032, expected to grow at a CAGR of 4.60% during the forecast period.

Fortune Business Insights, in its latest report, titled,   “Kitchen Appliances Market Size, Share & By Product Type (Refrigerator, Cooking Appliances, Dishwashers, and others), Application (Residential and Commercial), Distribution Channel (Online and Offline), and Region Forecast, 2020-2027.”,   mentions that the market stood at USD 159.29 billion in 2019 and is likely to showcase considerable growth during the forecast period.

Kitchen appliances are equipment extensively adopted in households for daily cooking needs. These appliances aid in effectively reducing time and efforts that are required during cooking activities. Owing to their compactness and functionality, these appliances are in great demand across the globe.

List of the Companies Profiled in the Global Market:

• Electrolux AB (Stockholm, Sweden)
• The Samsung Group (Seoul, South Korea)
• LG Electronics Inc. (Seoul, South Korea)
• BSH Hausgeräte GmbH (Munich, Germany)
• The Whirlpool Corporation (Michigan, United States)
• Robert Bosch GmbH (Gerlingen, Germany)
• Koninklijke Philips N.V. (Amsterdam, Netherland)
• Miele (Gutersloh, Germany)
• General Electric Company (Massachusetts, United States)
• Haier Group Corporation (Qingdao, China)
• Beko (Istanbul, Turkey)

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What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Increasing Demand for Smart Kitchen Appliances to Augment Growth

The availability of high disposable income and the hectic lifestyle of working professionals is driving the sales of smart kitchen products that aid in effective reduction of time and efforts. In addition to this, the surging electricity bills and the growing demand for sustainable consumer products are propelling the manufacturers to develop energy-efficient kitchen appliances globally. These factors are likely to favor the global kitchen appliances market growth in the forthcoming years.

SEGMENTATION:

Refrigerator Segment Held 37.56% Market Share in 2019

The refrigerator segment, based on product type, held a market share of about 37.56% in 2019 and is projected to showcase exponential growth owing to the increasing demand for innovative refrigerators that aid in increasing the shelf life of food products.

REGIONAL INSIGHTS

Asia-Pacific to Remain at Forefront; Presence of Large Number of Middle-Class Families to Augment Growth

Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the global kitchen appliances market in the forthcoming years. This dominance is attributable to the large presence of middle-class families that propel the sales of kitchen appliances for household purposes in the region.

The market in Europe is anticipated to experience significant growth in the forthcoming years. This is ascribable to factors such as the growing demand for innovative dishwashers in countries such as the U.K., France, and Italy in the region between 2020 and 2027.

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COMPETITIVE LANDSCAPE

Major Companies Focus on Acquiring Other Enterprises to Brighten Their Market Prospects

The global kitchen appliances market is fragmented by the presence of major companies that are focusing on acquiring other companies to expand their kitchen appliances product and further boost their sales revenue. Furthermore, the adoption of strategies such as the introduction of new products, partnership, and collaboration by other key players to gain a major chunk of the share is expected to bode well for the market growth in the forthcoming years.

Industry Development:

In April 2021,  BSH Home Appliances Corporation announced its partnership with Plum for the manufacturing of next-generation kitchen appliances to meet the ever-changing consumers' demand.

Market Overview

According to Fortune Business Insights The global  Hand Sanitizer Market  size was valued at USD 2.93 billion in 2023 and is projected to grow from USD 3.01 billion in 2024 to USD 4.24 billion by 2032, exhibiting a CAGR of 3.80% during the forecast period. 

Hand sanitizer has emerged as a highly popular and widely adopted trend, driven by the growing emphasis on health and hygiene in the face of increasing infectious disease outbreaks. Its rising popularity can be attributed to its time efficiency, powerful antibacterial properties, convenient portability for travel purposes, and gentle impact on the skin.  Fortune Business Insights presents this information in their report titled "North America Hand Sanitizer Market, 2023–2030."

Major Players Profiled in the Report:

• The Clorox Company (U.S.)
• The 3M Company (U.S.)
• Byotrol (U.K.)
• Henkel AG & Co. KGaA (Germany)
• Vi-jon Inc.(U.S.)
• GOJO Industries, Inc. (U.S.)
• Kutol Products Company, Inc. (U.S.)
• The Procter & Gamble Company (U.S.)
• Artnaturals (U.S.)
• Unilever PLC (U.K.) 

