Theglobal baby diaper pails market isexpected to post a CAGR of more than 5% during the period 2020-2024, accordingto the latest market research report by Technavio.
Factors such as rapid urbanization and the rise in the number ofdual-income households with working mothers have significantly increased thedemand for premium and good quality baby hygiene products. Also, vendorsoperating in developing countries are increasing their spend on advertising tocreate awareness about baby hygiene and improve the sale of their products. Allthese factors are expected to fuel the growth of the market during the forecastperiod.
As per Technavio, the shift to organic and natural lines of baby careproducts will have a positive impact on the market and contribute to its growthsignificantly over the forecast period. This research report also analyzesother significant trends and market drivers that will affect market growth over2020-2024.
Global Baby Diaper Pails Market: Shift to Organic and Natural Line ofBaby Care Products
Parents prefer baby care products that are harmless and free fromalcohol and other chemicals. This is prompting vendors to introduce baby careproducts made of natural ingredients such as aloe vera gel and oatmeal toincrease their appeal to the consumers. For instance, some vendors are introducingproducts such as natural bamboo charcoal diaper pail deodorizers that purifythe air inside the diaper pail and neutralize the odor. Also, the bamboocharcoal absorbs the impurities present in the air. Hence, the shift toward anorganic line of baby care products will have a positive impact on the growth ofthe global baby diaper pails market.
Global Baby Diaper Pails Market: Segmentation Analysis
This market report segments the global baby diaper pails market by distributionchannel (offline and online) and geography (APAC, Europe, MEA, North America,and South America).
The North American region led the market in 2019, followed by Europe,APAC, South America, and MEA, respectively. During the forecast period, theNorth American region is expected to maintain its dominance over the market.This is due to increasing investments in R&D by market players in theregion. However, APAC will witness the maximum incremental growth during theforecast period owing to high birth rates and changing consumer lifestyles ofconsumers in the region.
Technavio’s sample reports are free of charge and contain multiplesections of the report, such as the market size and forecast, drivers,challenges, trends, and more.