PUBLISHER: Grand View Research | PRODUCT CODE: 1376218
PUBLISHER: Grand View Research | PRODUCT CODE: 1376218
The global disposable hygiene products market size is expected to reach USD 304.24 billion by 2030, according to a new report by Grand View Research, Inc.. The market is projected to grow at a CAGR of 4.6% from 2023 to 2030. The elderly population mostly relies on disposable diapers, pull-up pants, and pads to manage incontinence. Therefore, the expanding aging demographic and heightened awareness regarding the accessibility of incontinence products are propelling market growth over the forecast period. Moreover, a rising number of working women are increasingly opting for feminine hygiene products like premium tampons, panty liners, and pads to meet their menstrual management requirements. This trend is positively influencing the global demand for disposable feminine care products.
Moreover, leading companies are consistently introducing disposable hygiene products like feminine hygiene products with enhanced absorption and skin-friendly features, aiming to bolster their standing in the global personal care sector. These endeavors by these companies are expected to contribute to the future growth of the market. For instance, in August 2021, Sani Professional, a subsidiary of PDI International, introduced a new soft pack containing 75 extra-large heavy-duty disposable wipes for a global consumer base. These multi-surface wipes, designed for degreasing, enable commercial establishments like healthcare and food service facilities to provide a sanitized environment for their clientele.
Adult diapers are growing at the fastest growth rate over the forecast period owing to technological advancements that have led to a significantly increased utilization of disposable adult diapers among the elderly population. These diapers provide a novel solution for effectively managing incontinence issues, incorporating a gel-like polymer bead core that enhances their absorbency. This improvement results in increased comfort and protection for consumers. As a consequence, the heightened demand for disposable diapers due to their improved fluid retention and absorption features is expected to drive market growth in the coming years.
Sales through online distribution channel is expected to propel the market growth over the forecast period. The rapid growth of online platforms in emerging markets like India and China is prompting manufacturers to straighten their retail strategies in these countries. The brands are aiming to make internet commerce more accessible, affordable, and consumer-friendly. Amazon.com, Inc. continues to be one of the largest online retailers of wet wipes worldwide.
Asia Pacific is the fastest-growing region in terms of market growth over the forecast period owing to the demand for personal care products like diapers, toilet paper, wipes, feminine hygiene products and similar items increasing among the population in China and Southeast Asia. In addition, there is a growing emphasis on hygiene and cleanliness, coupled with an increase in purchasing power, which is fueling the market's growth in this region. As an example, Hengan International Group Company Limited, a prominent Chinese manufacturer of paper products, disclosed a sales value of USD 727.00 million for tissue paper in the first half of 2021.
Manufacturers have been adopting strategies such as new product launches, partnerships, and mergers to gain significant market share and reach new audiences. For instance, in January 2023, Finess Hygiene, a manufacturer of disposable hygiene products merged with ABENA AB. The long-standing partnership between ABENA AB and Finess Hygiene is naturally being extended by their merger. This merger has strengthened collaborations and opportunities for the joint work ahead.