How current major trends will shape the baby diaper market in the future – The Courier
According to the report published by Allied Market Research, the global market baby diapers market was estimated at $ 52.6 billion in 2019 and is expected to reach $ 68.3 billion by 2027, registering a CAGR of 5.0% from 2021 to 2027. The report provides a detailed analysis of the main pockets of investment, best winning strategies, drivers & opportunities, market size & estimates, competitive landscape and changing market trends.
Technological and product innovations, increasing number of working women, increasing disposable income and increasing birth rate are driving the growth of the global baby diaper market. On the other hand, certain regulatory acts slow growth to a certain extent. Nonetheless, advancements in products and internet marketing are expected to create lucrative opportunities in the future.
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- The outbreak of the pandemic disrupted the supply chain, and the manufacturing activities of the global baby diaper industry were significantly distorted during the first phase of the lockdown.
- Still, as the lockdown has eased and several government agencies introduce relaxations on existing rules and sayings, the market is expected to recover soon.
The global baby diapers market is analyzed on the basis of product type, size, age group, distribution channel, and region. Based on product type, the disposable diaper segment accounted for over four-fifths of the total market share in 2019 and is expected to dominate by the end of 2027. The cloth diaper segment, on the other hand, would show the CAGR on faster. by 5.9% over the forecast period.
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On the basis of size, the mid-size (M) segment contributed around half of the total market revenue in 2019 and is expected to reign on the roost by 2027. At the same time, the extra-large (XL) segment would exhibit the fastest CAGR. 7.0% from 2021 to 2027.
Based on region, North America captured the largest share in 2019, generating nearly two-fifths of the global market. Simultaneously, the Asia-Pacific market is reportedly posting the fastest CAGR of 6.7% throughout the forecast period. The other two regions studied in the report include LAMEA and Europe.
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Leading market players analyzed in the Global Baby Diaper Market report include Bumkins Finer Baby Products Inc., Domtar Corporation, EssityAktiebolag (PUBL), First Quality Enterprises Inc., Hengan International Group Company Limited, Kao Corporation, Kimberly- Clark Corporation, Ontex Group NV, The Procter & Gamble Company and Unicharm Corporation. These market players have used several strategies including partnership, expansion, collaboration, joint ventures and others to prove their position in the industry.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of âmarket research reportsâ and âbusiness intelligence solutionsâ. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.