Adult Diaper Market Projected to Exceed US$ 19.3 Billion by 2031, Demonstrating a Strong CAGR of 6.0%: Transparency Market Research Inc.

Wilmington, Delaware, United States, Aug. 28, 2023 (GLOBE NEWSWIRE) -- The global industry was estimated to be worth US$11.5 billion in 2022. It is expected to increase at a 6.0% CAGR from 2023 to 2031, reaching US$ 19.3 billion by the end of 2031. Adult nappies are being recommended by top hospitals and medical centers around the world to people experiencing an acute illness.

Greater financial freedom has resulted in an increase in the popularity of personal and feminine hygiene goods. Governments all throughout the world are encouraging men and women to use sanitary items. Adult diapers are being made cheaper by governments in poor countries. These actions are expected to drive the adult diaper industry forward in the forthcoming years.

The United Nations predicts that the number of elderly people will reach over 2.1 billion by 2050. Incontinence, dementia, diarrhea, and other age-related disorders are common among the elderly. As reported by the World Health Organization, more than 55 million individuals globally suffer from dementia.

Dementia is the world's sixth-largest cause of mortality and one of the primary causes of impairment and incontinence among the elderly. As a result, the growing geriatric population is fueling the growth of the adult diaper business.

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Market Snapshot:

Key Takeaways from the Market Report

Adult Diaper Market: Prominent Drivers and Trends

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Global Adult Diaper Market: Regional Landscape

Global Adult Diaper Market: Key Players

Transparency Market Research has profiled the following players in its global Adult Diaper market report:

Essity Aktiebolag, Daio Paper Corporation, First Quality Enterprises, Inc., Hengan International Group Company Limited, Kimberly-Clark Corporation, Medline Industries Inc., Nippon Paper Industries Co., Ltd., Ontex, Procter & Gamble, and Unicharm Corporation

The majority of adult diaper firms are investing in the research and development of novel offerings based on the current market conditions for disposable adult diapers. They are creating non-toxic, allergen-free products out of plant-based components. Online stores are also helping companies increase their market footprint.

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Global Adult Diaper Market Segmentation

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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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