Bizizz Market Research has recently published a research report, “Packaging-Baby Care Packaging-PR Market By Product Type (Can, Bottle, Pouch, Paperboard and Other product), Material (Glass, Plastic, Metal, Paper and Other material), Application (Apparel, Health and personal care, Food and Other Application), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Baby Care Packaging Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 327.6 Bn by 2027, witnessing a CAGR of 6.7 % during the forecast period. Key drivers of the market are rising demand for premium baby care products along with the good appearance is driving its market growth.
Globally an increase in the number of traditional families in developing nations, constituting of Mexico, Brazil, China, and India, are supporting in the growth of this market. Key factors propelling its market growth is increased preference for better display and appearance. Enhanced demand of premium quality baby care products worldwide are raising its preference of appealing baby care offerings in different regions had contributed in its exponential growth for baby care packaging. Moreover, an increasing adoption rate of various types of baby care products along with the packaging, including tubes, cans, bottles, and pouches, are dominating in its higher demand for baby care packaging. There are various factors supporting to the growth in its market during the forecast period.
The Baby Care Packaging market is anticipated to register a CAGR of over 6.7% during the forecast period.
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By Product, pouches segment held a prominent share in Global Baby Care Packaging Market in 2018.
The global demand for baby care packaging is propelling with a exponential growth rate which is led by the stand-up pouches with sprouts are rapidly being utilized by the baby food packaging segment. These are light-weight and have unique barrier properties keeping the baby offerings with standard qualities and could have a higher shelf life period. Moreover, mothers choose these products to feed their kids with squeezable pouches that decreased need of spoons, bowls. The pouches are also chosen as they are flexible for application, easy to reseal and open. Consumers prefer to pay higher for advantages including reseal ability potential to improve the product life along with easy usage among others.
North America is Anticipated to Dominate the Global Baby Care Packaging Market during the Forecast Period.
The North American market is the vital region that is having higher presence of companies offering baby care products. Such offerings are propelling the market growth of the baby care packaging. Improved government regulations in context of baby care offerings. This includes packaging, high acceptance of valuable products, and high improvement and innovation in baby care product packaging in countries such as United States and Canada in the region. The Asia-pacific region is anticipated to witness a greater profitability and segment in the market because of its high adoption rate of attractive packaging products and increased launches of favorable displays for baby care offerings in developing nations such as China, India, etc.
Global Baby Care Packaging market was moderately consolidated with key players accounting for significant share in 2018. Organizations are offering innovative baby care packaging solution that are sustainable in nature are competing in the market
Prominent players operating in the Global Baby Care Packaging Market are: Gatewing, Sensefly, DeltaBaby Care Packaging, Titan aerospace, Infotron, Ascending Technologies, Aerial MBO, RedBird, Flying Eye, InterBaby Care Packaging, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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