World Diaper Market: 5.34% CAGR Driven by Adult Population and APAC to 2020
PUNE, India, April 15, 2016 /PRNewswire/ --
The global diaper market is expected to post a steady growth rate over the next five years with the current adult and growing aging population across the world being one of the most important drivers of this market. The growing disposable income and the resultant increasing purchasing power are driving the demand for incontinence products like diapers. These products are very convenient and easy to use, which adds to their demand.
Complete report on diaper market spread across 69 pages, analyzing 5 major companies and providing 38 data exhibits is now available at http://www.reportsnreports.com/reports/524624-global-diaper-market-2016-2020.html
The analysts forecast the global diaper market to grow at a CAGR of 5.34% during the period 2016-2020. Emerging countries in APAC such as China, South Korea, Thailand and India have a dense aging population that is mostly price sensitive. This population also had a limited awareness of the availability and advantages of adult incontinence products even in the recent past. However, the increasing number of awareness programs about incontinence and personal hygiene, commercial advertisements, and the growing disposable income of middle- and upper-class consumers are propelling the growth of the market in these countries.
This report covers the present scenario and the growth prospects of the global diaper market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of different types of baby and adult diapers. Order a copy of Global Diaper Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=524624
Segmentation by Distribution Channel and Analysis of the Diaper Market - Online and Offline
During 2015, the offline segment dominated the diaper market and accounted for close to 88% of the market share by revenue, clearly indicating that majority of consumers prefer to buy diapers from brick-and-mortar stores. One of the main reasons for the high sales of diapers from stores, especially in developing countries, is low Internet penetration.
Geographical Segmentation and Analysis of the Diaper Market - Americas, APAC and EMEA
During 2015, the Americas held the largest market share of 35% of the global diaper market and is expected to reach over USD 22 billion by the end of the forecast period. Factors such as the immense popularity of the product and their high adoption rate will propel this market's growth in the Americas.
The diaper market is highly competitive with the vendors competing to gain market share. The prevailing competition and advances in technology pose challenges for the vendors. These vendors compete on the basis of product differentiation, product portfolios, technology, manufacturing capacity, and pricing. With the rising demand for quality and eco-friendly products, the market is expected to witness an influx of new product launches which will drive the market in the next five years.
Key players in the global diaper market: Kao, Kimberly-Clark, Procter & Gamble (P&G), Svenska Cellulosa Aktiebolaget (SCA), and Unicharm.
Other prominent vendors in the market are: Associated Hygienic Products, Attends Healthcare Group, Cotton Babies, Covidien, Drylock Technologies, Evergreen World, First Quality, Fisher-Price, GroVia, Hypermarcas, KCK Industries, Medline Industries, Ontex International, Philips, and Hain Celestial Group.
Further, the report states that the growth of the global diaper market will likely be hindered by some major challenges. One of these is the declining birth rates, primarily in western countries, where there is a relatively high penetration of diapers compared to developing countries.
Another related report is Global Baby Diaper Market 2015-2019: analysts forecast global baby diaper market to grow at a CAGR of 4.76% in terms of revenue over the period 2014-2019. The global baby diaper market can be segmented into five: disposable diaper, training diaper, cloth diaper, baby swim pants, and biodegradable diapers. Browse complete report @ http://www.reportsnreports.com/reports/421394-global-baby-diaper-market-2015-2019.html
Key players in the global baby diaper market: Hengan, Kao, Kimberly-Clark, P&G, SCA and Unicharm
Other prominent vendors in the market are: Associated Hygienic, Cotton Babies, Drylock, First Quality, Fischer-Price, GroVia, KCK, Ontex, OsoCozy, Philips, Pigeon, Seventh Generation, Hain Celestial and The Honest Co.
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