$281.9m
$XX.Xm
9,754
169
$XX.Xm
The Cotton Personal-Care Product Manufacturing industry produces cotton gauze, balls, pads, swabs and sponges commonly used for both medical and personal purposes. Sales of cotton personal-care products have increased resulting from higher consumer spending on cosmetic and beauty products and demand from other industries (medical, surgical, dental, veterinary). Despite the COVID-19 pandemic significantly impacting global trade, there has been an increased demand for cotton swabs and wipes used for antigen and polymerase chain reaction testing and vaccination administration. Industry-wide revenue has been growing at a CAGR of 2.5% over the past five years and is expected to total $281.9 million in 2023 when revenue will increase by an estimated 0.8%.The industry's profitability has been somewhat volatile during this period, as in previous periods, in response to fluctuating cotton prices and increased import penetration. The world price of cotton has risen at a CAGR of 1.1% through 2023, while imports are estimated to reach 65.8% of domestic demand in 2023. Historically, industry profit has remained stable because of the high demand for cotton personal-care products in the various medical and surgical fields. However, the world price of cotton, a key input, can be highly volatile and impact average industry profit in the short term. Due to revenue volatility, pressure on profit from stiff competition, and costs of capital in start-up, entry is stalled, keeping concentration levels constant or increasing.The demand for cotton personal-care products is expected to continue growing, driven by increased consumer spending on cosmetic products and the medical field's continued purchases of gauze and sponges. Restocking supplies by hospitals, surgeons, veterinary clinics, and doctors' offices that were hard to obtain during the global health pandemic is expected to benefit the industry. Furthermore, the industry will benefit from more consistently rising cotton prices and a depreciating US dollar, which would increase the competitiveness of domestic products in the global market. Going forward, industry revenue is forecast to grow at a CAGR of 2.8% to $323.9 million by the end of 2028, with a slight increase in profit to 7.5%.
Industry revenue has grown at a CAGR of 2.5 % over the past five years, to reach an estimated $281.9m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Unilever N V | 20.8 | 3.5 | 16.8 | |
Johnson & Johnson | 17.7 | 2.2 | 12.4 |
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Industry revenue is measured across several distinct product and services lines, including Cotton swabs, Facial wipes and pads and Cotton balls. Cotton swabs is the largest segment of the Cotton Personal-Care Product Manufacturing in the US.
Cotton swabs and applicators are applicable in many situations
This industry comprises operators that manufacture personal-care and beauty products primarily made of cotton. Products include but are not limited to cotton swabs, cotton balls and facial wipes. This industry also includes surgical cotton products both sterile and nonsterile.
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NAICS 32229 - Cotton Personal-Care Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cotton personal-care manufacturing industry struggles with revenue volatility due to price fluctuations and supply challenges. The industry's largest supplier, the Cotton Far...
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Cotton swabs, pads and ball revenue is rolling along. The versatility (personal cleaning, medical use), indispensable role, and expanding varieties contribute to industry gro...
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Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Established brands maintain market share. High entry costs, established distribution networks, strong brand recognition and customer loyalty, allow established brands to keep...
Learn about the performance of the top companies in the industry.
The dominance of a few companies is fostered by significant market share in multiple industries. Companies like Unilever NV and Johnson & Johnson have notable market shares i...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Even with supply chain problems, there is no shortage of regulation. Import tariffs protect domestic manufacturers, subsidy programs stabilize cotton prices and the Bioprefer...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Volatile input prices impact purchase costs. While prices of paper wood and chemicals fluctuate, the cost of cotton plays a significant role in determining purchasing costs a...
Including values and annual change:
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The market size of the Cotton Personal-Care Product Manufacturing in the US industry in United States is $281.9m in 2024.
There are 169 businesses in the Cotton Personal-Care Product Manufacturing in the US industry in United States, which has grown at a CAGR of 0.5 % between 2018 and 2023.
The market size of the Cotton Personal-Care Product Manufacturing in the US industry in United States has been growing at a CAGR of 2.5 % between 2018 and 2023.
Over the next five years, the Cotton Personal-Care Product Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Cotton Personal-Care Product Manufacturing market in United States are Unilever N V and Johnson & Johnson
Manufacturing cotton balls, swabs and facial pads and Manufacturing cosmetic cotton products with added skin treatments are part of the Cotton Personal-Care Product Manufacturing in the US industry.
The company holding the most market share in United States is Unilever N V.
The level of competition is high and increasing in the Cotton Personal-Care Product Manufacturing in the US industry in United States.