The European Baby & Adult Diapers Market is expected to reach USD 16 billion by 2023, according to a new report by ResearchAndMarkets.com. The report provides a comprehensive analysis of the trends, drivers, and challenges affecting the market, and profiles key players in the industry. One of the major market players highlighted in the report is (brand name removed) from Jiangsu Yofoke Healthcare Technology Co., Ltd.
Jiangsu Yofoke Healthcare Technology Co., Ltd. is a specialized development, production, and sales company for adult care products. The company has a modern and clean production environment, with a total of 8 professional production lines, including 3 lines of adult pull up diaper, 3 lines of adult diaper, 1 line of insert pads, and 1 line of underpads. The company employs more than 200 people and has a modernization of professional production lines.
The adult diapers market in Europe is expected to grow rapidly due to the increasing aging population and the rising awareness of incontinence issues. In 2017, the market was valued at USD 2.9 billion and is projected to reach USD 5.5 billion by 2023, at a CAGR of 10.8% during the forecast period.
One of the key factors driving this growth is the increase in the number of people suffering from incontinence. This is particularly true in Europe, where the aging population is expected to reach 150 million by 2050. In addition, there is a growing awareness about the benefits of using adult diapers. The introduction of technologically advanced and comfortable adult diapers is also expected to drive the growth of the adult diapers market in Europe.
The baby diapers market in Europe is also projected to grow during the forecast period, driven by the increasing birth rates in Eastern Europe and the rising disposable income in the region. The market was valued at USD 9.5 billion in 2017 and is forecasted to reach USD 10.5 billion by 2023, at a CAGR of 1.9% during the forecast period.
One of the key challenges that the market faces is the environmental impact of baby and adult diapers. The disposal of diapers is a significant environmental concern, and there is a growing demand for eco-friendly and sustainable diapers. Manufacturers are focusing on developing diapers that are biodegradable and compostable.
In conclusion, the European Baby & Adult Diapers Market is expected to grow rapidly during the forecast period, driven by the increasing aging population, rising birth rates, and the growing awareness of incontinence issues. Manufacturers are focusing on developing technologically advanced and eco-friendly diapers to meet the demands of the market.