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Redding, California - May 16, 2024

Absorbent Pads Market to be Worth $5.7 Billion by 2031

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

Meticulous Research^®—a leading global market research company, published a 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.’

According to this latest publication from Meticulous Research^®, the 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 for absorbent pads 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 weight, medium weight, 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. The 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 of liquids, such as water, oils, solvents, chemicals, and bodily fluids; and the increasing use of universal absorbent pads to absorb large volumes of liquid and being cost-effective compared to alternative spill containment methods.

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. The hazmat absorbent pads help to maintain a safe working environment by reducing slip and fall hazards materials and the growing use of biodegradable materials to produce hazmat absorbent pads.

Based on absorbency weight, the absorbent pads market is segmented into light weight, medium weight, 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. The light weight absorbent pads need less storage space compared to heavier alternatives.

However, the medium weight segment is expected to register a higher CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of medium weight absorbent pads in industrial and commercial environments and the growing use of medium weight 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 & beverages, chemical, pharmaceutical, manufacturing, automotive, agriculture, oil & gas, and other end-use industries. In 2024, the food & beverages 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 in F&B to extend the shelf life of perishable food products by absorbing excess moisture, oils, and liquids. The absorbent pads are used to reduce the risk of cross-contamination between different food items by absorbing fluids, and the absorbent pads 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 in healthcare for various patient hygiene purposes, including bed protection and under pads for hospital beds. The absorbent 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 and regulations regarding oil and 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 produces absorbent pads.

Also, this market is expected to register the highest CAGR of above 6.5% during the forecast period.

Key Players

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.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5892

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of material, type, absorbency weight, and end-use industry?
What is the historical market size for the absorbent pads market?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the absorbent pads market?
Who are the major players in the absorbent pads market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the absorbent pads market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the absorbent pads market, and how do they compete with other players?

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Redding, California - May 16, 2024

Absorbent Pads Market to be Worth $5.7 Billion by 2031

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

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