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Segments

Wide Dispersion and Efficient Application Sets Gel Segment Apart

Based on product form, the market is divided into gel, spray, foam, and others. With its superior ability to disperse evenly across the entire palm using smaller quantities, the gel segment emerges as the frontrunner, surpassing other segments.

Rising Demand for Alcohol-based Sanitizers due to Unmatched Effectiveness

By type, the market is segmented into alcohol-based sanitizer and alcohol-free sanitizer.
Alcohol-based sanitizers are expected to experience increased demand as they possess unparalleled efficacy in eliminating germs, bacteria, and viruses.

Vital Role of Hand-Sanitizers in Controlling Disease Dominates Hospital Segment

By end-user, the market is divided into schools, restaurants, hospitals, households, office buildings, and others. Hospitals segment is poised to be the prevailing segment, primarily driven by the constant interaction of healthcare professionals, including doctors, nurses, technicians, and others, with patients who are more susceptible to contagious diseases.

From the regional ground, the market is segmented into the U.S., Canada, and Mexico.

Report Coverage:

The report offers: 

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market. 
• Comprehensive insights into regional developments. 
• List of major industry players. 
• Key strategies adopted by the market players. 
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints

Smart Dispensers and Portable Sprays Redefine Hand Sanitization

Manufacturers are leading the way in product innovation by introducing cutting-edge solutions such as smart hand-sanitizer dispensers. These advanced dispensers offer enhanced safety, simplicity, and reduced risk of disease transmission. For instance, Canadian brand Origen has developed a pocket spray hand-sanitizer containing 70% isopropyl alcohol, striking the perfect balance between effectiveness and portability, making it convenient for users to carry it with ease.

However, abundance of alternative products such as liquid hand wash, bar soap, cleansing cream, and various other options pose a restraint on the North America hand sanitizer market growth.

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Country Insights

U.S. Takes the Lead Fueled by Pandemic Impact and Commitment to Stringent Protocols

The U.S. emerged as the dominant country in the region, bearing the brunt of the coronavirus outbreak. Research laboratories in the U.S. have diligently adhered to rigorous disinfection and sanitization protocols, playing a crucial role in preventing the inadvertent spread of diseases.

Canada is expected to capture a notable market share, driven by the country's strong emphasis on healthcare.

Competitive Landscape

Large Players Shifting Toward Organic/Natural Sanitizers to Accelerate Product Growth

There is an increasing number of manufacturers transitioning toward producing and manufacturing natural/organic-based hand-sanitizers. These products are known for their skin-friendly properties and contain fewer harmful chemicals. This shift toward natural and organic formulations is anticipated to significantly contribute to the North America hand sanitizer market share.

Key Industry Development

• April 2023:  SK Capital Partners, LP. acquired Apotex Pharmaceutical Holdings Inc. to expand its presence in the Canada hand sanitizer manufacturing industry.

Market Overview:

According to Fortune Business Insights The Global   Consumer Electronics Market   size was valued at USD 815.16 billion in 2024. The market is projected to grow from USD 864.73 billion in 2025 to USD 1,467.94 billion by 2032, exhibiting a CAGR of 7.85% during the forecast period.

The surge is driven by the increasing consumer demand and rising focus of industry players on the development of convenient-to-use and high-performing devices. This information is provided by   Fortune Business Insights™   in its research report, titled   “Consumer Electronics Market, 2023-2030”.

List of Key Players Mentioned in the Report:

• Samsung Group (South Korea)
• LG Electronics Inc. (South Korea)
• Sony Corp. (Japan)
• Panasonic (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Whirlpool Corp. (U.S.)
• AB Electrolux (Sweden)
• Apple Inc. (U.S.)
• HP Inc. (U.S.)
• Huawei Technologies Co., Ltd. (China)

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Segmentation:

Electronic Devices Segment to Gain Traction Impelled by Soaring Household Penetration

By product type, the market for consumer electronics is subdivided into home appliances and electronic devices. The electronic devices segment is estimated to grow at a substantial pace over the estimated period. The expansion is driven by the rising launch of new products designed for specific applications.

