Baby Diapers Market to Reach $80.99 Bn, Globally, by 2030 at 5.3% CAGR: AMR
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Rise in working women population and inclination toward use of disposable diapers for their benefits such as convenience, safety, and time-saving have boosted the growth of the global baby diapers market. However, adverse effects of baby diapers on baby's health hinder the market. On the contrary, rise in disposable income and advent of technology that can track humidity in baby's diapers would open new opportunities in the future.
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The disposable diaperssegment held the largest share
By product type, the disposable diaperssegment held the largest share in 2020, accounting for more than three-fourths of the global baby diapers market, as it helps in prevention of skin rashes. However, the cloth diapers segment is expected to register the highest CAGR of 6.3% during the forecast period, as they are hygienic, highly absorbent, and free of toxic chemicals.
The hypermarket and supermarketsegment dominated the market
By distribution channel, the hypermarket and supermarket segment held the lion's share in 2020, contributing to nearly two-fifths of the global baby diapers market, due to variety of food and household products. However, the e-commerce segment is estimated to manifest the highest CAGR of 7.6% from 2021 to 2030, due to easy accessibility offered by online platforms.
North America held the largest share
By region, the global baby diapers market across North America dominated in 2020, holding more than one-third of the market, due to high expenditure on premium quality diaper and high per capita income. However, the market across Asia-Pacific is projected to portray the highest CAGR of 5.7% during the forecast period, owing to rise in disposable income and inclination to purchase fashionable, convenient, and disposable diapers.
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