Biodegradable Diapers Are in High Demand
The diaper market is will hit a value of around $ 91 billion in 2030. The snowballing number of working females and the increasing adult population around the world are some of the major factors of growth propelling the total diaper industry. Furthermore, rapid advancement is expected in the countries like China, India, South Korea, Australia, and the MEA in this decade, owing to the surging count of working women, growing population, and rising rate of urbanization.
In the outlook of the diaper market, the demand for adult diapers was faster till 2019, and it will continue like this in the coming years. The increasing count of adult incontinence cases globally has led to the widespread acceptance of adult diapers. Adult diapers are a significant part of personal hygiene. Furthermore, reducing reluctance among adults and the easy obtainability and affordability of this kind of product are also important. With the elderly population likely to rise, the demand for adult diapers will also rise. The number of elderly persons will rise to 1.5 billion in 2050.
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The increasing demand for ecological biodegradable diapers is another significant driver for the global diaper market. With babies utilizing between 2,500 and 3,000 disposable diapers in the very first year, there is a huge strain on the environment. For example, disposable diapers have only 2% of the U.S.’s landfill waste. Eco-friendly biodegradable diapers have increased huge adhesion recently and are now making an important contribution to the industry. These are not made from petrochemicals, or skin irritants, consequently are safe and secure for baby skin.
The increase in the number of older people globally will result in noteworthy alterations in the diaper market. The elderly population has a snowballing prevalence of incontinence disease among people. For example, it affects above 13 million persons in the U.S. It is further common in elderly women, happening at a ratio of 2 to 1, as opposed to men, because of numerous reasons. The nations like India, the People’s Republic, Thailand, and South Korea, have a large proportion of the aging population.
Supermarkets/hypermarkets will grow at a higher pace in this decade. This is because of the growing popularity of supermarkets among global buyers These are a one-stop-shop for diapers at discounted prices, thus giving customers a greater purchasing power. These compensations of supermarkets/hypermarkets are boosting the industry. The progress in supermarkets is well complemented by the increasing urbanization rate and income of the people, particularly in India, China, and South Korea.
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An obvious trend being in the diaper market is the expansion of absorbent-core expertise. Since the introduction of this skill recently, the demand for absorbent materials has prolonged vividly, therefore having a stronger influence on the industry. This polymer is fashioned from the polymerization of acrylic acid along with sodium hydroxide, in the incidence of an initiator, for the formation of the sodium salt of poly-acrylic acid. The demand for diapers is on the rise because of the rapidly growing elderly and overall population around the world.
SOURCE: P&S Intelligence