Elastic Laminates Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM3253 | Last Updated On: May 24 2022 | Available Formats

> Global Elastic Laminates Market Expected to reach a high CAGR By 2029: DataM Intelligence

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), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The Global Elastic Laminates Market is estimated to reach at a high CAGR of  7.1% during the forecast period (2022-2029).

Elastic laminate materials are commonly added in absorbent products, especially pant-like absorbents such as pant diapers, sanitary pants, 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. The application of elastic laminates is seen in industries including medical, hygiene, and others. 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.

Market Dynamics

Government initiatives increase awareness of health and hygiene, expected to drive the market

The government of different countries is taking initiatives to increase health and hygiene. Governments run various campaigns and promotions to make people aware of sanitation and hygiene, whether female or any. 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, female care 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's value was estimated to be worth approximately 65.9 billion US dollars worldwide by 2027, 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.

Segment 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.

Geographical Analysis

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 to 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 the products such as diapers, sanitary napkins and others, will, in turn, fuel growth in the global elastic laminates market.


Competitive Landscape

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, 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 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 an approx: 61 market data tables, 52 figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers

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