Offline Segment to Depict Substantial Upsurge Owing to Rising Purchase Convenience

On the basis of distribution channel, the market is fragmented into online and offline. The offline segment is anticipated to register appreciable expansion throughout the projected period. The rise is impelled by the purchase convenience of comparing and choosing from a wide range of brands in person.

Based on geography, the market for consumer electronics is fragmented into Asia Pacific, North America, Europe, South America, and the Middle East & Africa.

Report Coverage:

The report gives a comprehensive analysis of the pivotal trends propelling the global business landscape throughout the forecast period. It also provides an insight into the major factors impelling the industry expansion over the ensuing years. These data have been provided after in-depth research and analysis of the market trends and the steps undertaken by prominent industry participants.

Drivers and Restraints:

Market Growth to be Propelled by Expanding Residential Sector

One of the key factors impelling consumer electronics market growth is being propelled by the rising inclusion of smart devices in households. Companies are keen to introduce a series of products catering to the requirements of modern households.

However, the lower penetration of the market in less-developed countries on account of lack of access to electricity may hamper industry growth to a considerable extent.

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Regional Insights:

Asia Pacific to Emerge as Key Region Owing to Presence of Major Players

Asia Pacific consumer electronics market share is poised to record substantial expansion over the analysis period. The expansion is driven by the strong presence of major companies such as Sony, Samsung, LG, and Panasonic in countries such as Korea, China, and Japan. The North America market is anticipated to depict appreciable growth throughout the forecast period. The surge is impelled by the escalating demand for wearables, speakers, and monitors.

Competitive Landscape:

Pivotal Companies Enter Collaborations to Expand Geographical Footprint

Major companies are entering partnership initiatives and collaborations to strengthen their market positions. These steps are also being undertaken for the expansion of their geographical footprints. Additional initiatives include merger agreements, partnerships, and others.

Key Industry Development:

January 2023 –   HP Inc., announced new solutions and products at CES 2023. These products were designed to recharge hybrid experiences allowing people to thrive in the digital era.

Market Overview-

According to fortune Business Insights The global   toilet paper market   size was USD 26.14 billion in 2019 and is projected to reach USD 49.91 billion by 2032, exhibiting a CAGR of 5.14% during the forecast period.

How Did We Create This Report?

Various insights present in the report were derived from extensive primary and secondary research. Our expert advisors and analysts used quantitative and industry-wide market projection methodologies and customer insights tools to make authentic data available to the clients. The report also provides an uncluttered evaluation of projections and estimations on the market dynamics.

A list of all the renowned toilet paper producers operating in the global market:

• Procter & Gamble Co. (Cincinnati, U.S.)
• Kimberly-Clark (Dallas, U.S.)
• Essity AB (Stockholm, Sweden)
• Georgia-Pacific LLC (Atlanta, U.S.)
• Hengan Group (Jinjiang, China)
• Sofidel Group (Porcari, Italy)
• Kruger Inc. (Montreal, Canada)
• Empresas CMPC S.A (Santiago, Chile)
• WEPA Hygieneprodukte GmbH (Arnsberg, Germany)
• Unilever (London, U.K.)

Drivers & Restraints-

Rising Working-class Population to Spur Demand

The rising trend of travel and tourism is expected to broaden the hospitality industry worldwide. The demand for toilet paper in restaurants, resorts, and hotels is growing rapidly on account of the increasing hygiene requirements. Apart from that, the surging working-class population will further raise the usage of this product in corporate sectors and offices. For instance, the U.S. Census Bureau’s data on Country Business Pattern revealed that the total number of establishments was 7,860,674 in 2017. It reached 7,912,405 in 2018. These factors are set to propel the toilet paper market growth in the coming years. However, the rising popularity of bidet toilets may hamper growth by limiting demand.

Segment-

Household Segment to Grow Rapidly Stoked by Rising Number of Nuclear Families

Based on application, the household segment generated 60.16% in terms of the toilet paper market share in 2019. This growth is attributable to the increasing usage of toilet paper in homes as it is considered to be an essential daily use commodity. Besides, the surging trend of living alone, as well as the rising number of nuclear families in urban areas would aid growth of this segment.

