Baby Wipes Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
The global ''baby wipes market size''is expected to gain momentum by reaching USD 6.57 billion by 2027 whileexhibiting a CAGR of 3.1% between 2020 and 2027. The growth is ascribable tofactors such as the increasing prevalence of baby skin infections and the highspending power of the consumers that is propelling the demand for innovativebaby wipes globally. This information is published by Fortune BusinessInsights, in its latest report, titled, “Baby Wipes Market Size, Share& Industry Analysis, By Product Type (Wet and Dry), Packaging (Pouch/Boxand Tube/Tin), Distribution Channel (Hypermarkets & Supermarkets, Pharmacy,Online Stores, and Others), and Regional Forecast, 2020-2027.” Thereport further mentions that the market stood at USD 5.54 billion in 2019.
COVID-19 Impact Analysis:
The coronavirus incident has causedcolossal loss to several industries across the globe. The governments ofseveral countries have instigated lockdown to thwart the spread of this deadlyvirus. Such plans have caused disturbances in the production and supply chain.But, with time and resolution, we will be able to combat this stern time andget back to normality. Our well-revised reports will help companies to receivein-depth information about the present scenario of every market so that you canadopt the necessary strategies accordingly.
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List of the Companies Profiled in theGlobal Market for Baby Wipes:
- Procter & Gamble Co. (Ohio, U.S.)
- Johnson & Johnson (New Jersey, U.S.)
- Kimberly Clark Corporation (Texas, U.S.)
- Pigeon Corporation (Tokyo, Japan)
- Hengan International Group Company Limited (Quanzhou, China)
- Unicharm Corporation (Tokyo, Japan)
- CPMC Holdings Ltd. (Santiago, Chile)
- Nice-Pak International Limited (New York, U.S.)
- Beiersdorf AG (Hamburg, Germany)
- ALBAAD (Masu’ot Itzhak, Israel)
Stockpiling of Consumer Goods Due toCOVID-19 to Favor Market Growth
Uncertainty over the future effects ofthe global pandemic has triggered fear amongst the consumers that arestockpiling essential goods across the globe. Owing to phases of lockdown,people want to ensure adequate supplies to avoid stepping out of the homes.This has led to a major spike in revenue of the consumer goods that includebaby care products. This is likely to boost the adoption of baby wipes in thenear future.
Baby wipes are sanitary productsmajorly adopted to cleanse the sensitive skin of infants. Owing to the growingdemand for safe and sustainable baby products, leading manufacturers arefocusing on developing eco-friendly products with sustainable formulations thatsuit the sensitive skin of the baby.
What does the Report Provide?
The market report provides an in-depthanalysis of several factors such as the key drivers and restraints that willimpact growth. Additionally, the report provides insights into the regionalanalysis that covers different regions, which are contributing to the growth ofthe market. It includes the competitive landscape that involves the leadingcompanies and the adoption of strategies by them to announce partnerships,introduce new products, and collaboration that will further contribute to thegrowth of the market. Moreover, the research analyst has adopted severalresearch methodologies to extract information about the current trends andindustry developments that will drive the market growth between 2020 and 2027.
DRIVING FACTORS
Increasing Prevalence of Baby SkinInfections to Accelerate Market Growth
According to the Diaper DermatitisPrevalence and Severity survey, conducted by the U.S. National Medicine ofLibrary, in December 2019, about 14.9% of the infant population in Germany werefound to be suffering from diaper rash problems. In addition to this,increasing incidence of skin infections such as eczema, diaper rashes, acne,and other skin allergies is leading to the growing adoption of superior qualitybaby wipes. The high spending capacity of consumers is further leading to thesurging demand for advanced baby care products that will bode well for theglobal baby wipes market growth during the forecast period.
SEGMENTATION
Wet Segment Held 58.24% Market Share in2019
The wet segment, based on the product,held a market share of about 58.24% in 2019 and is expected to gain momentum owingto the high adoption of disinfectant baby wet wipes to control viral infectionacross the globe.
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REGIONAL INSIGHTS
Increasing Adoption of DisposableHygiene Products in North America to Surge Demand
Among all the regions, North America isexpected to remain at the forefront and hold the highest position in the globalbaby wipes market during the forecast period. This is attributable to theincreasing adoption of disposable hygiene products that is likely to propel thedemand for innovative baby wipes in the region. North America stood at USD 2.00billion in 2019.
The market in Europe is anticipated toshowcase significant growth in the forthcoming years. This growth is ascribableto factors such as the presence of established players such as Codi Group,Beiersdorf AG, and Rockline, among others that are focusing on developingadvanced baby wipes products in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
Product Launches by Major Companies toStrengthen Their Market Positions
The global baby wipes market comprisessmall, medium, and large companies striving to maintain their position byintroducing innovative baby care products to cater to the growing consumerdemands. Moreover, adoption of strategies such as merger and acquisition,facility expansion, and partnership by other key players will contribute to themarket growth.
Baby Wipes Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market byvarious segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecastperiod?
What Factors are estimated to drive and restrain the market growth?
Industry Development:
- October 2020 - Niki’s Natural Wipes, an Australian baby products manufacturer, announced the launch of a revolutionary natural baby wipes product specially formulated with antiviral and antibacterial manuka honey ingredients. The launch is expected to strengthen its position in the U.S.
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