12.23.15
Driven by demand in emerging markets, the global baby diapers market is growing more than 6% a year and is expected to top $64 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. That should be good news for marketers of baby care products such as creams, lotions and shampoos. If so, raw material suppliers should prosper as well. What's more, 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.
But at the same time, health awareness regarding health hazards resulting from chemicals used in disposable diapers is expected to hamper the global baby diaper market growth during the forecast period, according to Grand View. 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.
Disposable diapers dominated the global market with nearly two-thirds of the total revenue in 2014 and are expected to gain 5.4% a year during 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, Philips Healthcare, Kimberly Clark, SCA and Associated Hygienic.
But at the same time, health awareness regarding health hazards resulting from chemicals used in disposable diapers is expected to hamper the global baby diaper market growth during the forecast period, according to Grand View. 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.
Disposable diapers dominated the global market with nearly two-thirds of the total revenue in 2014 and are expected to gain 5.4% a year during 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, Philips Healthcare, Kimberly Clark, SCA and Associated Hygienic.