Return to: Business NewsDiaper Bags Market Size Worth $797.7 Million By 2025 | CAGR: 2.9The global diaper bags market size is anticipated to reach USD 797.7 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.9% over the forecast period. Growing consumer preference for organized utility storage and hassle free travel along with infants and product innovation with respect to trendy designs and loading capacity are some of the factors accelerating the growth of the global market. Diaper bags are designed with easy carrying features and multiple storage pockets that enable consumers to perform other ordinary tasks. Rigid handles, multipurpose features, and wheels are some of the product modifications aimed to enhance the functionality of the product. For instance, DIAPER-N-GO™ Changing Station is a multipurpose diaper bag that can be used as a diaper bag, a foldable travel bed, and a complete baby changing station. The backpack type held the largest share of 37.3% in 2018. Comfort of carrying the bag due to padded straps and advantage of freeing both hands are the prime reasons for the segment growth. The tote product segment is gaining popularity and is anticipated to expand at a CAGR of 3.4% from 2019 to 2025. Need to carry baby products and still look trendy is spurring the demand for this segment. For instance, the JJ Cole Brookmont diaper bag has 15 pockets and a removable liner on the inside to clean up messes quickly. This bag can be used by men and women both. Other bags including hobo, clutches, and satchels are also expected to witness significant growth over the forecast period. Manufacturers are introducing compact and trendy bag, along with utility features that distribute the load evenly. This, in turn, is expected to drive the demand for these bags. For instance, Cole Brookmont offer stylish diaper satchels equipped with enough number of pockets to store ample utilities, along with a removable liner on the inside to clean up any mess quickly. Some of the brands that offer stylish diaper bags are Skip Hop Travel Bag, Freshly Picked City Pack, and JJ Cole Brookmont. By application, travel use held the largest share of more than 70.0% in 2018. According to D.K. Shifflet & Associates, 62.0% of the U.S. millennial parents travel with kids under the age of five years. Rise in the number of family trips with infants and need to store the infant utilities in an organized manner have been accelerating the product demand for travel use. The online distribution channel is expected to expand at a CAGR of 3.1% from 2019 to 2025. The global market is expected to increase its sales through online channel due to the availability of a wide range of products to choose from, easy return, discounts, and home delivery of the product. Companies having offline stores are also targeting their distribution through online channel to reach out to the large customer base. Specialty stores like Babies”R”Us and Toys”R”Us also contribute to the growth of the online channel as they sell their products through online channels. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/diaper-bags-market Asia Pacific is expected to register the highest CAGR of 3.7% from 2019 to 2025. This growth is attributed to a rise in birth rates and increasing number of working mothers in countries like China and India. Rise in disposable income and improved standard of living are also the prime factors contributing to the market growth in this region. Key players of the market include Carter’s, Inc.; Disney; 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. Diaper Bags Market Report Highlights • The global diaper bags market is expected to expand at a CAGR of 2.9% from 2019 to 2025 • The tote product segment is expected to register the highest CAGR of 3.4% over the next few years • Based on distribution channel, retail outlets accounted for the largest share of more than 50.0% in 2018 • North America accounted for the largest share of 28.8% in 2018, majorly driven by the U.S. market. To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/diaper-bags-market/request/rs1 Diaper Bags Market Segmentation Grand View Research has segmented the global diaper bags market on the basis of bag type, application, distribution channel, and region: Diaper Bags Bag Type Outlook (Revenue, USD Million, 2015 - 2025) • Backpack • Tote • Messenger • Others Diaper Bags Application Outlook (Revenue, USD Million, 2015 - 2025) • Travel • Daily Use Diaper Bags Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025) • Online • Retail Outlets Diaper Bags Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America o U.S. • Europe o Germany o U.K. • Asia Pacific o China o India • Central & South America o Brazil • Middle East & Africa o South Africa For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/5984/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Diaper Bags Market Size Worth $797.7 Million By 2025 | CAGR: 2.9 Submitted on: July 13, 2020 12:34:55 PM Submitted by: sitakant On behalf of: www.prhub.com |