Global Baby Feeding Bottle Market to Grow at Steady CAGR During Forecast Period
Safe and convenient baby
feeding bottles for feeding milk formula, increasing number of working women
and rising disposable income to drive global baby feeding bottle market growth
through 2024
According
to TechSci Research report, “Global
Baby Feeding Bottle Market By Material, By Capacity, By Distribution
Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global baby feeding bottle market is expected to grow
at a CAGR of around 4% during the forecast period on account of growing
popularity of feeding infant formula through bottles and rise in disposable
income. The bottles are manufactured with several replaceable bottle parts that
can be replaced according to convenience. For instance, various nipples with
different milk flow rate are available, so that it can be used for both, the new
born infant who needs lesser milk or formula, and also for little grown babies
who need it in comparatively large quantities. Baby feeding bottles made from polycarbonate contain a
harmful chemical known as BPA, which is banned by many government bodies as far
as baby feeding bottles are concerned. This factor has largely affected the growth of global baby
feeding bottle market.
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Global baby feeding bottle market can be segmented based on material, capacity,
distribution channel and region. In terms of material, the market can be
segmented into Plastic, Stainless Steel and Others. The plastic bottle type
dominated the market until 2018 and is expected to maintain its dominance
during the forecast period as well. Plastic bottles are lightweight and not
brittle, therefore are easy to carry while travelling, which is contributing to
the growth of this segment. However, due to the presence of chemical in these
bottles, the vendors are manufacturing BPA-free bottles.
Artsana USA Inc., Novatex North America, Linyi Shansong Biological, Handi-Craft
Company, Narula Overseas Industries Pvt. Ltd., Linco Baby Merchandise Work's
Co., Paul Manufacturing Company, Pigeon India Pvt. Ltd, Alpha Baby Care Co. Bonny Baby Care Pvt. Limited, etc., are some of the
leading players operating in global baby feeding bottle market. The companies
operating in the market are using strategies such as new product launches and distribution
channel expansion to boost their share. For instance, many companies including
Abbot and Nestle have launched new baby milk owing to growing demand for
formula milk.
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“Global
baby feeding bottle market is anticipated to grow at a steady rate during
forecast period on account of the growing demand for formula milk. Moreover,
other factors like hectic working hours coupled with increasing number of
working women are expected to fuel the demand for baby feeding bottles over the
next five years.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Baby Feeding Bottle Market By Material, By
Capacity, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global baby feeding bottle market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global baby feeding bottle market.
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