One of the few positives emerging from the pandemic is the growth of e-commerce, and the retail sector is one of the beneficiaries of this growth. The global retail market is expected to be around US $21.62 trillion in 2020. It is predicted that the market would grow at a CAGR of 5% from 2021 and reach US $25.12 trillion in 2023. The GCC retail sector would be registering 4% CAGR amounting to US $ 308 billion by 2023, up from US $ 53.2 billion in 2018. Many retailers have re-calibrated their stores to serve as order fulfilment centres to meet digital demand and execute last-mile delivery.
Meat and Poultry Market in the Middle-East & Africa is gaining traction because of the consumption of halal meat. The beef and poultry market in Middle-East and Africa was valued at US $30 billion in 2018, which is expected to grow at CAGR of 8% in 2019-2025 period. The processed meat and poultry market in MENA region, which is valued at US $40.52 billion currently, is expected to be US $70.8 billion by 2025. UAE is seeking to grow and develop the halal food industry. And that, according to industry observers, will undoubtedly attract increased volume of investment in the sector and its peripherals.
Despite a surge in digitalisation, paper consumption is poised for a big leap. Globally, the paper products markets would be at US $868.8billion in 2020. From 2021, it would register a CAGR of 7% to touch US $1.03 trillion in 2023. With the requirement for better quality packaging of FMCG products and the demand for upstream market of paper products, such as tissue paper, filter paper, tea bags, lightweight online coated paper and medical grade coated paper is expected to drive the paper and paper products market around the world in the coming years.
Tissue paper products – which include paper towels, toilet paper and napkins – contribute to improved personal hygiene, comfort and convenience. Every year, consumers across the world spend roughly US $44 billion on tissues. Almost 9% of the paper products processed in the world ends up as tissue products, accounting for at least 21 million metric tonnes of tissue paper every year. With even greater awareness among consumers for personal hygiene, the demand for tissues just got bigger, opening new avenues of growth in this segment.
Increased concerns over hygiene are resulting in a demand spike for multi-functional wet wipes globally. It is estimated that the global wet tissue and wipe market would touch US $ 24.1 billion by 2025, which stood US $14.8 billion in 2018.
Enhanced focus on wellness and demand for hygiene-related products is expected to rise. The personal Hygiene revenue is likely to be at US $231.75million by 2024. A total of US $15.9 billion is spent on professional hygiene, such as tissue products for away-from-home sanitary facilities. The increased shift towards gender-based personal hygiene products is expected to further fuel growth in this segment. As more consumers continue to seek convenience, manufacturers of global personal hygiene products are trying to stay ahead of the curve.
The global consumption of non-wovens in 2019 is 11.2 million tonnes which is valued at US $46.8 billion. The segment is expected to see a healthy growth due to the extensive use of non-woven products across industry segments. While the ban on single-use plastics has impacted the non-woven industry, it continues to be adaptive, creative and relentlessly opportunistic. The shift towards environmentally-friendly disposable wipes is driving the global non-woven wipes market and is expected to swell to US $21.8 billion.