Regional Analysis-

Surging Number of Hospitality Facilities to Favor Growth in Europe

Geographically, Asia Pacific earned USD 9.55 billion in 2019 in terms of revenue. Though the per capita toilet paper usage is relatively lower in this region, the rapid industrialization and urbanization would result in the development of improved restrooms, thereby leading to rising demand.

North America, on the other hand, is anticipated to grow significantly backed by the rising spending power of people residing in Canada and the U.S. Europe is set to show rising usage of toilet paper because of the increasing number of hospitality facilities in the region.

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Competitive Landscape-

Key Players Focus on Investing in Development of New Production Facilities

The market for toilet paper houses a large number of manufacturers that are mainly aiming to invest hefty amounts of money in developing new production facilities. They are doing so to increase their production capacities and to cater to the rising demand worldwide. Below are the two latest industry developments:

• September 2020 : Andritz AG bagged a new order from Guangdong Hengan Paper Co., Ltd. to provide four tissue machines to its mill situated in China. It will be used to produce premium-quality handkerchief, toilet, facial, and napkin tissue made out of virgin market pulp.
• April 2019 : Naheola mill will be getting an investment of approximately USD 120 million for developing new roll storage and tissue machine building. This will help the company to enhance its bath tissue business.

Market Overview:

According to Fortune Business Insights   global  Disposable Razor Blades Market  size was USD 3.39 billion in 2019 and is projected to reach USD 5.45 billion by 2032, exhibiting a CAGR of 3.84% during the forecast period. The rising shift towards greener disposable razors will have an excellent impact on the market, states Fortune Business Insights, in a report, titled “ Disposable Razor and Blade Market Size, Share & Industry Analysis, By Blade Count (1 & 2 Blades, 3 & 4 Blades, and 5 & More Blades), End-User (Men and Women), Distribution Channel (Hypermarkets, Online, and Others), and Regional Forecast, 2020-2027.”  The market size stood at USD 3.39 billion in 2019.

The Report Lists the Key Companies in the disposable razor blades market:

• Procter & Gamble Co. (Ohio, U.S.)
• BIC Group (Paris, France)
• Super-Max Group (Dubai, UAE)
• Edgewell Personal Care (Shelton, U.S.)
• Kai Group (Tokyo, Japan)
• LORD International Co. (Alexandria, Egypt)
• DORCO CO, LTD. (Seoul, South Korea)
• Kaili Group (Ningbo, China)
• Laroch co. (Shuaiba, Kuwait)
• Perio Inc. (Dublin, U.S.)

Market Driver :

Prominence of Handy Razor Blades to Improve Market Prospects

The growing popularity of non-refillable razors in long or short journeys will spur opportunities for the market. For instance, as per the report Award Catalogue 2020 of BEYONDPLASTIC, about 5,000 billion disposable razors are used per year globally.  The convenience of non-refillable razors makes it a preferable choice while traveling. The advantages of the razer include multiple usages of the same blade. The growing awareness regarding non-refillable razors can bolster the healthy growth of the market. For example, the Wilkinson Sword’s products including fixed cartridge razor blades range are allowed in handbags while traveling to foreign countries, making it a preferred choice among travelers. Hence, the increasing demand for such razor blades will augur well for the market.

Inhibited Demand for Razor Blades to Restraint Market Amid Coronavirus

The shifting fashion trends have negatively impacted the global market during coronavirus. For instance, the trend of keeping long beards has reduced the demand for razors. Moreover, the decline in razor blade sales owing to work from culture, which does not mandate proper grooming. Procter & Gamble reported decreased net sales by 2% to US$ 6.1 billion in the fiscal year 2020 in the grooming segment. Besides, slashed shaving needs have further retarded the expansion of the market. Nevertheless, the rising disposable income and awareness about grooming will certainly create openings for the market in the near future.

