The Global Diaper Market Is Estimated To Propelled By Rising Birth Rates Globally
Diapers are essential absorbent garments worn by babies and older children who are not toilet trained or suffer from urinary or fecal incontinence. They provide hygiene and comfort for babies and absorbent products for urine and stool.
The global diaper market is estimated to be valued at US$ 93.4 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Rising birth rates around the world have been a key driver boosting the growth of the global diaper market. According to the United Nations, the global birth rate was estimated to be around 20 births per 1,000 people in 2021. Regions witnessing increase in birth rates are Asia Pacific and Africa. India is expected to surpass China as the world’s most populous nation by 2023. The high birth rate in developing nations is propelling the demand for diapers in these untapped regional markets.
SWOT Analysis
Strength: Diapers offer convenience and hygiene for babies and toddlers. They help prevent urine and stool leakage, keeping the baby and caregiver clean and comfortable.
Weakness: Disposable diapers produce a large amount of non-biodegradable waste that ends up in landfills. The chemicals used in their production and components like plastic raise environmental concerns.
Opportunity: Rising income levels and growing working women population in developing regions boost demand. Innovation in eco-friendly diaper materials present new opportunities.
Threats: Stagnant birth rates in developed nations pose a threat. Economic slowdowns and recessions lower consumer spending on non-essential items like diapers.
Key Takeaways
The Global Diaper Market Demand is expected to witness high growth over the forecast period. The global diaper market is estimated to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030
North America currently dominates the market owing to high birth rates and disposable income of consumers in countries like the US and Canada. Asia Pacific is expected to be the fastest growing region due to increasing disposable incomes and rising birth rates in developing nations like India and China.
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. Innovation in eco-friendly diaper materials and focus on organic and natural ingredients will help players improve their market share. Partnerships with local retailers and distributors are a key strategy adopted by players to penetrate regional markets.
Diapers are essential absorbent garments worn by babies and older children who are not toilet trained or suffer from urinary or fecal incontinence. They provide hygiene and comfort for babies and absorbent products for urine and stool.
The global diaper market is estimated to be valued at US$ 93.4 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: Rising birth rates around the world have been a key driver boosting the growth of the global diaper market. According to the United Nations, the global birth rate was estimated to be around 20 births per 1,000 people in 2021. Regions witnessing increase in birth rates are Asia Pacific and Africa. India is expected to surpass China as the world’s most populous nation by 2023. The high birth rate in developing nations is propelling the demand for diapers in these untapped regional markets.
SWOT Analysis
Strength: Diapers offer convenience and hygiene for babies and toddlers. They help prevent urine and stool leakage, keeping the baby and caregiver clean and comfortable.
Weakness: Disposable diapers produce a large amount of non-biodegradable waste that ends up in landfills. The chemicals used in their production and components like plastic raise environmental concerns.
Opportunity: Rising income levels and growing working women population in developing regions boost demand. Innovation in eco-friendly diaper materials present new opportunities.
Threats: Stagnant birth rates in developed nations pose a threat. Economic slowdowns and recessions lower consumer spending on non-essential items like diapers.
Key Takeaways
The Global Diaper Market Demand is expected to witness high growth over the forecast period. The global diaper market is estimated to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030
North America currently dominates the market owing to high birth rates and disposable income of consumers in countries like the US and Canada. Asia Pacific is expected to be the fastest growing region due to increasing disposable incomes and rising birth rates in developing nations like India and China.
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. Innovation in eco-friendly diaper materials and focus on organic and natural ingredients will help players improve their market share. Partnerships with local retailers and distributors are a key strategy adopted by players to penetrate regional markets.
For more Insights, Read –
https://www.rapidwebwire.com/diaper-market-trends-size-and-share-analysis/
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