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NEW YORK, June 16, 2022 /PRNewswire/ — The “Diaper Market by Type and Geography – Forecast and Analysis 2020-2024” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the diaper market between 2019 and 2024 is USD 27.6 billionas per the latest market analysis report by Technavio. The report identifies the market to witness an accelerating growth momentum at a CAGR of 6.74% during the forecast period.
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Key Market Dynamics:
- Market Driver: The rapid adoption of baby diapers in developing regions is one of the key factors driving the growth of the global diaper market. Technological advances and innovations in the material and design of diapers have resulted in the introduction of several novel products with superior properties . The rise in awareness regarding baby health and hygiene and the increase in disposable income are the key aspects contributing to the growth of the market.
- Market Challenge: Environmental pollution is a major challenge for the global diaper market growth. Diapers are posing a major threat to the environment due to the non-biodegradable materials used in their manufacture. Diapers are made up of materials such as plastic, elastics, and superabsorbent polymers, which require a long time to degrade. Disposable diapers make up more than 40% of the non-biodegradable waste in the US. As a result, several consumers are shifting to eco-friendly diapers, which will cause a slight disturbance to the overall market.
To learn about additional key drivers, trends, and challenges available with Technavio. Read Sample Report right here!
Key Market Segment Highlights:
The diaper market report is segmented by Type (baby diapers and adult diapers) and Geography (APAC, North America, Europeand South America).
- The baby diaper type segment held the largest diaper market share in 2019. The segment will continue to account for the highest share throughout the forecast period. The demand for eco-friendly and high-absorbent diapers is on the rise because a growing number of consumers are looking for diapers that help keep their babies dry and free from rashes. Such factors will increase the market demand during the forecast period.
- APAC will be the leading region with 36% of the market’s growth during the forecast period. China, Indiaand Japan are the key markets for global diaper market in APAC. Market growth in this region will be faster than the growth of the market in regions. The rapid adoption of baby diapers in developing regions will facilitate the global diaper market growth in APAC over the forecast period .
View sample report for additional insights into the contribution of all the segments and regional opportunities
Some Companies Mentioned with their Offerings
- Essity Aktiebolag (publ)
- First Quality Enterprises Inc.
- Kao Corp.
- Kimberly-Clark Corp.
- Medline Industries Inc.
- Oji Holdings Corp.
- Koninklijke Philips NV
- SCA Group
- The Procter & Gamble Co.
- Unicharm Corp.
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