A towel is an absorbent material used for wiping and drying body and hair. It is made using cotton or polyester to help draw out and absorb moisture through direct contact and withstand repeated washing and usage. The manufacturing process of a towel includes weaving on the loom, cutting and dividing the yarn into rectangular pieces, and then dyeing. It offers various advantages, such as quick drying, highly absorbent, lightweight, sustainable, durable, and eco-friendly. Cotton, microfiber, bamboo, hemp, terry cloth, and linen are some of the commonly available product variants.
The increasing product application in the residential and commercial industries and the rising awareness regarding hygiene are some of the primary factors accelerating the market growth. The increasing demand for spa treatments due to hectic lifestyles has significantly surged the demand for towels, which is another factor driving the market growth. Moreover, the rapidly expanding hospitality sector and the surging brand consciousness are bolstering the market growth. Furthermore, the burgeoning consumer per capita income has increased the demand for premium quality towels, which is positively contributing to the market growth. In line with this, key market players are introducing super absorbent product variants that are sustainable and eco-friendly to increase their consumer base, which is providing a considerable thrust to the market growth. Apart from this, the constantly evolving lifestyles and fashion trends in home textiles are other growth-inducing factors. Additionally, the easy product availability in supermarkets, hypermarkets, and online retail stores and the increasing need for exclusive towels, such as Turkish and Egyptian cotton towels, are creating a positive outlook for the market. This is further supported by the rising necessity of towels in hotels, fitness centers, resorts, and motels, shifting consumer preference toward fashionable and stylish bathroom accessories, and the rapidly expanding textile industry across the globe. Other factors, such as the rising product application in schools and colleges and the easy availability in attractive designs and colors, are boosting the market growth.
The report provides a techno-commercial roadmap for setting up an towel manufacturing plant. The study covers all the requisite aspects that one needs to know while making a foray into the towel industry. This ranges from macro overview of the market to micro details of the industry performance, key success and risk factors, manufacturing requirements, project cost, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the towel industry.
The project report covers the following aspects of the towel market:
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1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Research Methodology
3 Executive Summary
3.1 Market Scenario
3.2 Raw Material Requirements
3.3 Income Projections
3.4 Expenditure Projections
3.5 Profit Analysis
4 Global Towel Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Market Breakup by Segment
4.4 Market Breakup by Region
4.5 Price Trends
4.5.1 Raw Material Price Trends
4.5.2 Towel Price Trends
4.5.3 Product Margins
4.6 Market Forecast
5 Towel Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Project Details, Requirements and Costs Involved
6.1 Land, Location and Site Development
6.1.1 Overview of Land Location
6.1.2 Project Planning and Phasing of Development
6.1.3 Environmental Impacts
6.1.4 Land Requirement and Expenditure
6.2 Plant Layout
6.3 Plant Machinery
6.3.1 Machinery Requirements and Costs
6.3.2 Machinery Suppliers
6.3.3 Machinery Pictures
6.4 Raw Materials
6.4.1 Raw Material Requirements
6.4.2 Raw Material Procurement
6.4.3 Raw Material Expenditure
6.4.4 Raw Material Suppliers
6.4.5 Raw Material and Final Product Pictures
6.5 Packaging Requirements and Expenditures
6.6 Transportation Requirements and Expenditures
6.7 Utilities Requirements and Expenditures
6.8 Manpower Requirements and Expenditures
7 Loans and Financial Assistance
8 Project Economics
8.1 Capital Cost of the Project
8.2 Operating Expenses
8.3 Expenditure Projections
8.4 Income Projections
8.5 Product Pricing and Margins
8.6 Taxation
8.7 Depreciation
8.8 Financial Analysis
8.8.1 Liquidity Analysis
8.8.2 Profitability Analysis
8.8.2.1 Payback Period
8.8.2.2 Net Present Value
8.8.2.3 Internal Rate of Return
8.8.2.4 Profit and Loss Account
8.8.3 Uncertainty Analysis
8.8.4 Sensitivity Analysis
9 Regulatory Procedures and Approval
10 Key Success and Risk Factors
List of Figures
Figure 1: Global: Towel Market: Major Drivers and Challenges
Figure 2: Global: Towel Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Towel Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Towel Market: Breakup by Segment (in %), 2022
Figure 5: Global: Towel Market: Breakup by Region (in %), 2022
Figure 6: Towel Raw Materials: Price Trends, 2017 & 2022
Figure 7: Towel: Price Trends, 2017 & 2022
Figure 8: Towel: Margins Across Various Stages of the Supply Chain
Figure 9: Towel Manufacturing Plant: Breakup of Operational Costs
Figure 10: Towel Price Structure
Figure 11: Towel: Manufacturing Process Flow
Figure 12: Towel: Manufacturing Process: Conversion Rate of Feedstocks
Figure 13: Towel Manufacturing Plant Layout
List of Tables
Table 1: Towel Manufacturing Plant: Raw Material Requirements
Table 2: Towel Manufacturing Plant: Project Planning
Table 3: Towel Manufacturing Plant: Phasing of Development
Table 4: Towel Manufacturing Plant: Environmental Impacts During Construction Phase
Table 5: Towel Manufacturing Plant: Environmental Impacts During Operation Phase
Table 6: Towel Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Towel Manufacturing Plant: Costs Related to Machinery
Table 8: Towel Manufacturing Plant: List of Machinery Suppliers
Table 9: Towel Manufacturing Plant: Costs Related to Raw Materials
Table 10: Towel Manufacturing Plant: List of Raw Material Suppliers
Table 11: Towel Manufacturing Plant: Costs Related to Packaging
Table 12: Towel Manufacturing Plant: Costs Related to Utilities
Table 13: Towel Manufacturing Plant: Costs Related to Salaries and Wages
Table 14: Towel Manufacturing Plant: Capital Costs
Table 15: Towel Manufacturing Plant: Operating Costs
Table 16: Towel Manufacturing Plant: Taxation
Table 17: Towel Manufacturing Plant: Depreciation
Table 18: Towel Manufacturing Plant: Income Projections
Table 19: Towel Manufacturing Plant: Expenditure Projections
Table 20: Towel Manufacturing Plant: Liquidity Analysis Without Considering the Income Tax Liability
Table 21: Towel Manufacturing Plant: Liquidity Analysis on Considering the Income Tax Liability
Table 22: Towel Manufacturing Plant: Profitability Analysis Without Considering the Income Tax Liability
Table 23: Towel Manufacturing Plant: Profitability Analysis on Considering the Income Tax Liability
Table 24: Towel Manufacturing Plant: Profit and Loss Account
Table 25: Towel Manufacturing Plant: Discount Factor Rate
Table 26: Towel Manufacturing Plant: Sensitivity Analysis
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