In the last few years, global adult diapers market players such as Procter & Gamble and Kimberly-Clark KMB have rolled out novel items and marketing aimed at non-senior adults suffering from bladder leakage. Daio paper, First quality enterprises, inc., Kao Corp., Covidien, Hengan Group, Kimberly Clark, Unicharm, Medline Industries, Ontex International, Nippon Paper Industries, and DSG international are some of the major players in the adult diapers market.
As per the report Zion Market Research, global adult diapers market was capitalized at USD 9,246.36 Million in 2015 and is anticipated to cross USD 14,592.72 Million by the end of 2021, developing at a CAGR of 7.50% from 2016 to 2021. The global adult diapers market crossed 17,689.3 Million units in 2015 in terms of volume.
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Economic Affluence, Aging Population, And Improvement Of The Healthcare Industry To Boost The Adult diapers market
“Increasing urbanization, growing aging population, and increased awareness of treatment techniques for urinary incontinence are likely to be the primary catalysts for the global adult diapers market,” claim analysts at Zion Market Research. Economic affluence, aging population, and improvement of the healthcare industry are likely to boost the adult diapers market growth in the years to come. On the other hand, instability in costs of raw material might hinder the requirement for adult diapers market in the coming years.
However, the ever-surging requirement for the new items that comprise skin friendly, body fit, stretchable, superior absorption, odor free, and stylish qualities is likely to unlock new avenues in the adult diapers market. Various marketing strategies and launches of new products by market players will boost the profit charts of the adult diapers market. For example, in July 2018, Willow (a New York-based company) started an online boutique for adult diapers, thereby propelling the growth of adult diapers market.
The adult diapers market is divided based on different goods comprising pants-type adult diapers, pad type adult diapers, and others along with flat type adult diapers. Pad type adult diapers added up for the bulk of share in 2015 in the global adult diapers market. It added up for almost 48.01% share of the overall adult diapers market in terms of revenue.
Rising Population And Altering Lifestyle To Suffice The Development Of Adult diapers market In Asia Pacific
Area-wise, the adult diapers market is divided into Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. North America ruled the adult diapers market chased by Europe. The Asia Pacific is also likely to show reasonable development for the adult diapers market in the coming years. Developing nations are likely to undergo the biggest growth in the adult diapers market due to rising population and altering lifestyle. China chased by India, has the largest population of elderly citizens and is also likely to show the quickest development in adult diapers market in the years to come.
The global adult diapers market is segmented as follows:
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