Published By : 23 May 2016 | Published By : QYRESEARCH
The baby diapers market is expected to grow owing to the rising awareness among parents regarding hygiene. The global baby diapers market is also expected to be driven due to the focus of manufacturers on differentiating the production of diapers in terms of style, price, and others to strengthen the customer base. Moreover, the demand for biodegradable diapers is expected to rise due to an increasing awareness among consumers regarding the environment. According to a market intelligent company called Transparency Market Research (TMR), the baby diapers market in Asia Pacific, Middle East, Latin America, and South Africa is expected to rise at a 7.6% CAGR between 2015 and 2020. The market which was valued at 20,755.4 mn in 2014, is expected to reach USD 34,872.0 mn by 2021.
Disposable Diapers to Hold the Largest Market Share in Asia Pacific, Latin America, Middle East and South Africa
The market for baby diapers is segmented on the basis of product type, into cloth diapers, disposable diapers, training nappy, swim pants. Of these, disposable diapers held the largest market share in the baby diapers market owing to ease of handling. The disposable diapers segment is expected to lead in the coming years too, due to the busy lifestyle of parents and the introduction of different package sizes by the manufacturers, to meet the demands of the consumers.
Rapid Urbanization to Fuel Demands for Baby Diapers in India
India is one of the leading markets for baby diapers in Asia Pacific. The reason behind the growth of the market in the region can be attributed to the growing urbanization and increasing customer awareness in the rural areas regarding the benefits of diapers. Increasing disposable income is expected to drive the market in other countries such as Iran, Saudi Arabia, and Brazil. Decreasing infant mortality rate is also one of the factors leading to the growth of the market in these countries.