Transparency Market Research “Baby Diapers Market - Asia Pacific, Middle East, Latin America and South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the market was valued at USD 20,755.4 million in 2014, which is expected to reach USD 34,872.0 million by 2021, growing at a CAGR of 7.6% from 2015 to 2021. In terms of volume the baby diapers market in Asia Pacific, Middle East, Latin America and South Africa was valued at 3,270.7 million units in 2014 and is expected to reach 5,967.2 million units by 2021, growing at a CAGR of 8.8% from 2015 to 2021.
The Baby Diapers Market is expected to undergo several changes such as a result of increasing awareness about hygiene among consumers. In recent times, the healthcare facilities have improved considerably in the developing countries. Due to this factor, the infant mortality rate has reduced considerably. Apart from this, increasing environmental awareness among the consumers is also expected to boost the demand for biodegradable diapers. Besides, the manufacturers are focusing on product differentiation in terms of price and style variations in order to strengthen their customer base. By product type, the baby diapers market has been segmented into cloth diapers, disposable diapers training nappies and swim pants.
The baby diapers market is primarily driven by factors such as high birth rate and decreasing infant mortality rate. Moreover, rapid urbanization coupled with increasing disposable income has also fuelled the growth of baby diapers market. Apart from this, increasing awareness about hygiene and sanitation is also expected to drive the demand for baby diapers.
Asia pacific held the largest market share of baby diapers market in terms of both revenue and volume in 2014 and is expected to continue its dominance throughout the forecast period. The region’s large population and the growth of disposable income are major factors boosting the demand for baby diapers in this region. The Asia Pacific market is expected to be followed by Latin America in terms of both revenue and volume throughout the forecast period.
The disposable diapers segment held the largest share of the baby diapers market in Asia Pacific, Latin America, the Middle East and South Africa in 2014. Rapid industrialization and increasing disposable income are some of the factors boosting the demand for disposable diapers.
Market participants are striving to manufacture and market improved variants of baby diapers to remain competitive. The key companies among them are Indevco Group, Kao Corporation, Bumkins Finer Baby Products, Inc., Hengan International Group Company Limited, Johnson & Johnson, Unicharm Corporation, Wipro Consumer Care and Lighting Ltd., Kimberly-Clark Corporation, Procter & Gamble Company, and SCA Hygiene.
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