Value of Baby Diapers Market in Asia Pacific, Middle East, Latin America, and South Africa to Expand at 7.60% CAGR between 2015 and 2021

2024-10-31 11:48:15 News & Society

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Transparency Market Research, in a report titled ?Baby Diapers Market - Asia Pacific, Middle East, Latin America and South Africa Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021?, states that the Asia Pacific, Middle East, Latin America, and South Africa baby diapers market is projected to rise from a value of US$20.7 bn in 2014 to US$34.8 bn in 2021 at a healthy CAGR of 7.60%. In terms of volume, this market is forecast to grow from 3.2 bn units in 2014 to 5.9 bn units in 2021 at an 8.80% CAGR from 2015 to 2021.

The Asia Pacific, Middle East, Latin America, and South Africa baby diapers market is primarily driven by the high birth rate and declining infant mortality rate in the region. In addition, the introduction of biodegradable diapers, rise in disposable income, and rapid urbanization are also noted to have a positive impact on the baby diapers market. Availability of cheap labor and widening limits of foreign direct investments in emerging economies such as India are projected to greatly benefit the baby diapers market in the near future.

Based on product type, the Asia Pacific, Middle East, Latin America, and South Africa baby diapers market comprises four key segments: disposable diapers, cloth diapers, swim pants, and training nappies. Owing to their ease of handling and the hectic lifestyles of the global population, disposable diapers held the most prominent share in the overall baby diapers market in 2014. Cloth diapers are rather popular in the Middle East and the market for this segment of diapers in this particular region is anticipated to rise during the forecast period.

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On the basis of geography, the baby diapers market is divided into Latin America, Asia Pacific, the Middle East, and South Africa. In 2014, Asia Pacific emerged as the largest market for baby diapers in terms of both volume and revenue. Rise in disposable income and a large population base are the key factors driving the Asia Pacific baby diapers market. In addition, this market is fueled by the increasing consumer awareness in rural areas and rapid urbanization in countries such as India and Indonesia. Brazil, Iran, and Saudi Arabia are some of the other leading nations that are anticipated to witness strong growth over the next five years owing to medical advancements, declining infant mortality rate, and rising disposable income.

The prominent players competing in the Asia Pacific, Middle East, Latin America, and South Africa baby diapers market include Kimberley-Clark Corporation, Bumkins Finer Baby Products, Inc., Wipro Consumer Care and Lighting Ltd., Kao Corporation, Procter and Gamble Company, Indevco Group, SCA Hygiene, Unicharm Corporation, Johnson and Johnson, and Hengan International Group Company Limited.

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