Some of the major companies in the global baby diapers market are SCA Hygiene, Unicharm, Bumkins, Procter & Gamble, Kimberly-Clark, KAO Corporation, Diapees and Wipees, and Hengan amongst others. These players have a lion’s share in the development of baby diapers market.
According to analysts at Zion Market Research, the global baby diapers market added up for almost USD 46.50 Billion in 2016 and is likely to cross almost USD 67.46 Billion by end of 2022, developing at a CAGR of almost 6.4% from 2017 to 2022.
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Rising Disposable Revenue In Emerging Nations To Fuel Global Baby Diapers Market
The development of the global baby diapers market is majorly credited to rising disposable revenue in emerging nations coupled with increasing literacy rate of female population, as per analysts at Zion Market Research. Moreover, worldwide rising birth rates in developing nations and worry about baby’s cleanliness power the baby diapers market. In addition to this, rising online buyout of baby diapers helps the growth of baby diapers market. On the flip side, declining birth rate in the developed nations is likely to have the adverse effect on the growth of baby diapers market. Nevertheless, riding requirement for the enhanced product and significant requirement from developing nations are some of the reasons that might reveal new growth opportunities for baby diapers market in the years to come. Moreover, different mergers and acquisitions by market players are also set to boost the development of baby diapers market. For example, in 2003, GCPL acquired the Shogun Diapers, which is one of the three major players in the baby diapers market.
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Biodegradable Baby Diapers Sector To Dominate The Baby Diapers Market
In 2016, disposable diapers ruled the baby diapers market due to continuous advancement in products by makers and easy usability. Biodegradable baby diapers are likely to become the most eye-catching sector in the near future owing to shifting consumer preferences and increasing environmental concerns. On the other hand, increasing awareness regarding the side effects related to chemicals employed in disposable goods is likely to trigger a shift in user preference towards cloth-based baby diapers in the years to come.
High Product Advancement And Immense Opportunities To Foster The Baby Diapers Market In Asia Pacific
With the biggest share, North America was a dominating area in baby diapers market in 2016 chased by Europe. Increasing literacy rate, high product advancement, and immense opportunities in emerging nations are likely to power the development of baby diapers market in years to come. Asia Pacific is likely to be the most attractive area in the near future and is likely to develop with uppermost CAGR. Rising number of the female labor force will be the major factor to power the growth for baby diapers market in future.
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