The global baby diapers market is expected
to reach USD 64.62 billion by 2022, according to a new report by Grand View
Research, Inc. Increasing disposable income level coupled with increasing birth
rates particularly in emerging markets is expected to remain a key driving
factor for global baby diapers market. Growing awareness regarding baby’s
health and novel products resulting from technological advances are other
critical factors that are presumed to positively impact the baby diaper market
over the forecast period. Increasing working women ratio is another key factor
that is expected to aid the market over the next seven years.
Health
awareness regarding health hazards resulting from chemicals used in disposable
diapers is anticipated to hamper the global baby diaper market growth over the
forecast period. Technological advances resulting in novel products with
superior properties promise ample opportunities for the industry participants.
Rapid e-commerce growth particularly in the developing markets is expected to
provide abundant penetration opportunities to the industry participants in the
near future.
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Further key findings from the study suggest:
- Global baby diaper market was USD 39.97 billion in 2014 and is expected to reach USD 64.62 billion in 2022, growing at an estimated CAGR of 6.2% from 2014 to 2022.
- Disposable diapers dominated the global market with nearly two-thirds of the total revenue in 2014 and are expected to witness a CAGR of 5.4% over the forecast period. Cloth diapers market were the second largest product segment for baby diapers market. Bio-degradable diapers are projected to witness the highest growth rate over the forecast period.
- Pre-fold cloth diapers dominated the cloth diapers market in 2014 and are presumed to witness a CAGR of 10.5% from 2015 to 2022. Other cloth diaper products include flat cloth diapers, fitter cloth diapers, all-in-one cloth diapers and other cloth diapers.
- Disposable diaper market products include ultra absorbent disposable diapers, super absorbent disposable diapers, regular disposable diapers and bio-degradable disposable diapers. Regular disposable diapers are projected to witness a CAGR of 2.2% over the forecast period.
- The industry is characterized by companies taking strong initiatives to enhance product portfolio and increase their production capacity to cater to the growing demand from the developing regions. Key industry participants include P&G, Hengan, Unicharm, Phillips Healthcare, Kimberly Clark, SCA and Associated Hygiene.
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About
Grand View Research:
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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