Baby Sleeping Bag Market Trends and Forecast to 2030

 

• A baby sleeping bag is primarily used to maintain the body temperature of the baby at night. The sleeping bag ensures that the baby does not wake up due to the cold and is safe and sleeps peacefully at night. Baby sleeping bags are designed to provide comfort and warmth without the need for any additional bedding such as blankets and top sheets. Baby sleeping bags also reduce the risk of sudden infant death syndrome (SIDS). Available in different sizes, designs, materials, and colors, baby sleeping bags are more convenient than blankets. Babies wriggling under the covers at night is the risk attributed to blankets.  

Increasing awareness and usage of baby sleeping bags in emerging economies projected to be a driving factor for the baby sleeping bag market

• Rapid increase in awareness and usage of baby sleeping bags, and advantages such as the fact that it keeps the baby’s body temperature at a more constant level while sleeping, is easy to use, and offers peaceful sleep are projected to be major driving factors of the baby sleeping bag market during the forecast period.
• The rising population of infants and toddlers in developing countries such as China, India, Australia, and various other developing countries across the globe is also one the significant reasons projected to drive the sales of baby sleeping bags in the near future. 

Rise in sale of baby clothing and baby care products through company-owned websites and e-commerce websites anticipated to create new opportunity for the baby sleeping bag market

• Rising trend of selling baby clothing and other baby care products through online distribution channels especially on company-owned websites and on e-commerce websites such as Amazon, Walmart, and other regional e-commerce sites across the globe is anticipated to create huge opportunities for manufacturers and distributors of baby sleeping bags. Manufacturers and suppliers also offer discounts and exclusive offers and schemes to drive the overall sale of baby sleeping bags on e-commerce websites.

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Europe considered to be the Largest Market for Baby Sleeping Bags

• Geographically, the global baby sleeping bag market can be divided into five regions: North America, Europe , Asia Pacific, Middle East & Africa, and South America
• Europe accounted for major share of the global baby sleeping bag market in 2019. The market in Europe is anticipated to grow at a moderate rate during the forecast period due to rising trend of using baby sleeping bags with innovative shapes, designs, colors, and with different features such as printed animal characters, which is projected to drive the sales of baby sleeping bags.
• The market in Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rapid increase in number of new born babies, and rise in sale of baby clothing and other baby products on e-commerce websites in China, India, Japan, Singapore, Australia, and other Southeast Asian countries. These factors are projected to surge the demand for baby sleeping bags in the Asia Pacific region.

Key Players Operating in the Baby Sleeping Bag Market

Prominent baby sleeping bag manufacturing companies are likely to face healthy competition during the forecasted timeline. Brands such as Aden & Anais, Merino Kids USA, Gro-group, ergoPouch, and Vertbaudet are making baby sleeping bags with innovation designs, colors, shapes etc. and planning to expand and launch more comfortable and economical baby sleeping bags.

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Companies are also undertaking mergers & acquisitions or signing agreements with regional distributors and dealers to expand their business in various parts of the globe. Some of the key players operating in the global baby sleeping bags market include:

• Aden & Anais
• Merino Kids USA
• baby deedee LLC
• Gro-group
• Carter’s, Inc.
• ergoPouch
• Vertbaudet
• Superlove Merino
• Snüz

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Glass Container Market: Business Opportunities, Current Trends and Industry Analysis by 2026

Glass containers are the most preferred containers for storing beverages, food, and pharmaceutical drugs as they minimize the possibility of leaching of harmful chemicals. Glass is a high recyclable material and possesses characteristics that make it a highly desired packaging material. Recycling of glass saves many natural resources. It also reduces carbon dioxide emissions. The ability of glass containers to preserve the strength, aroma, and flavor of products makes them a favorable option for packaging food and beverages.

Glass stays chemically pure on contact with many substances. This makes it preferable for use in food and beverage packaging. Glass containers do not fade, strain, or deteriorate products inside. They keep products safe for long durations. Due to these properties, glass containers are widely preferred substitutes to plastic or metal containers for sustainable packaging.

