Global Elastic Laminates market is slated to accrue revenue worth nearly 8.57 (USD Billion) by 2026 and record the CAGR of nearly over 5.9% over the period from 2020 to 2026.
The global Elastic Laminates market is slated to accrue revenue worth nearly 8.57 (USD Billion) by 2026 and record the CAGR of nearly over 5.9% over the period from 2020 to 2026. The report offers assessment and analysis of the Elastic Laminates market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
Introduction
Humungous demand for elastic laminates can be attributed to its massive usage in diaper production, adult incontinence items, and sanitary napkins. These products are used for enabling the stretchability in hygiene items. Elastic laminates assist the manufacturers of female care items in enhancing product comfort. Furthermore, it has myriad structures including strand-based, nonwovens-based, netting-based, and film-based.
Market Growth Dynamics
Adoption of innovative technologies in healthcare, pharma, and medical sectors are predicted to result into declining costs of diapers, reshaping of diaper designs, and surge in the utility of elastic laminates. This, in turn, will steer the market size in the forthcoming years. In addition to this, large-scale funding of research activities for producing elastic laminates will help in improving the composition of the latter and will steer the market expansion over the forecast timespan.
Moreover, launching of bio-degradable & recyclable substances for purpose of elastic lamination will amplify the market scope over the forecast timespan. Rise in the child mortality rates as well as birth rate will prop up the market progression in the coming years.
Asia Pacific To Set Up Dominant Positon in Global Market By 2026
The growth of elastic laminates industry in Asia Pacific over 2020-2026 is owing to surge in the purchasing capacity of the people in the Asian sub-continent and rise in the awareness levels pertaining to personal hygiene. In addition to this, strong promotional activities, favorable schemes introduced by governments, and increase in the women education has resulted in humongous demand for female care items & diapers. This will prompt the regional market growth over the forecast timespan.
Key players profiled in the report include Schweitzer-Mauduit International, Inc.,Berry Global Group, Inc., Pantex International S.p.A., Aplix S.A., Golden Phoenix Fiberwebs, Inc., Tredegar Corporation, Mondi Group plc, Neos Italia Srl, Exxon Mobil Corp, and Kraton Corporation.
The global elastic laminates market is segmented as follows:
By type:
By applications:
By Region
Adoption of innovative technologies in healthcare, pharma, and medical sectors are predicted to result into declining costs of diapers, reshaping of diaper designs, and surge in the utility of elastic laminates. This, in turn, will steer the market size in the forthcoming years.
The CAGR of the industry is expected to be nearly 5.9% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
Corporate Office
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651
Asia Pacific Office
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No 020-46277770
Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.