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The global baby bottle market size is expected to reach US$ 4.11 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 4.7 between 2022 and 2027. According to the report, new baby born growth rate, high adoption of babies and increasing working women creates demand for baby bottles across the globe.
The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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It includes in-depth insights into the baby bottle market. Some of these are:
Plastic Baby Bottle Currently on Demand
Based on the product type, the plastic baby bottle segment holds the major market share in the global baby bottle market. Baby bottle which are also available in glass and stainless steel, does not attract consumers at bulk. Plastic baby bottle are available at both, online and offline sales channel and furthermore, lightweight property of the bottle makes it the largest segment as compared to glass or stainless steel.
Major production of plastic baby bottles by the manufacturer fuel the market for higher sales. Furthermore, low price of plastic baby bottles as compared to glass or stainless steel propel the market for further growth. Increasing use and growing demand for plastic baby bottles hold the highest value share in the global market and also anticipated to grow at highest CAGR during the forecast.
Some of the leading players operating in the baby bottle market are Mayborn Group Limited, BABISIL, Pigeon, Handi-Craft Company, Munchkin, Artsana USA Inc, Novatex North America, Linyi Shansong Biological, Narula Overseas Industries Pvt. Ltd, Linco Baby Merchandise Work’s Co., Paul Manufacturing Company, Alpha Baby Care Co., Bonny Baby Care Pvt. Limited. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
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The global baby bottle market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
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About Future Market Insights (FMI) Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Baby Bottle Market Is Predicted to Be Driven by an Increase in The Working Female Population and Their Busy Life Schedules appeared first on Future Market Insights.
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