05.25.16
Research and Markets has added the "Global Baby Wipes Market 2016-2020" report to its offering. According to the study, the Global Baby Wipes Market is expected to grow at a CAGR of 5.32% during the period 2016-2020.
One of the major drivers in this market is the growing disposable income worldwide. In developed nations, there is a low level of volatility in per capita disposable income. Purchasing power has increased exponentially in developing countries such as China, India, and Brazil.
Global Baby Wipes Market 2016-2020 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of Global Baby Wipes Market for 2016-2020. To calculate the market size, the report has taken into consideration the sales of baby wipes for children aged 0-2 years.
A key trend contributing to market growth is the rising demand from developing countries. Increasing globalization and rising income levels of consumers in developing countries, along with the growing influence of Western culture and etiquette, have had significant impact on consumer behavior in these regions. The use of baby wipes in particular is a fairly established practice in countries such as European countries and the US. Developing countries in APAC and Africa offer considerable growth potential for the global baby wipes market because of growing urbanization. Global players are planning to widen their reach in these regions. China, India, and Brazil together are expected to represent almost 29% of the global wipes market during the forecast period.
According to the report, a key growth driver is the improved functionality of baby wipes. Baby wipes are highly absorbent materials and enhance convenience of use, particularly during travel. Most new wipes available in the market today reduce risk of infection and discomfort caused by wetness of the skin and are tested to prevent breeding of bacteria. Vendors are also launching baby wipes that are softer on the skin, compostable or biodegradable, and do not contain alcohol.
Further, the report states that one challenge that could very likely hamper market growth is environmental issues. Much of the raw materials used to manufacture baby wipes have plastics and other polymers which take a long time to degrade.
One of the major drivers in this market is the growing disposable income worldwide. In developed nations, there is a low level of volatility in per capita disposable income. Purchasing power has increased exponentially in developing countries such as China, India, and Brazil.
Global Baby Wipes Market 2016-2020 has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of Global Baby Wipes Market for 2016-2020. To calculate the market size, the report has taken into consideration the sales of baby wipes for children aged 0-2 years.
A key trend contributing to market growth is the rising demand from developing countries. Increasing globalization and rising income levels of consumers in developing countries, along with the growing influence of Western culture and etiquette, have had significant impact on consumer behavior in these regions. The use of baby wipes in particular is a fairly established practice in countries such as European countries and the US. Developing countries in APAC and Africa offer considerable growth potential for the global baby wipes market because of growing urbanization. Global players are planning to widen their reach in these regions. China, India, and Brazil together are expected to represent almost 29% of the global wipes market during the forecast period.
According to the report, a key growth driver is the improved functionality of baby wipes. Baby wipes are highly absorbent materials and enhance convenience of use, particularly during travel. Most new wipes available in the market today reduce risk of infection and discomfort caused by wetness of the skin and are tested to prevent breeding of bacteria. Vendors are also launching baby wipes that are softer on the skin, compostable or biodegradable, and do not contain alcohol.
Further, the report states that one challenge that could very likely hamper market growth is environmental issues. Much of the raw materials used to manufacture baby wipes have plastics and other polymers which take a long time to degrade.