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Regional Analysis :

Increased Purchasing Power of Consumers to Boost Market in Europe

The market in Europe stood at USD 1.14 billion in 2019 and is expected to remain dominant during the forecast period. The growth in the region is attributed to the high purchasing power of consumers for premium and branded non-refillable razors. For instance, BIC group which is ranked number two in the global one-piece razors market produces around 2.6 billion shavers along with 4.9 billion blades every year to serve the needs of the consumers. The surge in travelers can contribute positively to the market in Europe. As per the Tourism Statistics released in January 2020 by Eurostat, in 2018 at least one personal tourism trip was taken by about 64% of the residents of the EU. The market in Asia Pacific is expected to hold a significant share in the market owing to the rising demand for razor blades in countries such as China, Japan, and India. The inflated demand for low-cost disposable razors will propel the growth of the market in the region.

Key Development :

August 2019:  Gillette and Gillette Venus announced its collaboration with TerraCycle, a leading organization in recycling. Under this partnership, all razor blades, as well as disposable razors of these brands, will be recycled.

Market Overview:

According to Fortune Business Insights North America is the third largest region in the global cosmetics market. It is projected to record a CAGR of 6.02% during the forecast period. The global  North America Cosmetics Market  is projected to grow from USD 335.95 billion in 2024 to USD 556.21 billion by 2032. 

North America is witnessing a robust increase in the adoption of a wide range of cosmetic products to enhance their physical appearance. This scenario has prompted top market players to invest heavily in R&D projects to introduce novel and advanced cosmetics. For example, in October 2022, L'Oréal U.S.A. announced an investment of USD 140 million to build a new research & innovation center of around 250,000 square-foot in Newark, New Jersey. This new center is expected to conduct research on scientific fields such as beauty tech and green science and bring innovations to hair, skin, and beauty products. As people are becoming more interested in buying anti-aging products to reverse the signs of early aging, companies are trying to create various technologies and formulations to cater to this ever-growing demand. These aspects will strengthen the North America cosmetics market growth.

Fortune Business Insights™ displays this information in a report titled, "North America Cosmetics Market, 2023-2030."

LIST OF LEADING ORGANIZATIONS PROFILED IN THE REPORT

• L'Oréal S.A. (France)
• Unilever plc (U.K.)
• The Procter & Gamble Company (U.S.)
• The Estée Lauder Companies Inc. (U.S.)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.)
• Amorepacific Corporation (South Korea)

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Segments:

In terms of category, the market is divided into hair care, skin care, makeup, and others.

Based on gender, the market is bifurcated into men and women.

In terms of distribution channel, the market is segmented into specialty stores, hypermarkets/supermarkets, online channels, and others.

This report on the North America cosmetics market covers the following countries/regions – the U.S., Canada, and Mexico.

Report Coverage:

The report offers a wide range of qualitative and quantitative insights about the industry. The report also provides a detailed analysis of the regional market size & growth rate for all possible segments in the industry. It expands on the most recent market trends & dynamics, competitive landscape, and forecast. Various top insights are displayed in the report including new product launches, an overview of the regulatory scenario in key countries, top industry developments – mergers, acquisitions & partnerships, and the effect of COVID-19 on the market.

Drivers and Restraints:

Greater Focus on R&D by Key Market Players to Accelerate Market Growth

More companies are increasing their focus on R&D programs and activities to speed up the production of a wide variety of new cosmetic products. Many manufacturers are developing products, such as creams, lotions, and gels, that are compatible with their customers’ hair and skin, thereby augmenting the market progress in the coming years. More men and women are purchasing skincare and makeup products, further accelerating the market development.

However, the high costs associated with cosmetic products and their adverse side effects are expected to restrain the market growth during the forecast period.

Competitive Landscape:

L’Oréal S.A., the Estée Lauder Companies Inc., Procter & Gamble Co., Unilever, Kao Corporation, Johnson & Johnson, Inc., Beiersdorf AG, Coty Inc., and Shiseido Co., Ltd. are the top participants in the North America market. These companies are increasing their investments in research & development programs to speed up the process of launching new products and receiving approvals for these solutions. They are also focusing on expanding their distribution networks and product portfolios to solidify their position in the market. These firms are entering strategic collaborations and partnerships to expand their regional presence and increase their North America cosmetics market share.

