Elastic Laminates Market Size, Share, Industry, Forecast and outlook (2023-2030)

The global elastic laminates market is expected to reach a high CAGR of 7.1% during the forecast period (2023-2030). This growth is driven by increasing demand for hygiene products, medical applications, and sustainable packaging solutions.

The hygiene sector, including diapers, sanitary napkins, and adult incontinence products, is the largest driver of the elastic laminates market. However, the medical and packaging industries are also experiencing significant growth.

The Asia Pacific region is expected to dominate the elastic laminates market due to rapid economic development, rising disposable income, and growing awareness of hygiene and healthcare.

Some of the key players in the elastic laminates market include Kimberly-Clark Corporation, Golden Phoenix Fiberwebs, Inc., Neos Italia Srl, Mondi, and Tredegar Corporation. These companies are adopting various growth strategies, such as product launches, acquisitions, and collaborations, to drive market growth.