Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Baby Bottle Market size is expected to reach $5 billion by 2028, rising at a market growth of 5.3% CAGR during the forecast period.
The Plastic segment acquired maximum revenue share in the Global Baby Bottle Market by Product in 2021, thereby, achieving a market value of $2.19 billion by 2028. Polypropylene (PP), polyethersulphone (PES), polyphenylsulfone (PPSU), and polycarbonate are some of the raw materials used to make plastic baby bottles. Because of their durability and flexibility, PP-based bottles are the most prevalent form of plastic feeding bottles among the aforementioned raw materials.
The Online segment is showcasing a CAGR of 7.2% during (2022 - 2028). E-commerce has been rapidly growing in popularity in the market. To address rising market rivalry, distributors and retailers have used a range of strategies, including forging partnerships with e-commerce retailers to sell products in many countries. This helps them to expand their product and service offerings while also extending their distribution network, reaching new customers, and increasing product availability and exposure.
The Asia Pacific market dominated the Global Baby Bottle Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.86 billion by 2028. The North America market is estimated to witness a CAGR of 4.4% during (2022 - 2028). Additionally, The Europe market would experience a CAGR of 5.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/baby-bottle-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Pigeon Corporation, Koninklijke Philips N.V., Medela AG, Goodbaby Internationl Holdings Ltd., Artsana Group, Munchkin, Inc., Richell Corporation, Handi-Craft Company, Nanobébé US Ltd., and Mayborn Group Limited.
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