The global beer market size was USD 743.84 billion in 2020. The market is projected to grow from USD 768.17 billion in 2021 to USD 989.48 billion in 2028 at a CAGR of 3.68% during the 2021-2028 period.
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Baby Bottle Market Share, Size, Revenue, Latest Trends, CAGR Status, Growth Opportunities and Forecast 2027
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% ****ween 2022 and 2027. 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.
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.
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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.
Who is Winning?
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.
Get Valuable Insights into Baby Bottle Market
Future Market Insights, in its new report, presents an unbiased analysis of the global baby bottle market, covering historical demand data and forecast figures for the period ****ween 2022 and 2027. The study divulges compelling insights on the baby bottle market based on material (plastic, stainless steel, others), capacity (less than 3 oz, 3-6 oz, 6-9 oz , more than 9 oz), by price range (high/premium, mid-range/economy), sales channel (wholesaler/ distributor, hypermarket/ supermarket, specialty stores, convenience stores, drug & pharmaceutical stores, online stores, others), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).
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