The global elastic laminates market is slated to grow on a remarkable note between 2022 and 2028 at a CAGR of 5.4%, reaching US$ 8.4 Bn by the year 2028.
Worldwide deals of elastic laminates market will cross a US$ 6 billion imprint in 2022, with an increment by 5.4% north of 2028. Another FMI concentrate on worldwide elastic laminates figures strong reception of elastic laminates by makers of individual cleanliness items, who right now hold practically 85% offer. While child diapers stay the most sought after use of elastic laminates, the portion of ladylike cleanliness items is likewise extending at a quick speed.
Incontinence items keep on introducing huge speculation potential open doors to makers of elastic laminates. Raising pace of constant illness commonness, particularly urological conditions, is conspicuously representing critical interest development of incontinence items. Besides, expanding joining of elastic laminates in clinical items, for example, clinical tapes is broadening a rising portion of income to the worldwide elastic laminates market, says the report.
Tending to relative temperature and stickiness inside cleanliness and incontinence items has been quite difficult for producers, which keeps on outfitting research interests of a portion of the main elastic laminates makers. Organizations are hence exploring different avenues regarding plan materials for elastic laminates.
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Non-woven networks and breathable movies are right now being seen as an expected answer for really tackle moistness related issues related with elastic laminates, dominatingly utilized for incontinence and cleanliness items. Merries Disposable Diaper, one of the first to present a child diaper with practically 40% unrivaled breathability highlight, keeps on zeroing in on breathable material developments.
List of Key Players Covered in Elastic Laminates Market are:
- Golden Phoenix Fiberwebs, Inc.
- Pantex International S.p.A.
- Neos Italia Srl
- Mondi Group plc
- Berry Global Group, Inc.
- Exxon Mobil Corp
- Tredegar Corporation
- Schweitzer-Mauduit International, Inc.
- Kraton Corporation
- Aplix S.A.
Driven by easy availability and economic price point, propylene will remain a preferred choice of material among manufacturers of elastic laminates. However, manufacturing elastic laminates using elastomers that are based on ethylene, polyethylene terephthalate, and styrene-block copolymers has been emerging as a popular trend since the recent past.
Technological advances targeting development of low-priced high-performance hygiene products are cited as an important demand determinant pushing performance of elastic laminates market. Manufacturers of hygiene and incontinence products are focusing on introducing products that are based on sustainable material-based elastic laminates. According to the report, a rapid shift to recyclable and bio-based materials is driving strategic developments of a number of companies investing active R&D efforts in promoting biodegradable elastic laminates in the market.
Preview Analysis of Elastic Laminates Market Segmented by (Material type – ethylene-based elastomers, propylene-based elastomers, Styrene-block copolymers & others; Structure – elastic strand-based, elastic film-based, elastic netting-based, and elastic nonwovens-based; Applications – hygiene, medical & other;)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028
In a fairly fragmented landscape of global elastic laminates market, merely 20-25% of the total revenue belongs to five leading players, including Berry Global Group, Inc., Tredegar Corporation, Kraton Corporation, Schweitzer-Mauduit International, Inc., and Exxon Mobil Corp.
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While top companies maintain their strategic focus on M&A and new product launches, production capacity expansion will remain the most prominent move, says the report. Berry Global Group, Inc. recently announced the expansion of their production capacity in North America, backed by heavy investments in Spinlace technology used in manufacturing of elastic laminates.
Schweitzer-Mauduit International, Inc. augmented the processing capacity of polypropylene-based non-wovens and netting products. Aplix S.A., Golden Phoenix Fiberwebs, Inc., Pantex International S.p.A., Neos Italia Srl, and Mondi Group plc among others will represent a larger collective share in the elastic laminates market value. Regional expansion and new launches will drive strategic growth of these players competing in elastic laminates market.
How Has Covid-19 Impacted The Elastic Laminates Market?
The outbreak of Covid-19 did disrupt the verticals all across. However, the fact that the healthcare vertical was continuously on the move and would continue with the same in the upcoming period can’t be ignored. Elastic laminates are used in essential items, so there won’t be anything to apply brakes to this market.
Elastic laminates are being used in diapers in adhesive closure systems such as frontal tapes and elastic mechanical tapes.
- Lohmann-koester GmbH & Co. KG offers elastic laminates for application in baby diapers such as for frontal tapes, elastic mechanical tapes, and elastic side panels.
- Procter & Gamble introduced new and improved Pampers Cruisers Diapers with extra absorb channels, which enable babies to stay drier, and the diaper does not sag like ordinary diapers.
- Schweitzer-Mauduit International, Inc. increased the production of polypropylene-based netting and non-woven products.
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