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Global Baby Wipes Market Market Share, Outlook, Future Growth and Opportunities by 2024
, July 06, 2019 ) According to the latest report by IMARC Group, titled “
Global Baby Wipes Market Research Report and Forecast 2019-2024
”, the global baby wipes market size reached US$ 4.1 Billion in 2018. Baby wipes are considered one of the essential products that help in maintaining a baby’s hygiene. These disposable cloths are manufactured from non-woven fabrics, which are saturated with several gentle cleansing ingredients. They also contain fragrances and have medicinal and anti-bacterial properties. Generally, baby wipes are sold in plastic-based packaging that keeps them moist and facilitates dispensing. The wipes are designed to be durable enough for tasks such as cleaning up vomit and wiping hands and face. At present, the availability of numerous variants is driving the growth of the market on the global level.
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Global Baby Wipes Market Trends:
Over the past few years, there has been a rise in concerns regarding the presence of harmful substances in baby care products. Due to this, parents have started shifting towards organic and natural baby care products, including diapers and wipes. To cater to this demand, companies have started using natural ingredients, like plant fibers and water instead of alcohol, to manufacture wipes. Moreover, the market has been witnessing a significant rise in investments for the expansion of production capacities across the globe. For instance, Kimberly-Clark, a US-based personal care company, has recently invested in its Tuas manufacturing facility with over US$ 25 Million. The company plans to provide value addition to its Huggies baby wipes products and expand its production capacity to nearly five million by the mid-2019. On account of these factors and trends, the market is expected to reach a value of US$ 5.1 Billion by 2024, at a projected CAGR of 3.4% during 2019-2024.
Browse full report with detailed TOC and list of figures and tables:
Market Breakup by Technology:
Based on the technology, the market has been segmented into spunlace, airlaid, coform, needlepunch and composite. Amongst these, spunlace is the most preferred technology for producing baby wipes.
Market Breakup by Product Type:
1. Dry Wipes
2. Wet Wipes
The market has been bifurcated on the basis of the product type, which mainly includes wet and dry wipes. Currently, dry wipes dominate the market.
Market Breakup by Distribution Channel:
1. Supermarkets and Hypermarkets
3. Convenience Stores
4. Online Stores
On the basis of the distribution channel, the market has been categorized as supermarkets and hypermarkets, pharmacies, online and convenience stores.
Market Breakup by Region:
1. North America
3. Asia Pacific
4. Middle East and Africa
5. Latin America
On a regional basis, North America represents the biggest market for baby wipes, holding the majority of the total market share. Other major regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Johnson & Johnson, Procter & Gamble, Kimberly-Clark Corporation, Unicharm Corporation and SCA.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Pvt. Ltd.
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