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Pharmacy benefit management market
Hygiene Converting Machine Market REPORT OVERVIEW
The global hygiene converting machine market size was USD 1287 million in 2022 and is projected to touch USD 1738.85 million by 2031, at a CAGR of 3.4% during the forecasting period.
With technology for hygiene converting machines for babies and adults advancing each day, there is a wide range of products available in the hygiene converting machine markets, such as adult diapers, adult pants, light incontinence pants, sanitary napkins, and tampons. Along with being flexible and durable, the machinery used to manufacture these products is of superior quality, thus bringing about innovation in the market. The market is shifting from traditional to modern methods as consumers' needs and preferences evolve with time. Hygiene machines are shifting focus from open to pant products (incontinence products) for adults and babies.
Newest innovations in the hygiene converting machine market include ultrasonic technology for applications suitable for a broad range of materials, unmanned robotic loading for materials, and others capable of reaching high-speed requirements. Industrial players now create machinery according to consumer requirements and preferences and also work with customers to produce efficient and high-performing hygiene machines. The market is proliferating, with crucial players expanding their technology and geographical boundaries.
COVID-19 Impact: Increased Need for Hygiene Products Shot Up Machinery Demand
With the lockdown disrupting daily movement and the placement of curbs, the demand for hygiene products increased as people stayed at home. The hygiene converting machine market saw a boom in demand, particularly in China, the leading manufacturer of hygiene products such as baby diapers, pants, and adult incontinence products. The last two years saw many innovations and technological advancements to meet the need of consumers speedily, displaying high efficiency. This, in turn, raised the demand for raw materials of the products in the market.
LATEST TRENDS
"Technological Advancements to Increase Market Growth"
The market for hygiene converting machines has risen exponentially after the pandemic, as the demand for adult incontinence products has grown in regions with older populations. Advancements such as zero elastic waste products and adult pants have given the market the boom in the machinery sector. Companies are developing machinery that produces comfortable and flexible products that are simple to use. With industry players expanding their production capacities each day, the hygiene converting machine market will grow at a rapid pace.
Hygiene Converting Machine Market Segmentation
- By Type Analysis
Based on type, the market categorizes into baby care machines, adult incontinence machines, and female hygiene machines.
Baby care machines are the top parts of the type segment.
- By Application Analysis
Based on application, the market is divided into baby diapers, baby pants, adult diapers, adult pants, light incontinence pants, and sanitary napkins.
Baby diapers and pants are the top parts of the application segment.
DRIVING FACTORS
"Developing Countries' Production Demand to Accelerate Market Growth"
The market will see an uptick in demand as developing countries pace the production of hygiene products due to massive demand. Countries in South Asia are stirring towards hygiene products as the population grows older and they comprehend the importance of hygiene in daily life. Lockdowns induced the need for personal hygiene in every household, which is why the demand for incontinence products is rising. This primary consumer demand will drive growth shortly.
"Aging Population in Developing Countries to Boom Adult Incontinence Products "
In countries like Japan, where the older population outnumbers the youth, the demand for adult incontinence products is unprecedented. Adult pants and diapers must function smoothly for older people, thus driving the hygiene converting machine market growth. Developing sustainable products with zero defects and green polymers is best suited for the more aging population to receive consumer satisfaction. Thus, countries with a rapidly growing older population are a potential source of investment in the market.
RESTRAINING FACTORS
"High Penetration Markets to Cause Slump in Market"
High penetration markets in developing countries may cause a decline in the market. The larger the region's population, the greater the challenge of a company to cater to consumer demands and preferences. With low penetration markets, manufacturers work with consumers to meet demand. However, the same isn't possible for high penetration markets or developing countries.
Hygiene Converting Machine Market REGIONAL INSIGHTS
"Asia Pacific to Lead Market Growth"
With critical manufacturers in the Asia Pacific, the region will have the largest hygiene converting machine market share of 42%. China is the top manufacturer of hygiene machinery in the Asia Pacific region and is followed by Italy in Europe. China has constantly been growing as the world's largest manufacturing factory, which will propel market growth for the Asia Pacific region in the form of huge gains. Be it baby products or adult incontinence products, China has the potential to increase its manufacturing capacity for any segment of the industry.
KEY INDUSTRY PLAYERS
The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks.
LIST OF TOP Hygiene Converting Machine COMPANIES
- Fameccanica (Italy)
- Zuiko (Japan)
- Curt G Joa (U.S.)
- GDM (Italy)
- JWC Machinery (China)
- Andritz Diatec (Italy)
- Anqing Hengchang {HCH} (China)
- Cellulose Converting Solutions {CCS} (Italy)
- Quanzhou Hanwei Machinery (China)
- W+D Bicma (Germany)
- Guangzhou Xingshi (China)
- Zhejiang Xinyong (China)
- Quanzhou Pine Heart (China)
- M.D. Viola (Italy)
- Haina (China)
- Delta (U.K.)
- Jinjiang Shunchang (China)
- Peixin (China)
INDUSTRY DEVELOPMENT
March 2022: Angelini Industries has signed an agreement to acquire a full stake over Fameccanica, a leading company in the factory automation of hygiene products. Fameccanica was in a joint venture with Angelini Industries and Procter & Gamble earlier, where Angelini Industries owned 50% share in the company. With this recent acquisition, Angelini Industries is set to tread on the path of diversification as it delves into the automation and robotics industry.
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates market dynamic forces for the forecast period. The report offers drivers, restraints, and future trends. The report also provides exhaustive PEST and SWOT analysis for regions after evaluating governmental, financial, and technical factors affecting the market. The research is subject to alteration if the key players and probable analysis of market dynamics change. The report is an approximate estimate of the factors mentioned.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1287 Million in 2022 |
Market Size Value By |
US$ 1738.85 Million by 2031 |
Growth Rate |
CAGR of 3.4% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the hygiene machine market expected to touch by 2031?
The global hygiene machine market is expected to touch USD 1738.85 million by 2031.
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What CAGR is the hygiene machine market expected to exhibit by 2031?
The hygiene machine market is expected to exhibit a CAGR of 3.4% by 2031.
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Which are the driving factors of the hygiene machine market?
Increasing production demand and aging population in developing countries are the driving factors of the market.
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Which are the top companies operating in the hygiene machine market?
Fameccanica, Zuiko, Curt G Joa, GDM, JWC Machinery, Andritz Diatec, Anqing Hengchang (HCH), Cellulose Converting Solutions (CCS), Quanzhou Hanwei Machinery, W+D Bicma, Guangzhou Xingshi, Zhejiang Xinyong, Quanzhou Pine Heart, Fu Tian, M.D. Viola, Haina, Delta, Jinjiang Shunchang, Peixin.