By Volume, Global Baby Diaper Market is Expected to Expand at a CAGR Of 3.5% by 2024

Persistence Market Research (PMR), in its recent outlook titled, “Global Market Study on Baby Diaper: Rise in Production of Novel Hygiene Products is Expected to Fuel Demand for Baby Diapers”, projects that the global baby diaper market revenue will expand at a CAGR of 4.1% during the forecast period.

On the basis of product type, the market is segmented into cloth, disposable, training nappy, swim suit, and others. On the basis of type, the market is segmented into tape style and pant style. Growth of the global baby diaper market is driven by improved raw material and technological advancements with regard to products. Based on distribution channel, the market is segmented into supermarket/hypermarket, convenience store, retail store, speciality store, and Internet selling.

This report covers trends driving each segment and offers analysis and insights regarding the potential of the baby diaper market in specific regions. In terms of volume, Asia Pacific and Europe collectively accounted for more than 59.0% share in the global market in 2015. Also, Asia Pacific is expected to remain the largest market through 2024, followed by North America and Europe.

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In terms of volume, the global baby diaper market is expected to expand at a CAGR of 3.5% during the forecast period, and is projected to account for 379,907 units by 2024 end. In terms of volume, the baby diaper market in Asia Pacific accounted for 41.0% in 2015, owing to high demand and spending capacity of buyers in this region. Diaper manufacturers are now focusing towards more sophisticated and aggressive marketing strategies, which is another factor anticipated to positively impact growth of the global baby diaper market in the near future.

Key players in the global baby diaper market include Kimberly-Clark Corporation, Procter and Gamble, Unicharm Corporation, Svenska Cellulosa Aktiebolaget SCA, Kao Corporation, Johnson & Johnson Private Ltd., Nobel Hygiene Pvt Ltd., Bummis, Fujian Shuangheng Group Co., Ltd., and Bumkins Inc.

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