Zion Market Research, the market research group announced the analysis report titled ‘Adult Diapers Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2021‘
The study concludes that the global Adult Diapers Markets expected to grow at a CAGR of 7.50% between 2016 and 2021. The market revenue of $9,246.36 million in 2015, is expected to reach $14,592.72 million by 2021. The main drivers for the growth of the market increase in numbers of women working outside the home.
Adult diapers are essential for adults with different conditions, such as incontinence, mobility impairment, severe diarrhea or dementia.
North America regional market is by far the largest in the global adult diaper market. North America is expected to experience moderate growth of market because of mature market for adult diapers, high product diffusion, product saturation and low competitions along the manufacturer. U.S. is the leading region because of increasing use of top brands and recovering the economic conditions.
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Asia Pacific is projected to be the fastest regional market for the adult diaper within the forecast period. Developing countries are anticipated to experience largest growth owing to shift in lifestyle and rising population. Japan was the leading country in the Asia Pacific region. China followed by India, has the biggest population of senior citizens and is also anticipated to demonstrate fastest growth in the next few years. India and China show the maximum growth due to increasing disposable and dual income coupled with growth in literacy rate of women. Adult diaper market has huge opportunity in the untapped emerging markets of Asia Pacific due to increasing population coupled with increased awareness…
European countries are predicted to show marginal growth during the forecast period due to the increasing awareness and improving healthcare sector. Western Europe found to be the leading market for incontinence products owing to escalating geriatric population, and rising demand for home healthcare products. Eastern Europe has less effect of rise in geriatric population compared to Western Europe.
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Middle East is dominating cloth diapers and is likely to surge the growth of cloth diaper market in near future. Africa is predicted to show huge market growth for adult diapers in the forecast period owing to unexploited demand, remarkable growth opportunities, and abundance raw material along with swift in economic growth. Procter and Gamble, Unicharm and Kimberly-Clark are some of the key leading manufacturers that are expanding their business in Africa. Brazil is the largest market in Latin America and is likely to witness huge demand for the adult diapers due to medical advancement and growing disposable income.
In the past couple years, baby diaper market giants, Kimberly-Clark KMB and Procter & Gamble have introduced novel products and marketing intended at non-senior adults with bladder leakage. First quality enterprises, inc., Daio paper, Covidien, Kao Corp., Kimberly Clark, Hengan Group, Medline Industires, Unicharm, Nippon Paper Industries, Ontex International, and DSG international, are some of the key participants in the adult diaper market.
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