LONDON, April 27, 2017 /PRNewswire/ -- The disposable diaper market is forecasted to grow at a compound annual growth rate (CAGR) of 6.86% by 2023, according to a report by Inkwood Research.
The report also highlights the following elements:
Size of the Global Markets
● The baby diaper market reached $54.3 billion globally in 2015.
● Asia-Pacific is the world's largest market, followed by Europe and North America.
● Collectively, Asia, North America and Western Europe accounted for more than 70% of the market.
Several Factors Contribute to Growth
● An increase in health awareness and a decrease in infant mortality are the main factors.
● Other factors include a rise in women's literacy, a shift from rural to urban regions, and an increase in disposable and dual household income.
● In the incontinence market, successful online specialized retailers and a growing geriatric population are contributing to growth.
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