Industry Background:
The rapid growth in the travel and tourism industry plays a major role across the globe. This industry is creating awareness impact awareness on the environment. Today in the hotel industry there is the rapid adoption of disposable toiletries & food packaging. Today, leading hotel brands such as IHG Hotels, Marriott, and others are heavily investing in eliminating the consumption of single-use plastic products by banning plastic products. According to the industry experts, Accor Group will eliminate all guest-related single-use plastic items in their nearly 5,000 hotels in 110 countries by the end of 2022.
According to AMA Research, the market for Hotel Disposable Products is expected to register a CAGR of 4.7% during the forecast period to 2030. This growth is primarily driven by The Rising Prevalence of Health Diseases has increased across the World in the Recent Past
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ansell (United States), Arjo (Sweden), Beijing ZKSK Technology (China), Medline Industries, Inc. (United States), 3M Healthcare (United States), BM plus spol. s r.o. (Italy), GARCIA DE POU (Spain), E.M. Group International GmbH (Germany) and Dolly Worldwide Trades Inc. (Canada), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2021, The Procter & Gamble Company Launched 'Pampers Pure Protection Hybrid Diapers', a range of premium fabric-based diapers that can be disposed-off or reused by babies.
In April 2021, Rotana announced the removal of single-use plastic toiletries across various hotel rooms. They committed to reduce their environmental impact and enhance their efforts to combat plastic pollution.The companies are exploring this market are expanding their footprints across new regions and highly investing in various growth strategies such as adopting mergers & acquisitions, expansions, investments, new product launches. The major players are expanding in new areas with the expansions and acquisitions across the globe to avail a competitive advantage through combined initiatives.
Influencing Trend:
Intense Market Rivalry Among Emerging Economies
Market Growth Drivers:
The Rising Prevalence of Health Diseases has increased across the World in the Recent Past and Development in biodegradable Product Market
Challenges:
Fluctuation in Prices of Raw Materials
Restraints:
The Slowdown in Economy because of COVID-19 Pandemic
Opportunities:
The Outburst of Covid-19 across the Globe is Booming the Demand for the Disposable Bed Sheets
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hotel Disposable Products Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hotel Disposable Products Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hotel Disposable Products players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hotel Disposable Products Study Sheds Light on
The Hotel Disposable Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hotel Disposable Products industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hotel Disposable Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.