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Key Industry Development:

February 2023:  Sephora Canada announced the rollout of DTC beauty brand Glossier’s products. The Glossier lineup of products includes makeup, skincare, and fragrances available online on Sephora.ca, the Sephora App, and offline channels. Glossier also opened its 7,000 sq. ft. flagship store in Manhattan in SoHo’s Spring Street, New York.

Market Overview:

According to Fortune Business Insights   Global  MICE Market  size was valued at USD 1,051.41 billion in 2024. The market is projected to grow from USD 1,148.35 billion in 2025 to USD 2,269.16 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 10.22% over the forecast period.   

MICE (Meetings, Incentives, Conferences, and Exhibitions) focuses on organizing and managing events for academic, professional, business, and cultural purposes. It integrates travel and event services for groups of all sizes. Globalization has fueled this market by boosting business opportunities, international outreach, and business tourism.

Fortune Business Insights™  provides this information in its research report, titled  “MICE   Market, 2025-2032”.

List of Key Players Mentioned in the Report:

• ITA Group (U.S.)
• Flight Centre Travel Group Limited (Australia)
• Freeman (U.S.)
• Meetings and Incentives Worldwide, Inc. (U.S.)
• Conference Care (U.K.)
• One10, LLC (U.S.)
• BCD Meetings & Events (U.S.)
• Creative Group, Inc. (U.S.)
• Access (U.S.)
• CWT Meetings & Events (U.S.)

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Segmentation:

Meetings Segment Dominate, Driven by Rising Corporate Events Globally

  In terms of event type, the market is fragmented into meetings, incentives, conventions, and exhibitions. The meetings segment captures the leading MICE market share, driven by rising corporate events worldwide. These one-day gatherings, held in hotel conference rooms, focusing on organizational planning, strategy, and goal setting. Common types include general, board, supplier, and annual business meetings.

Accommodation Segment   Lead On Account of its Key Role In Ensuring the Smooth Conduct Of Events

As per service type, market is classified into accommodation, transportation, food & beverages, event management, and others. MICE-oriented amenities make the accommodation segment dominant in the market, with hotels targeting business travelers who spend more on stays. To ensure year-round demand, hotel chains provide discounted rates during off-seasons, boosting occupancy and revenue stability.

In terms of region, the market is categorized into Europe, North America, the Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The research report offers a comprehensive market analysis, covering the competitive landscape, company profiles, key drivers, restraints, and opportunities. It also provides insights into market trends and key industry developments contributing to recent growth. It also highlights key players, product launches, and the impact of COVID-19 on the growth of the market.

Drivers and Restraints:

Technological Advancements to Enhance Efficiency and Customer Satisfaction to Boost Market Growth

The MICE industry benefits from technological advancements that enhance efficiency and attendee satisfaction. Event management software simplifies operations, managing tasks like registration, ticketing, and logistics on a single platform. These innovations save time, minimize errors, and improve profitability. Security technologies also monitor crowds and detect threats, ensuring safe and seamless events.

Political instability, including wars, terrorism, and geopolitical tensions, reduces tourist footfall and disrupts corporate event organization, hindering MICE market growth.

Regional Insights:

Europe Dominate the Market Owing to Growing Number of Corporate Events

Europe leads the global MICE market due to the growing number of corporate events and exhibitions. The region emphasizes sustainable tourism, with two-thirds of industry players integrating Corporate Sustainable Responsibility (CSR) into their programs. Germany and the U.K. lead the market with high corporate event activity.

Driven by sectors such as advanced manufacturing and financial services, North America captures the key share of the market with top-tier cities such as Toronto and Las Vegas offering world-class venues. Luxury event services, exemplified by Vancouver’s Shangri-La and Fairmont Hotel, enhance the region's appeal for high-end events.

To get to know more about the market, please visit:  
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Competitive Landscape-

Key Players Focus on Innovations to Gain Competitive Edge

The global MICE market is highly competitive, with key players such as ITA Group and Freeman leveraging technology, innovation, partnerships, and expansions to maintain an edge. Strong marketing and promotional strategies are also crucial for building brand awareness.

Key Industry Development:

September 2024 –  Yatra Online Limited, an Indian travel & tourism company, announced a 100% stake acquisition in Globe All India Services Ltd., an Indian travel agency, to become a market leader in India’s business travel and corporate event management sectors.