Global Elastic Laminates Market is segmented By Material Type (Ethylene-Based Elastomers, Propylene-Based Elastomers, Styrene-Block Copolymers, Others), By Structure (Elastic Strand Based Laminates, Elastic Film Based Laminates, Elastic Netting Based Laminates, Elastic Nonwovens Based Laminates), By Application (Hygiene, Medical, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Elastic Laminates Market Overview
180 pages report analyses the Elastic Laminates Market Share, Opportunities, Growth. The Global Elastic Laminates Market is estimated to reach at a high CAGR of 7.1% during the forecast period (2023-2030). The application of elastic laminates is seen in industries including medical, hygiene, and others. The Asia Pacific to dominate elastic laminates market due to rapid economic development. Competitive rivalry intensifies with Kimberly-Clark Corporation, Golden Phoenix Fiberwebs, Inc, Pantex International S.p.A and others operating in the market.
Elastic laminate materials are commonly added to absorbent products, especially pant-like absorbents such as pant diapers, sanitary pants, and incontinence pants. Such items include an absorbent unit arranged in a pant-shaped frame. Elastic laminate materials may be included as part of the front & rear body panels and as elastic side panels in a pant-like absorbent product.
Moreover, elastic laminates' demand increases globally, as elastic laminates are widely used in manufacturing diapers, sanitary napkins, and adult incontinence products. Stretchability and material are the two most significant factors that have increased the demand for laminates. Moreover, growing hygiene concerns, the growing birth rate in developing economies, and the breathable and absorbent properties of elastic laminates are expected to increase the market over the forecast period.
Elastic Laminates Market Summary
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Metrics |
Details |
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Market CAGR |
7.1% |
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Segments Covered |
By Material Type, By Structure, By Application and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Asia Pacific |
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Elastic Laminates Market Growth and Trends
Government initiatives increase awareness of health and hygiene are expected to drive the market
The government of different countries are taking initiatives to increase health and hygiene. Governments run various campaigns and promotions to make people aware of sanitation and hygiene, whether female or male. For instance, India's government has started several campaigns and initiatives under the Swachh Bharat Abhiyan to improve its hygiene. Also, The Sanitation and Hygiene Fund is seeking US$2 billion over the coming five years to support countries in bringing sanitation, hygiene, and menstrual health to all. Henceforth, awareness regarding health and hygiene has led companies to invest in products like diapers, feminine care products, and others, which led to the growth of elastic laminates over the forecast period.
The surge in demand for diapers and incontinence products to boost the growth of the global elastic laminates market
Companies prefer using elastic laminates for manufacturing premium hygiene products such as diaper and adult incontinence to give better comfort, absorbency, and leakage resistance. As per Statista, the baby diaper market value was estimated to be worth approximately 65.9 billion US dollars worldwide by 2030, with an increase of around 15 billion US. Hence, an increase in demand for diapers is anticipated to boost the elastic laminates market.
High birth rates in developed countries are expected to fuel the growth of the global market. The birth rate of developing countries is increasing due to a lack of awareness of contraceptives and low education. Henceforth, an increase in population is projected to drive the use of diapers.
Moreover, incontinence is the major problem through which the world is suffering. As per Phoenix Physical Therapy, urinary incontinence affects 200 million people worldwide. The rise in the issue of incontinence worldwide is expected to further fuel the market of diapers.
Elastic Laminates Market Segmentation Analysis
Based on material type, elastic laminate is categorized into ethylene-based elastomers, propylene-based elastomers, styrene-block copolymers and others such as PET-based.
Ethylene-based elastomers are anticipated to dominate the segment
Ethylene-based elastomers are one of the largest synthetic rubbers consumed worldwide, characterized by their outstanding resistance to ozone, ageing, weather, and high temperatures. Apart from that, they possess good low-temperature flexibility and have excellent electrical properties. Because of its properties, ethylene-based elastomers are used for making elastic laminate, which is highly flexible, soft and has good absorbency.
By application, elastic laminate is segmented into hygiene and health.
Hygiene is projected to dominate the market because of increased awareness of hygiene
Rising healthcare expenditure on personal hygiene will be a significant factor driving hygiene market growth. According to the National Health Expenditure Accounts (NHEA), there was around a 4.6% rise in US health care spending in 2018. Also, increasing awareness among individuals in developed regions to enhance health and quality of daily lives is projected to drive hygiene products' demand. Furthermore, the rising consumption of products such as sanitary pads, wipes, among others, will subsequently cause the need for personal hygiene products over the coming years.
Global Elastic Laminates Market Geographical Share
The global elastic laminates market has been studied across five major regions: Asia-Pacific, North America, South America, Europe, and the Middle East & Africa.
The Asia Pacific will dominate elastic laminates market due to rapid economic development
On the geographical frontier, developing regions in the Asia Pacific is expected to hold a significant share in the global elastic laminates market. Increasing understanding among people to maintain better hygiene and programs to spread awareness about new products' benefits led to a demand in the Asia Pacific elastic laminates market. Moreover, rapid economic development that increased disposable income also fueled growth in the global elastic laminates market in the Asia Pacific. Rising education levels in urban and rural areas and a better understanding of products such as diapers, sanitary napkins and others, will, in turn, fuel growth in the global elastic laminates market.
Elastic Laminates Market Companies
The elastic laminates market is consolidated with the presence of local as well as global companies. Some of the key players contributing to the growth of the market include Kimberly-Clark Corporation, Golden Phoenix Fiberwebs, Inc, Neos Italia Srl., Mondi, Tredegar Corporation, Exxon Mobil Corporation, Schweitzer-Mauduit International, Inc., Aplix SA, KCWW, and Pantex International S.p.A. among others. The major players are adopting several growth strategies, such as product launches, acquisitions, and collaborations, contributing to the Elastic Laminates market's growth globally.
Kimberly-Clark Corporation
Overview: Kimberly-Clark Corporation is a multinational personal care corporation that produces mostly paper-based consumer products. The company is American based, founded in Neenah, Wisconsin, in 1872 and has been based in the Las Colinas section of Irving, Texas, since 1985.
Product Portfolio: The company makes sanitary paper products, surgical and medical instruments. The company's brand name products include Kleenex facial tissue, Kotex feminine hygiene products, Cottonelle, Scott and Andrex toilet paper, Wypall utility wipes, KimWipes scientific cleaning wipes and Huggies disposable diapers and baby wipes.
Key Development:
- Kimberly-Clark has patented several unique processes that provide varying degrees of stretch, elongation and retraction for elastic laminate.
Why Purchase the Report?
- Visualize the composition of the elastic laminates market segmentation by material type, structure, application and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the elastic laminates market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of Elastic Laminates market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the critical product of all major market players
The global elastic laminates market report would provide access to approximately 61 market data tables, 52 figures and 180 pages.
