Paper Towel Dispenser Market Poised for GrowthNovember 12, 2020
The international market for paper towel dispensers is expected to grow by US$1.06 billion over the next four years with a compounded annual growth rate—or CAGR—of nearly 5%, according to a new study from market research firm Technavio.
The report forecasts that increased awareness about hygiene and hygiene will drive the market. Unlike other product segments, Tehnavio speculates the current COVID-19 pandemic will have a low overall impact on the growth of the paper towel dispenser market. The study cites North America as the most lucrative market for growth between now and 2024, with the impact of Western culture also driving demand in developing markets. According to Technavio, the growth of dispensers will also see challenges from the demand for hand dryers.