Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Feminine hygiene is a huge matter of concern among women and requires appropriate attention across the globe. During menstruation, women wear sanitary napkins which are cotton pads devised for the absorption of blood flow. Sanitary pads are available in a large variety in the market with different shapes and sizes as well as ranging softness and absorption capacities.
Increasing initiatives by non-profit organizations in order to spread awareness about the importance of feminine hygiene among women, especially those belonging to rural areas and developing regions, and promoting the use of sanitary pads among them is becoming common these days. Free distribution of pads and other feminine hygiene products among women by these organizations is one such method of promotion of menstrual hygiene management.
According to a recent research by WASH Poverty Diagnostic, which is an initiative by the World Bank, around 25% of women lack menstrual hygiene management in Nigeria. Moreover, in Bangladesh, only 6% schools provide education on menstrual hygiene management, which results in low knowledge about menstruation among girls and boys. The menstrual issues were reported to adversely affect the school performance of one-third girls in the country. The growing initiatives taken by government and non-profit organizations to improve these conditions in the developing countries is estimated to result in the substantial growth of sanitary pads market.
The sanitary pads market is anticipated to record a CAGR of around 6% over the forecast period i.e. 2019-2027. The market is segmented by product, by raw material, by distribution channel and by region, out of which, the product segment is further segmented into disposable, reusable and biodegradable. On the basis of product, the biodegradable segment is anticipated to hold the largest share in the sanitary pads market on account of growing environmental concerns over usage of plastic which raises the demand for biodegradable products and results in increase in the production of biodegradable sanitary pads. Non-biodegradable sanitary napkins contain chemicals that are toxic for the body while biodegradable pads are made up of natural materials such as banana fiber and organic cotton which is not harmful or irritable. This is an additional factor which is estimated to support the growth of this segment in the market during the forecast period. DOWNLOAD SAMPLE REPORT HERE
Educational institutions are making certain improvements in the education provided to students regarding menstruation. The growing knowledge among them about the importance of personal hygiene is a significant factor contributing towards the sanitary pads market growth. In developing countries such as India, the use of sanitary napkins is increasing due to growing awareness about feminine hygiene among the population. Initiatives by governments and non-governmental organizations for the promotion of use of sanitary napkins by women is an additional factor which is projected to result in the market growth during the forecast period.
In order to increase the customer base, several sanitary pads manufacturers are developing cheaper and good quality products. The cost-effectiveness of sanitary pads over other female hygiene products is anticipated to boost the growth of this market in the upcoming years. Moreover, the diverse range of sanitary pads available in the market is suitable for various requirements of women and thus is estimated to increase the market growth further.
Availability of other menstrual products that can be used as an alternative to sanitary napkins and that provide better absorption properties is anticipated to be a major restraint for the market growth. In developed countries, the use of tampons and menstrual cups is significantly rising which is estimated to become another growth restricting factor for the sanitary pads market.
Our in-depth analysis of the sanitary pads market includes the following segments:
On the basis of regional analysis, the sanitary pads market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market in Asia Pacific region is currently the largest market for sanitary pads and is anticipated to further grow during the forecast period. This can be attributed to the increasing measures taken by organizations for the promotion of female hygiene and increasing disposable income of people in the region. The growth of market in Europe is estimated to follow the lead on account of growing presence of manufacturers and key players in the region.
The sanitary pads market is further classified on the basis of region as follows:
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