PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587937
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1587937
China baby diapers market is estimated to be valued at USD 10.33 Bn in 2024 and is expected to reach USD 15.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 10.33 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.70% | 2031 Value Projection: | US$ 15.23 Bn |
As per estimates from Statista released in December 2023, more than 30 million babies are born in China each year. Due to growing disposable income levels and increasing awareness about baby hygiene products, parents are increasingly preferring the use of disposable diapers. China's one child policy that was relaxed in 2015 allowing every couple to have two children is expected to boost diaper sales in coming years. Factors such as increasing urbanization, nuclear family structure, and rising women workforce participation are supporting the adoption of baby diapers for convenience. Furthermore, initiatives by both international and domestic brands to launch innovative, skin-friendly diaper varieties are strengthening market demand for baby diapers. However, rising raw material prices remain a challenge for manufacturers.
China baby diapers market is driven by factors such as rising birth rate, growing middle class population with higher disposable income, rapid urbanization, increasing awareness about benefits of using baby diapers among parents, and launch of innovative products by key players such as P&G. However, high prices of raw materials including pulp and polyethylene used in diaper production is a major challenge for market players. Stringent government regulations regarding production and marketing of baby care products is also restraining market growth. Opportunities for market expansion lie in introducing sustainable and eco-friendly diaper variants, targeting tier 2 and tier 3 cities, and promoting usage through online retail channels and social media marketing. Key players could also focus on developing biodegradable diapers using plant-based materials to capitalize on the emerging trend of sustainable baby products.
This report provides in-depth analysis of the China baby diapers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the China baby diapers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Procter & Gamble, Kimberly-Clark, Hengan, Unicharm Corp., Ever Beauty, Johnson & Johnson, Fiveram, and AVENT
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The China baby diapers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the China baby diapers market.