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Feb. 18, 2020, 10:32 a.m. EST

Elastic Laminates Market to Raise at a CAGR of 5.6% over the Forecast Period 2018 – 2028

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Feb 18, 2020 (MARKITWIRED via COMTEX) -- Global sales of elastic laminates will cross a US$ 5 billionmark in 2019, with an increase by 5.1% over 2018. A new FMI study on globalelastic laminates forecasts robust adoption of elastic laminates bymanufacturers of personal hygiene products, who currently hold almost 85%share. While baby diapers remain the most sought after application of elasticlaminates, the share of feminine hygiene products is also expanding at a rapidpace.

Incontinence products continue to present significantinvestment opportunities to manufacturers of elastic laminates. Elevating rateof chronic disease prevalence, especially urological conditions, is prominentlyaccounting for significant demand growth of incontinence products. Furthermore,increasing incorporation of elastic laminates in medical products such asmedical tapes is extending an increasing share of revenue to the global elasticlaminates market, says the report.

Addressing relative temperature and humidity within hygieneand incontinence products has been a longstanding challenge for manufacturers,which continues to harness research interests of some of the leading elasticlaminates manufacturers. Companies are thus experimenting with design materialsfor elastic laminates. Non-woven webs and breathable films are currently beingperceived as a potential solution to effectively tackle humidity related issuesassociated with elastic laminates, predominantly used for incontinence andhygiene products. Merries DisposableDiaper, one of the first to introduce a baby diaper with almost 40% superiorbreathability feature, continues to focus on breathable material innovations.

Driven by easy availability and economic price point,propylene will remain a preferred choice of material among manufacturers ofelastic laminates. However, manufacturing elastic laminates using elastomersthat are based on ethylene, polyethylene terephthalate, and styrene-blockcopolymers has been emerging as a popular trend since the recent past.

Technological advances targeting development of low-pricedhigh-performance hygiene products are cited as an important demand determinantpushing performance of elastic laminates market. Manufacturers of hygiene andincontinence products are focusing on introducing products that are based onsustainable material-based elastic laminates. According to the report, a rapidshift to recyclable and bio-based materials is driving strategic developmentsof a number of companies investing active R&D efforts in promotingbiodegradable elastic laminates in the market.

In a fairly fragmented landscape of global elastic laminatesmarket, 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 onM&A and new product launches, production capacity expansion will remain themost prominent move, says the report. Berry Global Group, Inc. recentlyannounced the expansion of their production capacity in North America, backedby heavy investments in Spinlace technology used in manufacturing of elasticlaminates.

Schweitzer-Mauduit International, Inc. augmented theprocessing capacity of polypropylene-based non-wovens and netting products.Aplix S.A., Golden Phoenix Fiberwebs, Inc., Pantex International S.p.A., NeosItalia Srl, and Mondi Group plc among others will represent a larger collectiveshare in the elastic laminates market value. Regional expansion and newlaunches will drive strategic growth of these players competing in elasticlaminates market.

The report forecasts a healthy CAGR of 5.6% for global elastic laminates market value over 2018-2028.

Press Release Source: https://www.prnewswire.com/news-releases/elastic-laminates-market-to-increase-at-a-cagr-5-6-through-2018-to-2028–future-market-insights-300794832.html

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI's research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

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Future Market Insights
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COMTEX_362156754/2612/2020-02-18T10:32:13

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