Driving the growth of Diaper Market
The global Diaper Market is estimated to be valued at US$ 93.4 Bn or Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis: -
· Strength: - Large untapped growth opportunities in developing regions.
· Weakness: - Presence of local players increasing competition.
· Opportunity: - Rising female workforce is increasing the demand for convenient diaper solutions.
· Threats: - Stiff competition from cheaper alternatives and availability of eco-friendly options.
Key Takeaways: -
The Global Diaper Market Growth is expected to witness high, exhibiting CAGR of 8.4% over the forecast period of 2023 to 2030, due to increasing disposable income and growing female workforce.
Regionally, Asia Pacific dominates the global market and is expected to grow the fastest during the forecast period due to growing birth rates, rising hygiene awareness and increasing spending capacity in countries such as China and India. North America and Western Europe are also major markets for diapers.
Key players operating in the diaper market are Svenska Cellulosa AB, DSG International Ltd., First Quality Enterprises, Inc., Kimberly-Clark Corporation, Abena A/S, Attends Healthcare Products, Inc., Unicharm Corporation, Kao Corporation, Ontex Group, Chiaus (Fujian) Industrial Development Co Ltd and others. Unicharm Corporation holds the largest market share currently.
Read More - https://thewion.com/open-up-the-new-avenue-for-diaper-market/
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