Fact.MR, Rockville: The global baby cloth diaper market is envisaged bank on the affordability of consumers and cost-effective nature of products to attain growth in the coming years. Increasing disposable income and convenience could be key for the growth of the global baby cloth diaper market. Since baby cloth diaper is nature-friendly, its demand is expected to surge in the next few years. A typical trend associated with the global baby cloth diaper market could be the uncompromising attitude toward the purchase of quality goods. This is anticipated to compel players to launch new products that focus on quality.
The global baby cloth diaper market is likely to register sluggish growth of over 2% CAGR from 2021 to 2031, accounting for a valuation of over US$ 10 Bn in 2020.
“The cloth baby diaper industry is displaying decent potential for growth, driven by higher levels of health awareness among consumers, especially in emerging economies. Further, growing population of working women will also aid in generating long-term opportunities for market players,” says a Fact.MR analyst.
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According to the authors of the report, the global baby cloth diaper market can be classified into online, drug store, convenience store, and other sales channels, besides hypermarket/supermarket. Amongst these segments, hypermarket/supermarket is predicted to take the driver’s seat of the global baby cloth diaper market in terms of revenue growth. However, its market could exhibit a moderate CAGR during the course of the said forecast period. On the other hand, the online baby cloth diaper market is foreseen to see expansion at a greater pace, maybe due to its relatively newer presence in the industry.
The online market for baby cloth diaper is forecast to post a 2.5% CAGR and gain BPS until the end of 2022. An interesting projection made by Fact.MR is that the CAGR of the online baby cloth diaper market could be slightly larger than that of the hypermarket/supermarket baby cloth diaper market. However, the drug store baby cloth diaper market is foretold to show a lethargic rise in the near future. As per market observations, it could also lose some BPS in future. Although the convenience baby cloth diaper market is envisioned to gain BPS, it could only manage to secure a nominal share on the basis of value.
By age group, the global baby cloth diaper market is segregated into three segments, viz. 18-48 months, 6-18 months, and 0-6 months. Amongst these, the 6-18 months market for baby cloth diaper is prognosticated to collect an unimpressive revenue share. Moreover, it could show sluggish growth in terms of value. However, by the concluding forecast year, it is predicted to lose some BPS.
Contrastingly, the 0-6 months baby cloth diaper market could receive a gain in BPS during the forecast tenure. In addition, it could display a higher pace of growth while posting a CAGR of 2.4%. Taking into account its commanding rise with respect to growth, the 0-6 months baby cloth diaper market is anticipated to gain a lion’s share in the coming years.
The global baby cloth diaper market is also bifurcated according to product, where key segments are superabsorbent and ultra-absorbent. From a geographical perspective, the global baby cloth diaper market could testify the lead secured by APEJ as it projects itself as a worthwhile region for achieving growth. This region is prophesied to gather pace in the global baby cloth diaper market as it clocks a 2.2% CAGR. It could well be among the leading regions of the global baby cloth diaper market, considering its high market attractiveness and use of products. It is expected to witness higher adoption of baby cloth diaper because of improved disposable income and increasing population in most of its economies. Various benefits associated with the use of baby cloth diaper could be a defining factor for the growth of the regional market.
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