The North America baby bottle market size is expected to gain momentum by reaching USD 356.7 million by 2028 while exhibiting a CAGR of 3.6% between 2021 and 2028. This information is published by Fortune Business Insights in its latest report, titled “North America Baby Bottle Market, 2021-2028.” The report further mentions that the market stood at USD 273.6 million in 2020. Factors, such as the increasing demand for sustainable products are expected to bode well for the market in the forthcoming years.
A List of Renowned Baby Bottle Manufacturers Present in North America:
- Munchkin, Inc. (California, U.S.)
- PIGEON CORPORATION (Tokyo, Japan)
- Mayborn Group Limited (Benton Ln, U.K.)
- Babisil International Ltd. (Siu Lek Yuen, Hong Kong)
- Handi-Craft Company (Missouri, U.S.)
- Newell Brands Inc. (New York, U.S.)
- Koninklijke Philips N.V. (Amsterdam, Netherland)
- Comotomo Inc. (Sunnyvale, U.S.)
- Kiinde LLC (Melbourne, U.S.)
- Pacific baby Incorporated (Salt Lake City, U.S.)
- GoodBaby International Holdings Ltd. (Suzhou, China)
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What does the Report Provide?
The market report provides in-depth analysis of the market and focuses on
crucial aspects such as leading companies, applications, and types. Also, the
report provides qualitative and quantitative insights into market trends and
highlights vital industry developments. Additionally, the report encompasses
various factors that have contributed to the growth of the market by adopting
several research methodologies during the forecast period.
DRIVING
FACTORS
Increasing
Demand for Sustainable Product to Augment Growth
According to the Food and Drug Administration, annually, about 800,000
illnesses affect children below the age of 10 in the U.S. The high use of
polycarbonate-based baby bottles can lead to contamination of food due to the
presence of bisphenol-A (BPA) that is used extensively during the manufacturing
process. This is propelling the people to adopt BPA-free bottles for their toddlers
to prevent contamination of food in the U.S. Therefore, owing to this, the
manufacturers in the North American region are focusing on developing
sustainable bottles manufactured using metal, silicone, and other materials.
This is expected to bode well for the North America baby bottle market growth
during the forecast period. For instance, in October 2020, Nanobebe U.S. Ltd.,
a leading U.S.-based baby products company, announced the launch of Flexy
Silicone Baby Bottle to cater to the growing consumer demand.
Read a Detailed Summary of This Report:
COVID-19
INSIGHTS-
Closed
Stores and Lockdown amid COVID-19 Lead to Market Exhibiting a Negative Growth
Rate of -4.7% in 2020
The global pandemic led to the closure of stores as the government
agencies announced complete lockdown to contain the spread of the disease in
the U.S., Canada, and Mexico. The rising number of infection amongst the
population meant that the people were advised to follow social distancing norms
and stay at home. This resulted in the market exhibiting a negative growth rate
of -4.7% in 2020. However, the surge of online medium more than ever meant the
market trying to regain its position to the pre-pandemic levels and further the
opening of stores taking into consideration all the safety regulations will
favor the market’s growth in the forthcoming years.
COUNTRY
INSIGHTS
Presence of
Prominent Companies in the U.S. to Augment Growth
Among all the countries, the U.S. stood at USD 221.7 million in
2020 and is expected to hold the highest position in the market in the
forthcoming years. This is attributable to the presence of prominent companies
such as Newell Brands Inc., Munchkin Inc., and Handi-Craft Company in the U.S.
The market in Mexico is expected to showcase exponential growth backed by
the increasing consumption of sugar-sweetened beverages such as juices, milk
formulas, and others among the toddlers that will boost the adoption of baby
bottle during the forecast period.
COMPETITIVE
LANDSCAPE
Major
Companies Focus on Merger and Acquisition to Amplify Their Market Positions
The market is fragmented by the presence of major companies that are striving to maintain their dominance by acquiring other small companies to expand their product and further boost sales revenue. Furthermore, other key players in the market for North America baby bottle are adopting organic and inorganic growth strategies to maintain their presence during the forecast period.
Industry
Development:
- November 2020 – goPuff, a leading digital delivery services company, announced the acquisition of BevMo Corporation, a beverage products business that focuses on delivering wine and baby bottles to the millions of people across California, Arizona, and Washington D.C.
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