The alcoholic beverages industry is a significant end-user of the global glass container market due to manufacturers’ preference for selling alcoholic beverages in glass bottles. Glass is a versatile container that maintains the original taste of any drink without changing its quality. Glass containers are available in different colors, sizes, and shapes according to the existing demand. Glass container manufacturers are undergoing significant changes to be more sustainable and increase customer preference for their products. The light weight of glass helps in reducing the cost of logistics. Other drivers influencing the market include rise in demand for healthy and organic food products and increase in emphasis on using eco-friendly recyclable materials.

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The global glass container market can be segmented based on product, material, end-use, sales channel, and geography. In terms of product, the market can be classified into glass bottles, glass jars, glass vials, and candle glass containers. Glass bottles are the most sought-after glass containers for beverages and other fluids. Glass bottles are extensively used as containers in the food and beverage industry to store liquids such as wines and sodas. Glass bottles are also a preferred form of packaging among manufacturers of pharmaceuticals.

Based on material, the market can be divided into clear glass, amber glass, and green glass. In terms of end-use, the market can be categorized into cosmetics & perfumes, pharmaceuticals, food packaging, beverage packaging, and other products. Based on sales channel, the glass container market can be bifurcated into online and offline channel. In terms of geography, the market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Europe is a significant region of the glass container market. The region is expected to maintain its dominant position in the near future due to expansion in the alcoholic beverage industry. Countries such as Germany and France constitute a major share of the market in Europe. This is because glass containers are extensively used in beverage packaging applications in the countries. Germany is the most populated country in Europe and accounts for a prominent share of the health care and homecare products. This is a key factor driving the glass container market in the region. Demand for glass containers in France is anticipated to increase due to an increase in demand for wine and other food and beverages produced in the country.

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The glass container market is estimated to welcome new entrants in the coming years, owing to rise in consumer preference for environment friendly products. Multinationals and other established players in the market are likely to focus on expansion in the near future. Key players operating in the glass container market include AGI Glaspac, Saverglass Group, Ardagh Packaging Group PLC, Owens-Illinois Inc., Verallia, Vidrala SA, Amcor Limited, BA Glass, Nampak Ltd., Wiegand-Glass, VITRO, Carib Glassworks Ltd, Gerresheimer AG, Hindustan National Glass & Industries Ltd, Nampak Ltd, Amcor Ltd, Toyo Glass Co. Ltd, Consol Glass, and Piramal Glass.

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Suncare Products Market 2020 – Key Global Trends & Growth Forecasts

The global suncare products market is all set to show stupendous growth during the forecast period of 2020 to 2030. One of the key reasons driving the market growth is growing efforts of key players to offer products according to the need of end users. In addition to this, rising demand for organic and natural personal care products is fueling the growth of the global suncare products market.

An upcoming research report from TMR on the suncare products market intends to offer in-depth analysis of vital elements influencing the market growth. The report covers all important data such as drivers, restraints, volume, shares, revenues, challenges, and probable growth avenues in the market for suncare products. Thus, this report works as a dependable guide on the global suncare products market for the forecast period of 2020 to 2030.

The global suncare products market is segmented on the basis of type, distribution channel, and region.

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Global Suncare Products Market: Growth Dynamics

In recent period, there is extensive growth in awareness about the impact of UV rays on the skin of human body. Apart from this, there is growth in number of melanoma and non-melanoma skin cancers, because of exposure to UV radiation. To avoid the unpleasant effects of these radiations, dermatologists are recommending the use of suncare products. As a result, there is increased demand for suncare products from all across the world. This factor is working as a driver for the growth of the global suncare products market.

Growing outdoor activities such as outdoor sports is one of the key driver for the growth of the global suncare products market. Important reason supporting this situation is increased inclination of majority of people to use suncare products while participating in outdoor activities. This aside, there is considerable increase in participation of major population from all across the world in tourism activities. As a result, the global suncare products market is witnessing substantial demand avenues from all worldwide locations.

