North America and Europe currently dominate the healthcare market, thanks to their advanced practices. However, the future of this industry seems to be shifting towards the Asia-Pacific, as developing economies embrace the elastic laminates market. Anticipated growth in LATAM and MEA suggests a global trend towards adopting these innovative materials in healthcare applications.
The global elastic laminates market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 5.4% between 2022 and 2028. By the year 2028, this market is expected to reach a substantial valuation of US$ 8.4 billion.
Get a Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5722
Elastic laminates play a pivotal role in various industries, including diaper manufacturing, adult incontinence products, and feminine care products. These laminates are prized for their excellent stretch properties, enabling manufacturers to incorporate comfort and stretchability into their hygiene products. As a result, they are instrumental in enhancing the performance and user experience of such products.
Despite the bright prospects, the elastic laminates market faces challenges related to environmental factors such as humidity and temperature variations within hygiene products. These factors can potentially hinder the market’s growth.
Innovation and advancements are driving the market forward, with the introduction of breathable films, non-woven webs, and sustainable materials in elastic laminates. Notable developments in the industry, such as Nitto Denko Corporation’s acquisition of Mondi Group’s personal care components business, highlight the ongoing evolution within the elastic laminates sector.
Geographically, North America currently holds the largest market share, driven by the United States’ leadership in advanced healthcare practices. Europe shares a similar growth story. However, the future growth trajectory is expected to be in the Asia-Pacific region, as developing economies increasingly adopt elastic laminates in various applications. Latin America (LATAM) and the Middle East and Africa (MEA) are also expected to follow suit in the years to come, underscoring the global reach and potential of the elastic laminates market.
The list of Key Players Covered in the 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.
Ask an Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-5722
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 2022-2028
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.
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.
Competitive Landscape
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.
Contact Sales for Further Assistance in Buying this Report:
https://www.futuremarketinsights.com/checkout/5722
Key Segments Covered:
By Material Type:
- Ethylene-based Elastomers
- Propylene-based Elastomers
- Styrene-block Copolymers
- Others (PET-based)
By Structure:
- Elastic Strand Based
- Elastic Film Based
- Elastic Netting based
- Elastic Nonwovens Based
By Application:
- Medical
- Hygiene
- Other Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube