According to the report, the global baby diapers market accounted for around USD 46.50 Billion in 2016 and is expected to reach approximately USD 67.46 Billion by 2022, growing at a CAGR of around 6.4% between 2017 and 2022.
Zion Market Research has published a new report titled “Baby Diapers Market for Biodegradable Diapers, Training Nappy, Cloth Diapers, Swim Pants and Disposable Diapers: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016- 2022”. According to the report, the global baby diapers market share accounted for around USD 46.50 Billion in 2016 and is expected to reach approximately USD 67.46 Billion by 2022, growing at a CAGR of around 6.4% between 2017 and 2022.
The growth of the global baby diapers market is mainly attributed to increasing disposable income in emerging economies paired with growing literacy rate of female population. In addition, globally increasing birth rates in developing region and concern about baby’s hygiene spur baby diapers demand. Furthermore, growing online purchase of baby diapers favors the market growth. On a contrary, dropping birth rate in the developed countries is expected to have the adverse impact on baby diapers market growth. Nonetheless, increasing demand for the advanced product and significant demand from developing countries are some of the factors which may disclose new avenues for baby diapers market in the near future.
Disposable diapers dominated baby diapers market in 2016 owing to easy usability and continuous advancement in products by manufacturers. Biodegradable baby diapers are expected to become the most attractive segment in the forecast period due to rising environmental concerns and shifting consumer preferences. With the largest share, North America was a leading regional market for baby diapers in 2016 followed by Europe. High product advancement, increasing literacy rate, and immense opportunities in emerging region are expected to fuel the growth of baby diapers market in coming years. Asia Pacific is expected to be the most attractive region during the forecast period and expected to grow with highest CAGR. Increasing number of the female workforce will be the key factor to boost the demand for baby diapers in future.
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culled from Zion Market Research Report