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Global Suncare Products Market: Competitive Analysis

The global suncare products market is consolidated in nature. While the market witnesses presence of many international-level players, the competitive landscape of the market for suncare products is highly intense. Players are focused on the development of high-quality products. To achieve this motive, they are growing investments in research and development activities

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Finger Splint Market 2020 Industry Growth with Key Manufacturers Analysis

Transparency Market Research delivers key insights on the global finger splint market. In terms of revenue, the global finger splint market is estimated to expand at a growth rate of ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global finger splint market report.

In the report, TMR predicts that the global finger splint market would be largely driven by factors such as increasing incidence of accidental, sports, and adventure related injuries across the world. Moreover, usage of advanced materials to manufacture splints is expected to boost the demand for finger splints in the coming years.

According to the finger splint market research report, in terms of type, the market has been divided into frog splints, finger extension splints, finger cot splints, thumb spica splints, and others.

Based on type, thumb spica splint is expected to remain dominant in the global finger splint market. This is due to rising preference for leisure sports, physical activities/fitness, and aerobics significantly across the globe. In addition, thumb spica splint is mainly used to secure nonemergency injuries to bones until it can be checked by a consultant such as an orthopedic surgeon. Most sports injuries happen on the thumb area, due to which demand for thumb spica splint is very high. The thumb spica splint is indicated in radially-based hand and wrist injuries.

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In terms of material, the global finger splint market has been classified into aluminum, neoprene, plastic & thermoplastic, aluminum/foam, and others. Aluminum/foam held majority share in 2018 and is projected to hold the same position based on revenue generation during the forecast years as well. Aluminum/foam finger splints are sturdy, lightweight, foam-laminated aluminum splints that curve for appropriate immobilization. Plastic & thermoplastic and neoprene is projected to dominate the market in terms of CAGR growth rate as the material is majorly used in thumb spica splint and thumb spica splint is dominating the global market.

Finger Splint Market: Drivers, Opportunities, and Restraints

Large number of global manufacturers who have technical expertise and core competencies are in constant efforts to develop and manufacture splinting products to attract more customers, which is boosting the demand for finger splints across the globe. Moreover, aging population worldwide is a driving force of the finger splint market.  Elderly people suffer from a large number of neurodegenerative, cardiovascular, and musculoskeletal disorders. With age, the cartilage becomes susceptible to strain due to less water content, which requires splinting products.

Numerous research initiatives undertaken by various medical equipment manufacturing companies worldwide to develop splinting products which reduce sports causalities, give more comfort, and are lightweight, create new opportunities for finger splint manufacturers. Demand for or acceptance of advanced splinting products such as neoprene, polyester, or metal splints is increasing globally. Hence, companies are taking efforts to introduce advanced technology based splinting products to attract new customers, which is creating new opportunity for the finger splint market globally.

However, lack of private as well as government insurance cover, along with unfavorable reimbursement scenario in several economies such as Brazil and India is likely to restrict the uptake of advanced splinting equipment and supplies, which is anticipated to be the foremost factor limiting market growth.

Finger Splint Market: Prominent Regions

Asia Pacific was the largest market for finger splints in 2018. Major factors attributed to the large demand for finger splints are high frequency of road accidents and injuries, and ever-growing population in South Asia, India, and China. Apart from accidents, osteoporosis is a major cause of increasing number of fractures among individuals aged 50 years and above. Geriatric population is increasing at a rapid pace in China and Japan.

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Europe was the second largest market in 2018, generating around 27% to 34% of the total finger splint revenue globally. The finger splint market grew in response to the increasing awareness about safety of players; the number of tournaments and leagues taking place in this region is increasing which is leading to rising sports injuries. Therefore, demand for finger splints is rising in the region. The IOF estimated that over 61 million individuals above 50 years of age in the U.S. would be affected by low bone mass or osteoporosis by 2024, which is influencing the overall growth of the finger splint market.

Finger Splint Market: Key Players

Some of the key players operating in the finger splint market are Alimed, Inc., Tynor Orthotics Private Limited, Zimmer Biomet, Bird & Cronin Inc. (Dynatronics Corporation), Corflex, Inc., DJO Global, Inc. (Colfax Corporation), DeRoyal Industries, