Hydrogel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Hydrogel Market Manufacturers and is segmented by Structure (Amorphous, Semi-crystalline, and Crystalline), Material (Polyacrylate, Polyacrylamide, Silicone, and Other Materials), End-user Industry (Personal Care and Hygiene, Pharmaceuticals and Healthcare, Food, Agriculture, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Hydrogel in revenue (USD million) for all the above segments.

Hydrogel Market Size

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Hydrogel Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 23.16 Billion
Market Size (2029) USD 32.62 Billion
CAGR (2024 - 2029) 7.10 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Hydrogel Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hydrogel Market Analysis

The Hydrogel Market size is estimated at USD 23.16 billion in 2024, and is expected to reach USD 32.62 billion by 2029, growing at a CAGR of 7.10% during the forecast period (2024-2029).

The COVID-19 pandemic harmed the hydrogel sector. Global lockdowns and severe rules enforced by governments resulted in a catastrophic setback as most production hubs were shut down. Nonetheless, the business has been recovering since 2021 and is expected to rise significantly in the coming years.

  • Over the short term, the increasing application of hydrogel in the healthcare industry and the surge in adoption in the agriculture industry are expected to drive the market's growth.
  • However, the high production cost of hydrogel is expected to hinder the market's growth.
  • The emergence of a new application area for hydrogel and rising awareness and adoption of hydrogel in the biomedical and personal care sector will act as an opportunity for the market studied.
  • The Asia-Pacific region dominated the global hydrogel market with a significant share, and it is expected to register the fastest CAGR during the forecast period.

Hydrogel Market Trends

Personal Care and Hygiene Segment to Dominate the Market

  • Hydrogel is suitable for hygiene products due to its soft and tissue-like physical properties, superior water absorption, good oxygen permeability, superior biocompatibility, and micro-porous structure for additional transport channels.
  • Hygiene products aim to make thinner pads with higher absorbency under load, increased swelling pressure, and increased suction power. Hence, the hydrogel is the most suitable option due to its properties.
  • Several government organizations, such as the World Health Organization, World Bank Group, and UNICEF, are raising awareness about the importance of hygiene, especially menstrual hygiene management (MHM) for women and adolescent girls.
  • The World Bank Group initiated a flagship sanitation operation under the Swachh Bharath Mission in India. This operation aims to increase awareness among the community, including boys and men, to break the taboo around menstruation.
  • Further, the personal care industry is also expected to observe a surge in the number of young and independent brands, as e-commerce sales are surging and providing stiff competition to some of the major companies in the personal care industry, including Procter & Gamble, Revlon Inc. Oriflame Cosmetics Global SA, The Avon Company, The Estee Lauder Companies Inc., and Unilever.
  • The market for personal care products is dominated by a few key players, such as L'Oréal, Procter & Gamble, Unilever, and Shiseido Co., Ltd. L'Oréal has the highest cosmetics and personal care sales among the companies, and the company generated sales of around USD 41.95 billion in 2022.
  • According to Cosmetic Europe, the personal care association, Europe's 500 million consumers use cosmetic and personal care products every day to protect their health, enhance their well-being and boost their self-esteem. Ranging from antiperspirants, fragrances, make-up, shampoos, soaps, and sunscreens, to many others.
  • Oberlo stated that, in the United States, the personal care industry grew by 2.95% in 2022, and this growth is expected to outpace in 2023 to reach USD 42.2 billion. This is expected to stimulate the demand for the hydrogel market in the country.
  • Owing to all these factors, the personal care and hygiene products in the world may drive the demand for hydrogel during the forecast period.
Hydrogel Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share due to the growing personal care and hygiene, agriculture, pharmaceuticals, and healthcare sectors in countries such as China, India, and Japan.
  • The pharmaceutical industry in China was anticipated to grow by about 17% year-on-year in 2022 stated by ECHEMI. Digestive and metabolic drugs account for around 14% of the total pharmaceutical market of the country.
  • The growing middle-class and aging population in China, rising incomes, and increasing urbanization drive pharmaceutical sales in the country. According to CEIC Data, the pharmaceutical sales revenue in China in June 2022 accounted for USD 223,946 million, up compared to USD 146,041 million in April 2022. The country has a large and diverse domestic drug industry, comprising around 5,000 manufacturers and many small or medium-sized companies.
  • In the global pharmaceuticals sector, India is a prominent and expanding player. According to PIB India, India is one of the world's major suppliers of generic medicines, accounting for 20% of the global supply by volume. Indian drugs are exported to more than 200 countries, with the United States being the key market.
  • According to the Director General of the Pharmaceutical Export Promotion Council of India (Pharmexcil), India exported INR 1,75,040 crore (USD 24.62 billion) worth of pharmaceutical products, including bulk drugs/drug intermediates, in FY2021-22. Furthermore, India's pharmaceutical exports increased by 4.22% from April to October 2022, reaching USD 14.57 billion. The exports were valued at USD 13.98 billion during the same period in the previous fiscal.
  • Further, according to Indian Brand Equity Foundation, by 2030, the Indian Pharma industry is expected to reach USD 130 billion. In contrast, global pharmaceutical production's revenue is forecasted to reach nearly USD 1 trillion by the end of 2023.
  • Therefore, the abovementioned factors are expected to increase the demand for hydrogel in the coming years.
Hydrogel Market - Regional Trend

Hydrogel Industry Overview

The hydrogel market is fragmented, with a few players holding a considerable share in the market. Some of the market's key players (not in any particular order) include 3M, Johnson & Johnson Services, Inc., Cardinal Health, CooperVision, and Smith & Nephew.

