Diaper Market Market SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis, Emerging Trends, Key Players, Future Scope | Johnson & Johnson, Kao Corporation, Oji Holdings Corporation

One of the biggest factors responsible for the growing global demand for diapers is the surging population of geriatric people in several countries around the world. This is because the soaring geriatric population is fueling the rising incidence of incontinence diseases around the world. For example, these diseases are currently affecting over 13 million people in the U.S. Moreover, incontinence diseases are highly prevalent among aging women and occur at a ratio of 2:1 in women and men respectively.

Apart from the increasing geriatric population, the rising public awareness about the various benefits of incontinence products is also propelling the sales of diapers across the world. Moreover, the soaring disposable income of people is massively boosting the sales of diapers across the globe. Besides these factors, the burgeoning requirement for environment-friendly biodegradable diapers is also fueling the sales of diapers. As per reports, between 2,500 and 3,000 disposable diapers are used on babies during their first year.

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For example, in the U.S., disposable diapers account for only 2% of the country’s total landfill waste. This means that a majority of these diapers are not disposed of properly. As traditional single-use diapers are not biodegradable, their improper disposal is augmenting environmental degradation. As a result, the popularity of environment-friendly diapers is growing rapidly across the world. These diapers are not produced from petrochemicals or other environmentally toxic materials and are therefore, safe for the environment.

Due to the aforementioned factors, the sales of diapers are soaring all over the world. This is propelling the advancement of the global diaper market. As per the forecast of P&S Intelligence, a market research company based in India, the market valuation will rise from $50.5 billion in 2019 to $90.8 Billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 5.7% between 2020 and 2030.

Adult and baby diapers are the two main types of diapers used across the world. Between the two, the sales of baby diapers were observed to be higher during the past few years and this trend is predicted to continue in the forthcoming years as well. This will be because of the increasing birth rate in the emerging economies and the growing public awareness about hygiene all over the world.

In addition to the aforementioned factors, the increasing disposable income of people is also propelling the sales of baby diapers around the world. Globally, the sales of diapers were found to be the highest in the Asia-Pacific (APAC) region in the past years and this trend will continue in the upcoming years. This will be a result of the increasing number of working women, the rising urbanization rate, and the ballooning public awareness about personal hygiene in the regional countries.

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Hence, it is safe to say that the sales of diapers will soar all over the world in the upcoming years, primarily because of the rising incidence of incontinence diseases, the increasing geriatric population, and the growing public awareness about hygiene.

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.