Global Baby Diapers Market Set For 7.5% Growth, Reaching $85.62 Billion By 2028
Baby Diapers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033
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What Trends and Factors Are Driving The Baby Diapers Market?
The baby diapers market has grown robustly over recent years, moving from $59.79 billion in 2023 to a projected $64.15 billion in 2024 at a compound annual growth rate CAGR of 7.3%. This momentum can be primarily attributed to factors such as increasing birth rates, restrictive population policies, evolving consumer preferences, rising awareness about hygiene standards, growing women workforce participation, and development of retail infrastructure.
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What Is the Projected Growth Rate And Size Of The Baby Diapers Market Globally?
Significant acceleration in the baby diapers market can be expected in the years ahead, with projections indicating a spike to $85.62 billion by 2028 at a compound annual growth rate CAGR of 7.5%. This projected growth can be attributed to rising parental awareness, the growing use of sustainable diapers, premiumization, the driving influence of social media, government initiatives, and mounting health and wellness concerns.
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What Are The Key Driving Factors And Trends In The Baby Diapers Market?
The increasing number of working women worldwide is expected to significantly contribute to the growth of the baby diapers market in the forecast period. Disposable diapers, which are safe, convenient, and time-saving options that can be discarded and need not be cleaned for reuse, are particularly beneficial for working women. They help to minimize disturbances caused when their child defecates or urinates. For instance, according to the Center for American Progress, a US-based public policy research and advocacy organization, in December 2022, there were 993,000 more working mothers than the previous year, indicating the considerable potential for market growth.
Who Are The Key Players Operating In The Baby Diapers Market?
The market landscape is quite competitive with major players including The Procter & Gamble Company, Hayat Kimya Sanayi A.S., Svenska Cellulosa AB, Kimberly-Clark Corporation, Koninklijke Philips N.V., Toray Industries Inc., Essity AB, Kao Corporation, Unicharm Corporation, Daio Paper Corporation, First Quality Enterprises Inc., Domtar Corporation, Fujian Panda Diaper Co. Ltd., Mölnlycke Health Care, Hengan International Group Company Limited, Ontex Group NV, Wipro Consumer Care Private Limited, Pigeon Corp., The Honest Company, Seventh Generation Inc., Nobel Hygiene Pvt. Ltd., Millennium Baby Care Pvt. Ltd., Swara Baby Products Pvt. Ltd., Cotton Babies Inc., Uniclan Healthcare Pvt. Ltd., Bumkins Inc., Bambo Nature, DSG International Ltd., Fujian Shuangheng Group Co. Ltd., and Drylock Technologies NV.
What Latest Trends Are Influencing The Baby Diapers Market?
Embracing environmental consciousness, companies in the baby diapers market are launching biodegradable diaper pants to protect the environment. These diapers, made from biodegradable fibers such as cotton, bamboo, and starch, break down naturally to turn into soil. To cater to the increasing demand for eco-friendly options, manufacturers are developing 'green' diapers from less harmful raw materials. An example is Pampers' launch of Pampers Pure Protection Hybrid Diapers in May 2021, a reusable cloth diaper with a disposable insert made from a plant-based liner.
How Is The Baby Diapers Market Segmented?
The baby diapers market is segmented as follows:
1 By Type: Cloth Diapers, Disposable Diapers, Other Types
2 By Size: Small And Extra Small S And XS, Medium M, Large L, Extra Large XL
3 By Age Group: Infants 0-6 Months, Babies And Young Toddlers 6-18 Months, Toddlers 18-24 Months, Children Above 2 Years
4 By Distribution Channel: Hypermarket Or Supermarket, Convenience Stores, Pharmacy Or Drug Stores, Online Sales Channel, Other Distribution Channels
What Is The Regional View Of The Baby Diapers Market?
North America was the largest region for the baby diapers market in 2023, while the Asia-Pacific region is expected to be the fastest growing in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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