Pune, India -- (SBWire) -- 03/25/2019 --The Diaper Bag Market's segment market shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates. Each segment represented visually with supporting reasons to justify the growth rates. IGR's report also covers drivers and restraints in the diaper bag market.
Infinium Global Research's report covers the annual growth of the Global diaper bag market. It also includes chapters on the Global diaper bag industry trends, geographic analysis, and competitive landscape.
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The report also includes a SWOT analysis to present the indicators of strength, weakness, prospects, and risk of the market until the completion of the projection period in 2024.
Diaper Bag Market: Industry Insights
The diaper bag is a special bag, has several small pockets to carry several essential items separately, to take care of a small baby. These bags are more suitable for working parents, who need to take care of their children in their office time, traveling or moving. These bags are coming in different varieties to reduce the stress on the person and allow him/her to do other work also.
Diaper Bag Market: Drivers and Restraints
The growth of nuclear families, urbanization, and growth in the number of working women professionals are helping to grow this market. The growing influence of nuclear families in the urban and rural areas are forcing the new working parents to carry their children with themselves. This trend is forcing them to carry all essentials item required to take care of their babies. Additionally, they need specially designed diaper bags, which provide them the freedom to do other works simultaneously. Hence, the demand for different varieties of diaper bag is increasing day by day. The availability of several alternative bags is hampering the growth of this market.
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Diaper Bag Market: Segmentation
On the basis of the sales channel, the market is segmented into a supermarket, hypermarket, specialty stores, online stores, and others. Supermarket sales channel accounted for a sizeable share in the market in 2018. The opportunity to see and feel the look and quality of baby diaper bag before purchase is attracting several new working parents in the supermarket. Additionally, these products are offered at less price in the supermarket, compared to other sales channel, owing to the bulk purchase of these items. Hence it is dominating the other sales channel.
Diaper Bag Market: Regional Insights
North America is the most dynamic, highly competitive and the largest market for diaper bag globally. The major driving factor, which has driven the growth of the diaper bag market in this region, is the presence of different branded bag manufacturing companies in this region. Additionally, a number of working parents have less time to care for their children at home in this region. Further, several MNCs are more concerned about the work-life balance of the working parents and providing crèche service to their employee, in their commercial offices. These two factors are helping to maintain the dominating position of North America in this market. European diaper bag market had been the most dynamic region in 2018. Europe is expected to grow at a steady rate within the forecast period. Asia-Pacific region remains bright, and the industry is projected to grow at the highest CAGR during 2018-2023. The growing influence of corporate culture and a growing number of new working parents in this region are helping to grow the diaper bag market at the highest CAGR in this region. ROW also shows a steady rise in the market owing to the growing demand for the diaper bag in the developing countries in this region.
Diaper Bag Market: Competitive Analysis
The global diaper bag market is highly competitive. The prominent players in the global creatinine market are Carter's, Inc., Graco, Sanrio Co., Ltd., J.J Cole Collections, Trend Lab, SUNVENO, OiOi, Arctic Zone & California Innovations Inc., Petunia Pickle Bottom, Ju-Ju-Be, Storksak, and Amy Michelle. Product innovation and acquisitions & mergers are the key parameters to remain competitive and to gain greater market share.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Diaper Bag.
- Complete coverage of all the product type and applications segments to analyze the trends,
developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis
of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies
that market players should focus to invest, consolidate, expand and/or diversify.
Global Diaper Bag Market Size, Shares, Growth, Segments, Industry Analysis & Outlook 2018-2024
Diaper Bag Market (Sales Channel - Supermarkets, Hypermarkets, Specialty Stores, Online Stores, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. The global diaper bag market is projected to grow at a CAGR of 6.10% over the forecast period of 2018-2024.