November 14, 2022
WILMINGTON, Del., Oct. 18, 2022 /PRNewswire/ -- By 2021, the value of global baby diaper market stood at US$ 36.5 Bn. It is predicted that the global market is anticipated to rise at 5.1% CAGR during the forecast period, from 2022 to 2031. By 2031, the global baby diaper market is anticipated to touch value of US$ 59.4 Bn. The future business opportunities in baby diaper are being influenced by an increasing awareness about hygiene and technological innovations in diapers. Growth in the use of baby products, particularly diapers, has been accelerated by rising disposable income in developing nations.
In order to increase the use of baby diapers amongst low-income populations across the world, institutions, non-profit organizations, and governments are providing funds. This is expected to create potential business opportunity for baby diaper. Leading market companies are spending on R&D to provide high-quality, non-toxic, long-lasting, and also allergen-free products derived from plant-based components. In order to diversify their revenue sources, they are also raising awareness about baby diapers utilizing a range of physical as well as online platforms.
Based on value, in 2021, North America accounted for a sizeable portion of the global market for baby diaper. The regional market is being driven by high level of living as well as an increase in public awareness of baby cleanliness and health. The North America market is anticipated to grow during the projected period due to ongoing technological advances in the regional industry.
