Hydrogel Market Growth, Trends, Size, Share, Demand And Top Growing Companies 2029
World over, leading organisations are conscientiously disseminating the importance of personal care and hygiene products. Significant efforts are being made to create awareness of menstrual hygiene management (MHM) among adolescent girls and women. Owing to this, people around the world are showing a greater propensity to buy and use personal care and hygiene products. Evidently, hydrogel showcases much easier and better absorption under high load and swelling pressure which improves the functionality of hygiene products. In addition, its exceptional physical properties, such as better water absorption, finer oxygen permeability and microporous structure, and superior biocompatibility are further fuelling its application in personal care and hygiene products. In this framework, the extensive application of hydrogel in hygiene products coupled with rising demand for hygiene and personal care products is set to expand the dynamics of growth for the global hydrogel market.
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An Uptick in Demand from Agriculture Sector to Aid Market Expansion
As the global population is growing at a steady pace, the burden on the food and beverages industry has risen as well. Farmers, around the world, are making tremendous efforts to enhance their crop yields and substantiate the growing need for food. As a result, farming activities are being carried out on a wider scale. Hydrogel essentially retains the water in soil with plant yield and reduces the impact of drought. Moreover, it is also used in fertilisers to enhance the fertility of the soil and improve crop yield. Therefore, an upwelling demand from the agriculture sector is influencing the holistic growth of the global hydrogel market.
Growing Prevalence of Chronic Wounds to Create Significant Business Opportunity
Hydrogels are three-dimensional networks that comprise physically or chemically crosslinked bonds of hydrophilic polymers. The insoluble hydrophilic structures are well-capable in absorbing wound exudates and facilitating oxygen diffusion to accelerate healing. Hence, the use of hydrogel in wound therapy is significantly contributing to the market valuation. Besides, ascending incidents of acute wounds, burns, surgical wounds, and superficial wounds have presented the need for potential bandaging. alarming rise in incidents of chronic wounds and the dire need for effective bandaging has, therefore, created a subsequent demand for hydrogel dressings. These dressings are breathable and efficient in keeping the wound clean and close. Acknowledging these trends, key players are likely to shore up their R&D endeavours to come up with novel solutions, nurturing strong grounds for robust market expansion.
Hydrogel Market in Asia Pacific to Thrive with Extensive Industrial Applications
During the forecast period, Asia Pacific would be seen at the forefront of the hydrogel market, strongly backed by the robust growth in the healthcare, pharmaceuticals, agriculture, and personal care and hygiene domains. Moreover, emerging nations such as India and China are exhibiting great grit to dominate the regional market. These economies are highly lucrative with a concentration of consumer and patient base and an alarming rise in populace. The availability of raw materials, low-cost labour, and land is further fuelling the market expansion in these regions.
Major Market Players
Some of the most competitive players dominating the global hydrogel market include Johnson & Johnson, Cardinal Health, 3M, Smith & Nephew, BSN Medical GmbH, and Cooper Vision.
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