NEW YORK, August 26, 2016-

According to a new report published by Persistence Market Research, “Global Market Study on Baby Diaper: Industry Analysis and Forecast 2016-2024”, the global baby diaper market is estimated to value US$ 49.0 Bn at the end of 2016. The market is projected to expand at a CAGR of 4.1% over the forecast period to reach the value of US$ 70.4 Bn at the end of 2024. In terms of volume, the global baby diaper market is projected to register a CAGR of 3.5% over the forecast period, having accounted for 379,907 units at the end of 2015.

Growing technological innovations, use of improved raw materials, and increasing promotional campaigns and advertising of brands are major factors expected to drive the global baby diaper market. Rising income levels and increased spending on personal hygiene products, along with growing birth rates in developing countries are expected to fuel demand for baby diapers in the global market. The steady growing demand for baby diapers can be credited to rising hygiene levels and lower risk of skin damage. On the other hand, slow degradation rate of baby diapers and presence of dioxin, a highly toxic by-product of the paper-bleaching process are major restraints in the global market.

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