Baby Bottles Industry Key Players Analysis and Competitive Strategies
The factors that propel the growth of the baby bottles market include growing population, growing demand, increasing number of working women, and technical innovation. Global baby bottles market is anticipated to witness an exponential growth in the forecast period. A bottle designed with a nipple for drinking purpose is known as r of working women, and technical innovation.
In addition, another factors that fuel the market growth include increase in manufacturing and marketing of formula milk and rising demand from emerging countries. On the other hand, there are factors that may hamper the growth of the market including risks associated with use of BPA in baby bottles and growing consciousness about the benefits of breast milk.
The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Rising demand from emerging countries has emerged as a new trend in the market. On the other hand, one challenge that is likely to affect the market is increasing consciousness about the benefits of breast milk.
Baby bottles market could be explored by product size, application, distribution channel, and geography. Market by product size comprise under 3-ounce, 3-6-ounce, 6-9-ounce and 9-12+ ounce. The
The key applications that could be explored in the market include 0-6 month
Asia-Pacific accounted for the major share of the baby bottles industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include high fertility rate, ever-increasing population, affordable, easy availability and introduction of several varieties of baby bottles by manufacturers.
Some of the key players that fuel the growth of the baby bottles market comprise Handicraft, Mayborn Group, Philips, Munchkin, and Pigeon Corporation, BABISIL, MAM, Zhejiang Rikang Baby Products, Comotomo, PLAYTEX, Lansinoh Momma, Summer Infant, Medela, Nip, Nuby, Richell, Bouche Baby, LOVI, Evenflo, Chicco, NUK, and others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Firma: Million Insights
Ansprechpartner: Tom Clark
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