Hydrogel Market Leaders

  1. 3M

  2. Cardinal Health

  3. CooperVision

  4. Smith & Nephew

  5. Johnson & Johnson Services, Inc.

*Disclaimer: Major Players sorted in no particular order

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Hydrogel Market News

  • March 2022: CooperVision announced that it offered more options to the eye care professional by providing plastic neutral silicone hydrogel 1-day contact lenses in the United States. It helped the company to expand its leadership in reducing environmental impact.

Hydrogel Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Application in the Healthcare Industry

      2. 4.1.2 Surge in Adoption in Agriculture Industry

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 High Production Cost of Hydrogel

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Structure

      1. 5.1.1 Amorphous

      2. 5.1.2 Semi-crystalline

      3. 5.1.3 Crystalline

    2. 5.2 Material

      1. 5.2.1 Polyacrylate

      2. 5.2.2 Polyacrylamide

      3. 5.2.3 Silicone

      4. 5.2.4 Other Materials (Agar, Gelatin, PVP, and PEG)

    3. 5.3 End-user Industry

      1. 5.3.1 Personal Care and Hygiene

      2. 5.3.2 Pharmaceuticals and Healthcare

      3. 5.3.3 Food

      4. 5.3.4 Agriculture

      5. 5.3.5 Other End-user Industries (Forensics and Research)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Ambu A/S

      3. 6.4.3 Ashland

      4. 6.4.4 Axelgaard Manufacturing Co., Ltd.

      5. 6.4.5 Bausch Health Companies Inc.

      6. 6.4.6 Cardinal Health

      7. 6.4.7 Coloplast Corp.

      8. 6.4.8 ConvaTec Inc.

      9. 6.4.9 CooperVision

      10. 6.4.10 DSM

      11. 6.4.11 Essity Health & Medical

      12. 6.4.12 HOYA Corporation

      13. 6.4.13 Integra LifeSciences Corporation

      14. 6.4.14 Johnson & Johnson Medical Limited

      15. 6.4.15 Mölnlycke Health Care AB

      16. 6.4.16 Medtronic

      17. 6.4.17 Novartis AG

      18. 6.4.18 PAUL HARTMANN Pty Ltd.

      19. 6.4.19 SEIKAGAKU CORPORATION

      20. 6.4.20 Sekisui Kasei Co. Ltd.

      21. 6.4.21 Smith & Nephew

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emergence of New Application Areas

    2. 7.2 Rising Awareness and Adoption of Hydrogel in Biomedical and Personal Care Sector

    3. 7.3 Other Opportunities

**Subject to Availability
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Hydrogel Industry Segmentation

Hydrogel is a three-dimensional network of hydrophilic polymers that can retain large amounts of water. It can be derived from synthetic or natural polymers. Hydrogels are responsive to external stimuli such as temperature, pH, etc., and can change their function and structure according to the external environment. The hydrogel market is segmented by structure, material, end-user industry, and geography (Asia-Pacific, North America, Europe, South America, Middle-East, and Africa). The market is segmented by structure into amorphous, semi-crystalline, and crystalline. The market is segmented into polyacrylate, polyacrylamide, silicone, and other materials. The market is segmented into personal care and hygiene, pharmaceuticals, healthcare, food, agriculture, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the hydrogel market in 15 countries across major regions. The market sizing and forecasts have been done for each segment based on revenue (USD).

Structure
Amorphous
Semi-crystalline
Crystalline
Material
Polyacrylate
Polyacrylamide
Silicone
Other Materials (Agar, Gelatin, PVP, and PEG)
End-user Industry
Personal Care and Hygiene
Pharmaceuticals and Healthcare
Food
Agriculture
Other End-user Industries (Forensics and Research)
Geography
Asia-Pacific
China
India
Japan
South korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Hydrogel Market Research FAQs

The Hydrogel Market size is expected to reach USD 23.16 billion in 2024 and grow at a CAGR of 7.10% to reach USD 32.62 billion by 2029.

In 2024, the Hydrogel Market size is expected to reach USD 23.16 billion.

3M, Cardinal Health, CooperVision, Smith & Nephew and Johnson & Johnson Services, Inc. are the major companies operating in the Hydrogel Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Hydrogel Market.

In 2023, the Hydrogel Market size was estimated at USD 21.62 billion. The report covers the Hydrogel Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydrogel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Hydrogel Industry Report

Statistics for the 2024 Hydrogel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hydrogel analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Hydrogel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)