PUBLISHER: Meticulous Research | PRODUCT CODE: 1504181
PUBLISHER: Meticulous Research | PRODUCT CODE: 1504181
Absorbent Pads Market by Material (Plastic, Fiber, Paper), Type (Universal Absorbent, Oil Absorbent, Hazmat Absorbent), Absorbency Weight, End-use Industry (Healthcare, Food & Beverages, Chemical), and Geography-Global Forecast to 2031.
The research report titled, 'Absorbent Pads Market by Material (Plastic, Fiber, Paper), Type (Universal Absorbent, Oil Absorbent, Hazmat Absorbent), Absorbency Weight, End-use Industry (Healthcare, Food & Beverages, Chemical), and Geography-Global Forecast to 2031,' provides an in-depth analysis of global absorbent pads market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global absorbent pads market is projected to reach $5.7 billion by 2031, at a CAGR of 5.3% from 2024-2031.
The growth of the absorbent pads market is driven by the rising demand in the food sector and the growing environmental concern and regulations regarding oil and chemical spills in industries. However, the limited disposal option for used absorbent pads restrains the growth of this market. Furthermore, the proliferation of absorbent pads in the healthcare sector is expected to generate growth opportunities for the players operating in this market. However, the fluctuating raw material prices are a major challenge impacting market growth. Additionally, the surging demand for superabsorbent polymer pads is a prominent trend in this market.
The absorbent pads market is segmented by material (plastic [polyethylene, polypropylene, and superabsorbent polymer], fiber, paper, and other materials), type (universal absorbent pads, oil absorbent pads, hazmat absorbent pads, chemical absorbent pads, and other absorbent pads), absorbency weight (light, medium, and heavy weight), and end-use industry (healthcare, food & beverages, chemical, pharmaceutical, manufacturing, automotive, agriculture, oil & gas, and other end-use industries), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.
Based on material, the absorbent pads market is segmented into plastic, fiber, paper, and other materials. In 2024, the plastic segment is expected to account for the largest share of above 52.0% of the absorbent pads market. The segment's large market share is attributed to the increasing adoption of plastic materials such as polyethylene or polypropylene to prevent liquids from leaking through the pad. Plastic materials are easily molded and shaped to create absorbent pads of various sizes, shapes, and thicknesses, and the plastic materials are non-porous and easy to clean, making them hygienic and suitable for use in environments.
Also, this segment is expected to register the highest CAGR during the forecast period.
Based on type, the absorbent pads market is segmented into universal absorbent pads, oil absorbent pads, hazmat absorbent pads, chemical absorbent pads, and other absorbent pads. In 2024, the universal absorbent pads segment is expected to account for the largest share of above 48.0% of the absorbent pads market. The segment's large market share is attributed to universal absorbent pads being designed to absorb a wide range and volume of liquids, such as water, oils, solvents, chemicals, and bodily fluids, and their cost-effectiveness compared to other absorbent pads.
However, the hazmat absorbent pads segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing use of hazmat absorbent pads to handle a wide range of hazardous chemicals such as acids, bases, solvents, and oils. Hazmat absorbent pads help maintain a safe working environment by reducing slip and fall hazards. In addition, the growing use of biodegradable materials to manufacture hazmat absorbent pads also contributes to the segment's growth.
Based on absorbency weight, the absorbent pads market is segmented into light, medium, and heavy weight. In 2024, the light weight segment is expected to account for the largest share of above 45.0% of the absorbent pads market. The segment's large market share is attributed to the increasing use of light weight absorbent pads due to ease of handling and reduced storage space & shipping costs.
However, the medium weight segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of medium weight absorbent pads in industrial & commercial environments and the growing use of these absorbent pads due to their balanced absorption capacity, effective absorption, enhanced durability, versatility, and reduced linting.
Based on end-use industry, the absorbent pads market is segmented into healthcare, food & beverage, chemical, pharmaceutical, manufacturing, automotive, agriculture, oil & gas, and other end-use industries. In 2024, the food & beverage segment is expected to account for the largest share of above 49.0% of the absorbent pads market. The segment's large market share is attributed to the use of absorbent pads to extend the shelf life of perishable food products by absorbing excess moisture, oils, and liquids. Absorbent pads are used to reduce the risk of cross-contamination between different food items by absorbing fluids and provide a convenient solution for handling and transporting food items.
However, the healthcare segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing use of absorbent pads for various patient hygiene purposes, including bed protection and underpads for hospital beds. These pads are increasingly used for wound care, surgical use, patient hygiene, maternity care, medical imaging, and infection control.
Based on geography, the absorbent pads market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 36.0% of the absorbent pads market. Asia-Pacific's significant market share can be attributed to the increasing growth of food manufacturing in the region; the growing environmental concerns & regulations regarding oil & chemical spills in industries; the increasing use of absorbent pads in the healthcare industry in the region; and the increasing availability of raw materials such as plastic, paper, and fiber to manufacture absorbent pads.
Also, this market is expected to register the highest CAGR of above 6.5% during the forecast period.
The key players operating in the absorbent pads market are Novipax Buyer, LLC (U.S.), AptarGroup, Inc. (U.S.), 3M Company (U.S.), Pactiv Evergreen Inc. (U.S.), W. Dimer GmbH (Germany), Elliott Absorbent Products (U.K.), Cocopac Ltd (U.K.), Brady Worldwide, Inc. (A Subsidiary of Brady Corporation) (U.S.), Azapak Pty Ltd (Australia), Fentex Ltd (U.K.), Sirane Ltd (U.K.), Cool-Direct (Canada), Meltblown Technologies (U.S.), Cellcomb AB (Sweden), and ESP Sorbents (U.S.).
Absorbent Pads Market Assessment- by Material
Absorbent Pads Market Assessment-by Type
Absorbent Pads Market Assessment-by Absorbency Weight
Absorbent Pads Market Assessment-by End-use Industry
Absorbent Pads Market Assessment-by Geography
(Note: SWOT analysis of the top 5 companies will be provided.)