Diaper bags are bags that allow a user to carry and store only essential baby related products while travelling. Rising birth rate is expected to drive growth of the global diaper bags market. The choice of diaper bags depends upon various aspects such as product sustainability, cost efficiency with value perceived, and convenient usage, which is further driving growth of the diaper bags market.
Among application segment, the travel use segment is expected to grow at the fastest rate in the global diaper bags market over the forecast period. Diaper bags help customers store only required items while travelling. Growing travel and tourism industry is driving growth of the global travel use diaper bags market to a certain extent. According to the World Travel and Tourism Council, global domestic expenditure on travel and tourism, in 2014 was US$ 340.4 Million, which increased to US$ 574.6 Million in 2016.
However, restrictions regarding the use of clear bags in selected public places is expected to thwart growth of the global diaper bags market. For instance, in 2018, The Nevada Wolf Pack football team announced a new clear bag policy inside campus sporting events for the safety of its patrons and to reduce security checking time. According to the new policy, diaper bags are not allowed in the stadium premises. Regulations such as these are expected to hamper growth of the global diaper bags market
Key features of the study:
- This report provides in-depth analysis of diaper bags and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2025), considering 2017 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market. This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players. It profiles leading players in the global diaper bags market on the basis of the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans. Key companies covered as a part of this study include Carter\’s, Inc., Sanrio Co., Ltd., Graco, J.J Cole Collections, SUNVENO, Trend Lab, LLC, OiOi, Arctic Zone & California Innovations Inc, Petunia Pickle Bottom, Storksak, Ju-Ju-Be, and Amy Michelle. Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launch, technology up-gradation, market expansion, and marketing tactics. The global diaper bags market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the diaper bags market.