NEW YORK, April 11, 2022 (GLOBE NEWSWIRE) -- The Libya baby diapers and wipes market, which accounts for US$ 243 Mn in 2022, is anticipated to reach a net market valuation of US$ 360 Mn by the end of 2031. Demand for baby diapers and wipes in Libya is projected to rise at a steady CAGR of 4.4% from 2022 to 2031.
Focus on health and hygiene is a significant trend across the world, and is also a major concern in Libya. The Libya baby diapers and wipes market is expected to be positively influenced by factors such as rising disposable income, increasing awareness about hygiene, and rising consumer spending potential through 2031.
However, an instable political situation in Libya is expected to be a major constraining factor for the sales of baby diapers and wipes. Lack of awareness about hygiene and a high risk business landscape are other factors that may constrain Libya baby diapers and wipes market growth over the forecast period.
Key baby diaper and wipe suppliers are focusing on launching new, cost-effective products to ensure maximum market penetration due to limited consumer spending potential in Libya.
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Key Takeaways from Market Study
- Sales of baby diapers and wipes in Libya hold a net value of US$ 243 Mn in 2022.
- From 2022 to 2031, the Libya baby diapers and wipes market is predicted to exhibit progress at a CAGR of 4.4%.
- Hypermarkets and supermarkets to account for sales of 94,226 thousand units of baby diapers.
- By 2031, the Libya baby diapers and wipes market is expected to be valued at US$ 360 Mn.
- Increasing focus on health and hygiene, rising disposable income, and increasing availability of hygiene products are expected to be major factors influencing baby diapers and wipes market growth in Libya.
“Rising focus on hygiene and increasing disposable income of the general population are expected to be major trends in the Libyan market for baby diapers and wipes,” says a Persistence Market Research analyst.
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Competitive Landscape
Key baby diaper and wipe manufacturers are trying to capitalize on the increasing demand for hygiene products in Libya owing to rising awareness about health and hygiene.
Some of the key market players included in the report are Lucky Babe, Lilas, Peaudouce, Canbabe, Gizmo, Baby Lino, Bumble, Molfix, JHONSON, CHICCO, and ULTRA COMPACT,.
The above are identified as key manufacturers of baby diapers and wipes in Libya. These market participants are focusing on launching new, affordable baby diapers and wipes to meet the increasing demand in the Libyan market.
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More Valuable Insights on Offer
Persistence Market Research released a new market research on the Libya baby diapers and wipes market, covering industry analysis of 2016-2021 and forecasts for 2022–2031.
The Libya baby diapers and wipes market study reveals compelling insights on the basis of product type (diaper type, wipe type), style (diaper style, wipes) nature (conventional, organic), age group (0 to 5 months, 5 to 8 months, 9 to 24 months, above 24 months), sales channel (wholesalers/distributors, hypermarkets/supermarkets, specialty stores, multi-brand stores, convenience stores, pharmacy/drug stores, online retailers, and other sales channel), across Libya.
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