Jul 29, 2017
5 Key Insights Given by Fact.MR on Future of Baby Cloth Diaper Market
by Team Fact.MR
The global baby diaper market is poised to grow at a healthy rate owing to the various benefits they provide. There are various aspects which govern the growth rate of baby cloth diaper. The baby cloth diapers are cheaper and come in different sizes. They are best suited for varying age groups. They do not damage or harm the skin, the most important aspect. Moreover, they can be reused and hence do not pile up in landfills, which is safe for the environment. They possess better absorbency properties making it more convenient for the baby. They are easy to use and hence parent finds it appropriate to wrap around the baby. Lastly, they are free from chemicals and look attractive. Another important aspect is the disposable income which contributes to the growth of the baby cloth diapers market. Moreover, these benefits and their awareness trigger the use of baby cloth diapers thereby accelerating the growth of the baby cloth diaper market. Asia-Pacific excluding Japan is likely to be the most lucrative market owing to higher population and higher disposable income. The global baby cloth diaper market is expected to show a CAGR of 2.1% during the period of forecast, 2017 to 2022.
Few Key Excerpts from the Research Report on Global Baby Cloth Diapers Market by Fact.MR
- Online segment in the sales channel type portrays a higher growth rate to reach a CAGR of 2.5% during the forecast period of 2017 to 2022. However, the dominating segment could be the HM/SM in the sales channel as it shows a much higher market share by revenue than the online segment and a growth rate not much lower than that of the online segment
- The Asia-Pacific excluding Japan (APEJ) is expected to dominate the global baby cloth diaper market owing to rise in population of the Asian countries and prevalence of huge disposable income in these regions. It is expected to grow at a healthy CAGR of 2.2% over the period of forecast, 2017 to 2022
- By product type, the ultra-absorbent segment is expected to show slow growth rate as compared to super-absorbent segment. It is also poised to reflect a loss in BPS, however, it shows a higher revenue share in the global baby cloth diaper market. The super-absorbent segment has comparatively lower market share by revenue, yet it is poised to grow at a healthy CAGR of 2.2% and anticipated to earn a healthy BPS by the end of 2022
- The age group of 0-6 months is expected to show higher growth rate than any other segment in the age group type. The 0-6 months segment is also expected to show a higher CAGR of 2.4% during the forecasted period and poised to achieve an increase in the BPS. It also has the highest market share by revenue among other age group segments. Following this segment, the 6-18 months segment in the age group has moderate growth rate and market revenue share but is poised to reflect a loss in the BPs by the end of 2022. The 18-48 months age group reflects extremely sluggish growth rate
The competitive landscape includes all the details of the key players involved in the market. The key player profiles of players such as First Quality Enterprises Inc., Unicham Corporation, Johnson &Johnson, The Hain Celestial Group Inc., Domtar Corporation, The Procter and Gamble Company, Ontex Group NV, Kimberly Clark Corporation and Kao Corporation.