December 9, 2021 07:41 US Eastern Time | Source: Fortune Business Insights Fortune Business Insights
Pune, India, December 9, 2021 (GLOBE NEWSWIRE) - According to Fortune Business Insight™, the global baby wipes market is expected to reach US$6.57 billion by 2027, and at the same time between 2020 and 2020 The compound annual growth rate is 3.1%. 2027. This growth is attributed to factors such as the increasing prevalence of infant skin infections and the high spending power of consumers, which have driven the global demand for innovative baby wipes. The report further mentioned that the market size in 2019 was USD 5.54 billion.
Hoarding consumer goods due to COVID-19 to promote market growth
Uncertainty about the future impact of the global pandemic has raised fears among consumers hoarding necessities around the world. Due to the lockdown phase, people want to ensure adequate supplies to avoid leaving their homes. This has led to a surge in consumer product revenues, including baby care products. This may promote the adoption of baby wipes in the near future.
Baby wipes are a kind of hygiene products mainly used to clean the sensitive skin of babies. Due to the growing demand for safe and sustainable baby products, leading manufacturers are focusing on developing environmentally friendly products with sustainable formulas suitable for babies’ sensitive skin.
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What does the report provide? The market report provides an in-depth analysis of several factors, including key drivers and constraints affecting growth. In addition, the report also provides insights into regional analysis covering different regions, which contribute to the growth of the market. It includes the competitive landscape involving leading companies and their use of strategies to announce partnerships, launch new products, and collaborate to further promote market growth. In addition, research analysts use a variety of research methods to extract information about current trends and industry developments that will drive market growth between 2020 and 2027.
Drivers increase the prevalence of infant skin infections to accelerate market growth
According to a survey on the prevalence and severity of diaper dermatitis conducted by the National Library Medical Center, in December 2019, approximately 14.9% of babies in Germany were found to have diaper rash. In addition, the increasing incidence of skin infections such as eczema, diaper rash, acne and other skin allergies has led to more and more people adopting high-quality baby wipes. Consumers’ high spending power has further led to a surge in demand for advanced baby care products, which will bode well for the growth of the global baby wipes market during the forecast period.
View the full report summary: https://www.fortunebusinessinsights.com/baby-wipes-market-104550
The wet market segment accounted for 58.24% market share in 2019
The market share of wet wipes based on this product is approximately 58.24% in 2019. As disinfected baby wipes are widely used globally to control viral infections, they are expected to gain momentum.
Regional Insights North America is increasingly adopting disposable hygiene products to meet surge in demand
Among all regions, North America is expected to maintain its leading position during the forecast period and occupy the highest position in the global baby wipes market share. This is due to the increasing use of disposable hygiene products, which may drive demand for innovative baby wipes in the region. North America was worth US$2 billion in 2019.
It is expected that the European market will experience significant growth in the next few years. This growth is attributable to factors such as the existence of established companies such as Codi Group, Beiersdorf AG and Rockline, as well as other companies focused on developing advanced baby wipes products in the region between 2020 and 2027.
Competitive landscape. Major companies launch products to strengthen their market position
The global baby wipes market includes small, medium and large companies that strive to maintain their position by launching innovative baby care products to meet growing consumer demand. In addition, other major players' strategies such as mergers and acquisitions, facility expansion and cooperation will help the market grow.
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List of companies in the global baby wipes market:
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