Elastic Laminates Market to Witness Impressive Growth at 5.4% CAGR through 2028, Projected to Reach US$ 8.4 Billion

The global elastic laminates market is poised for substantial growth between 2022 and 2028, with a projected CAGR of 5.4%, ultimately reaching a valuation of $8.4 billion by 2028. Elastic laminates exhibit exceptional stretch properties, making them a valuable component for manufacturers in the diaper, adult incontinence, and feminine care sectors, enhancing comfort in their products. These laminates play a crucial role in providing superior stretchability to hygiene items.

However, the market's trajectory is subject to an array of industry factors, including environmental conditions such as humidity and temperature within hygiene products, which might impact elastic laminate market growth. Noteworthy advancements include the integration of breathable films and non-woven webs, as well as the emergence of sustainable material-based elastic laminates.

A significant development was Nitto Denko Corporation's acquisition of Mondi Group's personal care components business in February 2022. This transaction underscores the ongoing evolution and competitive dynamics within the elastic laminates market. medical tapes are expanding a rising piece of pay to the overall elastic laminates market, says the report.

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Tending to relative temperature and stickiness inside cleanliness and incontinence items has been quite difficult for producers, which keeps on outfitting research interests of a portion of the main elastic laminates makers. Organizations are hence exploring different avenues regarding plan materials for elastic laminates.

Non-woven networks and breathable movies are right now being seen as an expected answer for really tackle moistness-related issues related with elastic laminates, dominatingly utilized for incontinence and cleanliness items. Merries Disposable Diaper, one of the first to present a child diaper with practically 40% unrivaled breathability highlight, keeps on zeroing in on breathable material developments.

List of Key Players Covered in the Elastic Laminates Market are:

Golden Phoenix Fiberwebs, Inc.
Pantex International S.p.A.
Neos Italia Srl
Mondi Group plc
Berry Global Group, Inc.
Exxon Mobil Corp
Tredegar Corporation
Schweitzer-Mauduit International, Inc.
Kraton Corporation
Aplix S.A.

Driven by easy availability and economic price point, propylene will remain a preferred choice of material among manufacturers of elastic laminates. However, manufacturing elastic laminates using elastomers that are based on ethylene, polyethylene terephthalate, and styrene-block copolymers has been emerging as a popular trend since the recent past.

Technological advances targeting development of low-priced high-performance hygiene products are cited as an important demand determinant pushing performance of elastic laminates market. Manufacturers of hygiene and incontinence products are focusing on introducing products that are based on sustainable material-based elastic laminates. According to the report, a rapid shift to recyclable and bio-based materials is driving strategic developments of a number of companies investing active R&D efforts in promoting biodegradable elastic laminates in the market.

Preview Analysis of Elastic Laminates Market Segmented by (Material type - ethylene-based elastomers, propylene-based elastomers, Styrene-block copolymers & others; Structure - elastic strand-based, elastic film-based, elastic netting-based, and elastic nonwovens-based; Applications - hygiene, medical & other;)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2022-2028

How Has Covid-19 Impacted The Elastic Laminates Market?

The outbreak of Covid-19 did disrupt the verticals all across. However, the fact that the healthcare vertical was continuously on the move and would continue with the same in the upcoming period can't be ignored. Elastic laminates are used in essential items, so there won't be anything to apply brakes to this market.

Competitive Landscape

Elastic laminates are being used in diapers in adhesive closure systems such as frontal tapes and elastic mechanical tapes.

Lohmann-koester GmbH & Co. KG offers elastic laminates for application in baby diapers such as for frontal tapes, elastic mechanical tapes, and elastic side panels.
Procter & Gamble introduced new and improved Pampers Cruisers Diapers with extra absorb channels, which enable babies to stay drier, and the diaper does not sag like ordinary diapers.
Schweitzer-Mauduit International, Inc. increased the production of polypropylene-based netting and non-woven products.

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Key Segments Covered In Elastic Laminates Industry Research

by Material Type:

Ethylene-based Elastomers
Propylene-based Elastomers
Styrene-block Copolymers
Others (PET-based)

Elastic Laminates Market by Structure:

Elastic Strand Based
Elastic Film Based
Elastic Netting based
Elastic Nonwovens Based

by Application:

Medical
Hygiene
Other Applications

by Region:

North America Elastic Laminates Market
Latin America Elastic Laminates Market
Europe Elastic Laminates Market
East Asia Elastic Laminates Market
South Asia Elastic Laminates Market
Oceania Elastic Laminates Market
Middle East & Africa (MEA) Elastic Laminates Market

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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.