The global Diaper Market is estimated to be valued at US$ 93.4 Bn or Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview: -

Diapers are absorbent garment worn by babies and incontinent adults to absorb and retain urine and feces. They are usually made of synthetic polymer materials or other materials that absorb liquids such as cotton or bamboo. Diapers reduce the contact of body with unwanted waste matter and keep the skin dry.

Market key trends: -

One of the key trends driving growth in the diaper market is the rising awareness regarding hygiene, health and safety concerns especially among parents and caretakers. As parents are more informed about the threat of irritation, rash and infections if babies go without diapers, the demand has increased significantly. Moreover, innovations in diaper design to make them breathable and leak-proof along with the introduction of eco-friendly diapers made of biodegradable materials are also fueling market expansion. The availability of a wide range of diapers for different age groups from newborns to toddlers extending until potty training also presents lucrative opportunities over the forecast period.

SWOT Analysis: -

• Strength: - Large untapped growth opportunities in developing regions.
• Weakness: - Presence of local players increasing competition.
• Opportunity: - Rising female workforce is increasing the demand for convenient diaper solutions.
• Threats: - Stiff competition from cheaper alternatives and availability of eco-friendly options.

Key Takeaways: -

The Global Diaper Market Growth is expected to witness high, exhibiting CAGR of 8.4% over the forecast period of 2023 to 2030, due to increasing disposable income and growing female workforce.

Regionally, Asia Pacific dominates the global market and is expected to grow the fastest during the forecast period due to growing birth rates, rising hygiene awareness and increasing spending capacity in countries such as China and India. North America and Western Europe are also major markets for diapers.

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. Unicharm Corporation holds the largest market share currently.

Read More - https://www.insightprobing.com/diaper-market-share-and-trends-analysis/