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
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.
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