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Europe Tampon Market Forecast 2021-2028

In terms of revenue, the Europe tampon market is anticipated to record a CAGR of 4.66%, and 5.00%, in terms of volume, across the forecast period of 2021 to 2028. The region's key market growth drivers include the growing need for environmentally-friendly feminine hygiene products, the need for organic tampons, and the rising awareness regarding the benefits of using tampons.

The Europe tampon market growth is evaluated by assessing Italy, the United Kingdom, France, Belgium, Germany, Russia, Spain, Poland, and the rest of Europe. The Italian tampon market is depicting a steady growth trend, due to the demand for organic tampons. In 2019, tampons' sales tax was slashed from 22% to 10%, under the government's fiscal decree amendment, re-initiated into the budget plan. However, Italy has a higher tax rate on feminine hygiene products, when compared to other European nations. Besides, the tax reduction would be introduced as a part of the 2020 annual tax amendments. The Italian parliament is also discussing its details and particulars, while finalizing the budget proposal.
Spain's tampon market is witnessing decent growth, as a result of the rising disposable income, and the increasing awareness regarding sanitation. Pads and tampons in the country have the same value-added tax (VAT) of 10%, as luxury items. However, the Spanish government has announced the abolishment of this tax. Hence, these factors are accredited to the tampon market growth, over the forecast period.

Some of the leading companies operating in the market include, Unilever PLC, Johnson & Johnson, Kao Corporation, Kimberly Clark Corporation, etc.

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Europe Tampon Market Forecast 2021-2028
Published By :Inkwood Research
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