Will the Diaper Packaging Market Shine or be Spoiled? - FMI Takes a Swipe. Popularity of eco-friendly materials and the development of fast packaging machines are two of the significant trends.
NEWARK, Del., May 9, 2024 /PRNewswire/ -- The diaper packaging market is estimated to be worth USD 3,443.8 million in 2024. Diaper packaging is receiving more attention from packaging companies as the number of children that come into the world multiplies at a rapid rate. The number of adults resorting to diapers, as the stigma around it is lifted, also helps the diaper packaging market lunge forward.
Through the year 2034, diaper packaging demand is set to progress at a CAGR of 5%. The use of eco-friendly material in the packaging of diapers is set to offer a multitude of opportunities to manufacturers. As diapers themselves get more eco-friendly, the packaging for them too is transforming. Thus, the use of materials like paperboard is climbing in diaper packaging.
By 2034, the market value is forecasted to reach USD 5,630.9 million. The diaper packaging sector is set to benefit from streamlining production processes. The advent of automatic packaging machines, shortening production times, is set to add considerable value to the market.
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The market, however, is not without its foul tidings. While sustainable packaging is becoming more prominent, the continued use of non-recyclable plastic is earning the market detractors. The ability of diapers to lead to rashes and infections is also leading to hesitancy on the part of consumers, which negatively affects the market.
"Despite some significant setbacks, the diaper packaging market is set to advance at a normal rate over the ensuing decade. The rising popularity of sustainable material as well as fancy design on packaging is expected to lead to significant growth opportunities," Says a Lead Consultant Ismail Sutaria in Packaging at Future Market Insights (FMI).
Key Takeaways from the Diaper Packaging Market
- The diaper packaging market is anticipated to be USD 3,443.8 million in value in 2024.
- Multipacks are the predominant type of product in the market. In 2024, multipacks are penned in to have a market share of 29%.
- The packaging is primarily applied for children's diapers. In 2024 children diapers' application is slotted in to have a market share of 45%.
- South Korea is a promising country for the market. The CAGR for South Korea over the forecast period is projected to be 5.4%.
- India is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for India is pegged at 5.3%.
- The market is expected to register a CAGR of 4.6% in the United Kingdom over the forecast period.
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Competition Analysis of the Diaper Packaging Market
The diaper packaging market sees a few dominant forces battle for the high ground. However, that does not mean companies of a smaller scale do not have scope to grow. Sustainable packaging is set to be a defining point of the market in the years to come. Some of the prominent companies in the market include Faber Castell, Kokuyo Camlin, 3M, and Rifle Paper Co.
Leading Diaper Packaging Brands
- Amerplast Ltd.
- Kimberly Clark
- Berry Global
- Huhtamäki Oyj
- Napco National
- Amcor Plc
- Mondi Group
- Borealis AG
Recent Developments in the Diaper Packaging Market
- In June 2023, Hong Kong-based company Charlie Banana's new diaper designs were launched with recyclable packaging.
- In June 2023, Dyper launched a new diaper with recyclable packaging for both single and multipacks.
Country-wise Insights:
Countries | CAGR 2024 to 2034 |
India | 5.3 % |
Japan | 5.2 % |
United States | 4.9 % |
South Korea | 5.4 % |
United Kingdom | 4.6 % |
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Key Segments of Market Report
By Application:
Based on application, the diaper packaging market can be bifurcated into children diapers and adult diapers.
By Type:
Based on type, the diaper packaging market is divided into multipacks and single pack.
By Packaging Type:
Based on packaging type, the diaper packaging market is categorized into shrink wrap packaging, plastic clamshell packaging, and box packaging.
By Region:
The sector has been analyzed in North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.
About the Packaging Division at Future Market Insights
The packaging team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Authored by:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail's strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor's Degree in Mathematics.
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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