Adhesive Bandage Market

The global adhesive bandage market is predicted to maintain an upward consumption trend, with a forecasted CAGR of +2.0% from 2022 to 2030. Market volume is expected to reach 2.3M tons and value to reach $39.9B by the end of 2030. Russia leads in both consumption and production, accounting for a significant share. The United States, China, and other countries also show growth in consumption, production, imports, and exports. Average annual growth rates vary across regions. The highest levels of adhesive bandage per capita consumption are seen in Russia, followed by several other countries. Import and export volumes and values are on the rise, with fluctuating trends observed. Prices fluctuate by country of origin and destination, with notable growth rates recorded in certain years. Overall, the adhesive bandage market is expected to see continued growth in the immediate term.

Market Forecast

Driven by increasing demand for adhesive bandages worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 2.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2022 to 2030, which is projected to bring the market value to $39.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Adhesive Bandages

For the eleventh year in a row, the global market recorded growth in consumption of adhesive bandages, which increased by 17% to 1.9M tons in 2022. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +108.1% against 2012 indices. Over the period under review, global consumption reached the maximum volume in 2022 and is expected to retain growth in years to come.

The global adhesive bandage market size reached $29.6B in 2022, growing by 6.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +63.8% against 2012 indices. Over the period under review, the global market reached the peak level in 2022 and is expected to retain growth in years to come.

Consumption By Country

Russia (1.2M tons) constituted the country with the largest volume of adhesive bandage consumption, accounting for 61% of total volume. Moreover, adhesive bandage consumption in Russia exceeded the figures recorded by the second-largest consumer, China (147K tons), eightfold. The third position in this ranking was held by the United States (101K tons), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia amounted to +15.5%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+0.5% per year) and the United States (+1.4% per year).

In value terms, Russia ($15.8B) led the market, alone. The second position in the ranking was taken by the United States ($3.1B). It was followed by China.

In Russia, the adhesive bandage market expanded at an average annual rate of +8.2% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+4.8% per year) and China (+0.9% per year).

In 2022, the highest levels of adhesive bandage per capita consumption was registered in Russia (8.1 kg per person), followed by Turkey (0.9 kg per person), the United States (0.3 kg per person) and Japan (0.3 kg per person), while the world average per capita consumption of adhesive bandage was estimated at 0.2 kg per person.

From 2012 to 2022, the average annual growth rate of the adhesive bandage per capita consumption in Russia amounted to +15.4%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Turkey (+12.2% per year) and the United States (+0.8% per year).

Production

World Production of Adhesive Bandages

For the eleventh consecutive year, the global market recorded growth in production of adhesive bandages, which increased by 17% to 1.9M tons in 2022. Overall, the total production indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +104.5% against 2012 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 20%. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, adhesive bandage production totaled $26.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13%. Global production peaked at $27.2B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

Russia (1.2M tons) constituted the country with the largest volume of adhesive bandage production, comprising approx. 61% of total volume. Moreover, adhesive bandage production in Russia exceeded the figures recorded by the second-largest producer, China (208K tons), sixfold. The third position in this ranking was held by the United States (79K tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume in Russia totaled +15.5%. The remaining producing countries recorded the following average annual rates of production growth: China (+2.1% per year) and the United States (-0.7% per year).

Imports

World Imports of Adhesive Bandages

In 2022, approx. 222K tons of adhesive bandages were imported worldwide; growing by 22% compared with the year before. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage imports expanded remarkably to $5.2B in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports By Country

In 2022, the United States (37K tons), distantly followed by Germany (21K tons), the UK (16K tons), the Netherlands (14K tons), France (11K tons) and Belgium (10K tons) were the major importers of adhesive bandages, together committing 50% of total imports. Spain (7.3K tons), Italy (5.8K tons), Malaysia (5.8K tons), China (4.5K tons), Mexico (4.1K tons), Russia (4K tons) and Canada (3.9K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +16.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest adhesive bandage importing markets worldwide were the United States ($908M), Germany ($480M) and the Netherlands ($385M), with a combined 34% share of global imports.

The Netherlands, with a CAGR of +15.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average adhesive bandage import price stood at $23,601 per ton in 2022, with a decrease of -6.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 6.1%. Over the period under review, average import prices attained the maximum at $25,462 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($49,245 per ton), while Malaysia ($9,218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Adhesive Bandages

In 2022, the amount of adhesive bandages exported worldwide soared to 207K tons, rising by 21% compared with the year before. The total export volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive bandage exports totaled $5B in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 16%. Over the period under review, the global exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China was the main exporting country with an export of around 65K tons, which resulted at 31% of total exports. Germany (18K tons) ranks second in terms of the total exports with an 8.6% share, followed by Japan (7.5%), the United States (7.4%) and the Netherlands (7%). Italy (7.3K tons), Belgium (7K tons), Spain (6.9K tons), Hungary (5.1K tons), the UK (4.9K tons) and France (4.3K tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to adhesive bandage exports from China stood at +8.2%. At the same time, Hungary (+16.6%), the Netherlands (+13.8%), Belgium (+9.2%), Italy (+7.4%), France (+4.5%), Japan (+3.2%) and Germany (+2.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.6% from 2012-2022. The United States, Spain and the UK experienced a relatively flat trend pattern. While the share of China (+8.7 p.p.), the Netherlands (+3.9 p.p.) and Hungary (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the UK (-1.6 p.p.), Spain (-1.8 p.p.), Germany (-1.9 p.p.) and the United States (-3.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($835M), the United States ($569M) and Germany ($517M) constituted the countries with the highest levels of exports in 2022, with a combined 39% share of global exports. Japan, the Netherlands, the UK, Belgium, Hungary, France, Italy and Spain lagged somewhat behind, together accounting for a further 37%.

Among the main exporting countries, the Netherlands, with a CAGR of +20.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average adhesive bandage export price stood at $23,888 per ton in 2022, falling by -7.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $26,051 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($56,522 per ton), while China ($12,802 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform