Sanitary Paper Product Manufacturing in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 32229aRevenue
$15.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
20,513
Businesses
90
Wages
$X.Xbn
Sanitary Paper Product Manufacturing in the US industry analysis
Sanitary paper product manufacturers produce numerous paper goods, including toilet paper, paper towels, facial tissues, diapers, mensural pads and tampons. Sanitary paper products are considered non-discretionary goods, meaning consumers and businesses alike will buy them regardless of where the United States is in the business cycle, as they are essential for hygienic purposes. During the current period, COVID-19 caused an increase in demand for most products. Since consumers were required to stay home to stop the spread, goods like toilet paper, paper towels, napkins, diapers and tampons were in much higher demand.
Trends and Insights
- The ongoing Canadian wildfires have created an opportunity for export growth. This expected boost in export activity in the coming years will be fruitful for manufacturers as they fill the gap left by Canada.
- COVID-19 brought increased demand for many personal sanitary product segments. Toilet paper, facial tissues and paper towels all benefited from consumers staying home more.
- The Southeast has a perfect location to upstream suppliers. The pulp mills in the Southeast have lower transportation time to the manufacturers, boosting efficiency.
- Acquisitions and expansions abroad have concentrated the market. Larger manufacturers are typically the only ones who can do this at scale.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $15.8bn in 2024.
Trends and Insights
Input cost volatility
- Rising input costs led to heightened purchase costs for sanitary paper product manufacturers, which dampened profit for companies.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Exports will lead growth
- Following an entire period of horrible global trade market conditions, manufacturers are expected to have a chance through 2028.
Biggest companies in the Sanitary Paper Product Manufacturing in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Kimberly-Clark Corporation | 4,750.0 | 714.5 | 15.0 | |
Procter & Gamble Co | 4,322.6 | 1,101.0 | 25.5 | |
Koch Industries Inc. | 1,387.8 | 197.7 | 14.2 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Diapers and incontinence products, Feminine products and Paper towels and napkins. Diapers and incontinence products is the largest segment of the Sanitary Paper Product Manufacturing in the US.
Trends and Insights
Disposable diapers face falling demand, but there is a bright spot
- Births across the United States are a major source of demand for the disposable diapers product segment, with more babies, comes more demand for diapers.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Wood Pulp Mills in the US
- Paper Mills in the US
- Cardboard Box & Container Manufacturing in the US
- Coated & Laminated Paper Manufacturing in the US
- Paper Product Manufacturing in the US
International industries
- Sanitary Paper Product Manufacturing in Canada
- Sanitary Paper Product Manufacturing in Australia
- Sanitary Product Manufacturing in the UK
Table of Contents
About this industry
Industry definition
This industry converts sanitary paper stock or wadding into sanitary paper products. These products include table napkins and tablecloths, toilet paper, paper towels, facial tissues, disposable diapers, sanitary napkins and tampons. Some companies produce their own sanitary paper, while others purchase paper from paper mills. Final products are sold to either wholesalers for distribution or directly to buyers.
What's included in this industry?
Manufacturing of disposable diapers, sanitary pads and tamponsManufacturing of facial tissues, paper towels, hand towels, toilet paper, table napkins and other tissue productsManufacturing of other sanitary products such as paper tableclothsCompanies
Kimberly-Clark CorporationProcter & Gamble CoKoch Industries Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
CLEAN WATER ACT (CWA)CONSUMER TISSUEVERTICAL INTEGRATIONENVIRONMENTAL PROTECTION AGENCY (EPA)TOXIC SHOCK SYNDROMEIndustry Code
NAICS 322291 - Sanitary Paper Product Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The ongoing Canadian wildfires have created an opportunity for export growth. This expected boost in export activity in the coming years will be fruitful for manufacturers as...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
COVID-19 brought increased demand for many personal sanitary product segments. Toilet paper, facial tissues and paper towels all benefited from consumers staying home more.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Southeast has a perfect location to upstream suppliers. The pulp mills in the Southeast have lower transportation time to the manufacturers, boosting efficiency.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Acquisitions and expansions abroad have concentrated the market. Larger manufacturers are typically the only ones who can do this at scale.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry's largest manufacturers are well-established and vertically integrated. Both Proctor & Gamble Co. and the Kimberly-Clark Corporation were founded in the mid-19th...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Kimberly-Clark Corporation's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Procter & Gamble Co's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Koch Industries Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Kimberly-Clark Corporation, and factors influencing its performance in the industry
- Description and key data for Procter & Gamble Co, and factors influencing its performance in the industry
- Description and key data for Koch Industries Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Price fluctuations dampened demand for sanitary paper products. The ongoing wildfires in Canada have limited the supply of wood-based products to USMCA participants.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Skyrocketing input costs have dampened profits. Wood pulp, gas and crude oil rose significantly due to supply chain issues.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Sanitary Paper Product Manufacturing in the US industry in United States in 2024?
The market size of the Sanitary Paper Product Manufacturing in the US industry in United States is $15.8bn in 2024.
How many businesses are there in the Sanitary Paper Product Manufacturing in the US industry in 2024?
There are 90 businesses in the Sanitary Paper Product Manufacturing in the US industry in United States, which has grown at a CAGR of 0.2 % between 2019 and 2024.
Has the Sanitary Paper Product Manufacturing in the US industry in United States grown or declined over the past 5 years?
The market size of the Sanitary Paper Product Manufacturing in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
What is the forecast growth of the Sanitary Paper Product Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Sanitary Paper Product Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Sanitary Paper Product Manufacturing in the US market in United States?
The biggest companies operating in the Sanitary Paper Product Manufacturing market in United States are Kimberly-Clark Corporation, Procter & Gamble Co and Koch Industries Inc.
What does the Sanitary Paper Product Manufacturing in the US in United States include?
Manufacturing of disposable diapers, sanitary pads and tampons and Manufacturing of facial tissues, paper towels, hand towels, toilet paper, table napkins and other tissue products are part of the Sanitary Paper Product Manufacturing in the US industry.
Which companies have the highest market share in the Sanitary Paper Product Manufacturing in the US in United States?
The company holding the most market share in United States is Kimberly-Clark Corporation.
How competitive is the Sanitary Paper Product Manufacturing in the US industry in United States?
The level of competition is high and increasing in the Sanitary Paper Product Manufacturing in the US industry in United States.
