Pune, India, May 20, 2021 (GLOBE NEWSWIRE) – The North America Baby Bottle Market Size should gain momentum by reaching $ 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, entitled “North America Baby Bottle Market, 2021-2028. ” The report further mentions that the market was at $ 273.6 million in 2020. Factors such as the growing demand for sustainable products should bode well for the market in the years to come.
Closed stores and lockdowns amid COVID-19 led market to -4.7% growth rate in 2020
The global COVID-19 pandemic has led to store closures as government agencies announced a full lockdown to contain the spread of the disease in the United States, Canada and Mexico. The growing number of infections among the population meant people were advised to follow social distancing standards and stay at home. This led the market to post a negative growth rate of -4.7% in 2020. However, the boom in online media has forced the market more than ever to try to regain its position to pre-pandemic levels and to encourage the opening of stores, taking into account all safety regulations will promote market growth in the years to come.
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On the basis of type, the market is divided into Angular Neck Bottles, Vented Bottles, Wide Mouth Bottles, and others.
Based on type, the angular neck feeding bottle segment held a North America feeding bottle market share of around 9.76% in 2020 and is expected to show significant growth in the coming years. This is due to the effectiveness of these types of bottles which make it easy for mothers to switch their toddlers from breastfeeding to bottle feeding.
On the basis of material, the market is divided into plastic, stainless steel, glass and silicone. Moreover, on the basis of the distribution channel, the market is divided into online and offline. Finally, based on country, the market is categorized as United States, Canada, and Mexico.
What does the report provide?
The market report provides in-depth analysis of the market and focuses on crucial aspects such as major companies, applications, and types. In addition, the report provides qualitative and quantitative information on market trends and highlights vital developments in the industry. Further, the report encompasses various factors which have contributed to the growth of the market by adopting several research methodologies during the forecast period.
Growing demand for sustainable products to increase growth
According to the United States Food and Drug Administration (FDA), approximately 800,000 diseases affect children under the age of 10 each year in the U.S. Heavy use of polycarbonate-based baby bottles can lead to food contamination due to the presence of bisphenol-A (BPA) which is widely used during the manufacturing process. This is pushing people to switch to BPA-free bottles for their toddlers to avoid food contamination in the United States.
Therefore, for this reason, manufacturers in the North American region are focused on developing sustainable bottles made from metal, silicone and other materials. This is expected to bode well for the growth of the North America baby bottles market during the forecast period. For example, in October 2020, Nanobebe US Ltd., one of America’s leading baby products companies, announced the launch of the Flexy Silicone Baby Bottle to meet growing consumer demand.
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Presence of leading companies in the United States to increase growth
Among all the countries, the US market size was USD 221.7 million in 2020 and the country is expected to occupy the highest market position in the coming years. This is due to the presence of leading companies such as Newell Brands Inc., Munchkin Inc. and Handi-Craft Company in the United States.
The Mexican market is expected to show exponential growth supported by the increasing consumption of sugary drinks such as juices, formula and others among toddlers, which will drive the adoption of baby bottles during the forecast period.
Large companies will focus on mergers and acquisitions to strengthen their market presence
The market is fragmented by the presence of large companies who strive to maintain their dominance by acquiring other small companies to develop their product and further increase their sales income. Moreover, other key players in the North America baby bottle market are adopting organic and inorganic growth strategies to maintain their presence during the forecast period.
November 2020 – goPuff, a leading digital delivery services company, has announced the acquisition of BevMo Corporation, a beverage products company that focuses on delivering wine and baby bottles to millions of people in the states of California, Arizona and Washington, DC
List of Major Players Profiled in the North America Baby Bottles Market Report:
- Munchkin, Inc. (California, United States)
- PIGEON CORPORATION (Tokyo, Japan)
- Mayborn Group Limited (Benton Ln, UK)
- Babisil International Ltd. (Siu Lek Yuen, Hong Kong)
- Handi-Craft Company (Missouri, United States)
- Newell Brands Inc. (New York, United States)
- Koninklijke Philips NV (Amsterdam, The Netherlands)
- Comotomo Inc. (Sunnyvale, United States)
- Kiinde LLC (Melbourne, United States)
- Pacific Baby Incorporated (Salt Lake City, United States)
- GoodBaby International Holdings Ltd. (Suzhou, China)
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Detailed table of contents:
- Scope of research
- Market segmentation
- Research methodology
- Definitions and assumptions
- Market dynamics
- Key ideas
- Overview of parent / related markets
- Market trends and consumer behavior
- Impact of COVID-19
- Industry SWOT Analysis and Value Chain Details
- Bottle making process
- Recent Industry Developments – Policies, Partnerships, New Product Launches, and Mergers and Acquisitions
- North America Baby Bottle Market Analysis, Outlook and Forecast, 2017-2028
- Main findings / summary
- Market size estimates and forecasts
- By type (value)
- Angular neck bottle
- Ventilated bottle
- Wide mouth bottle
- By material (value)
- Stainless steel
- By distribution channel (value)
- By country (value)
- By type (value)
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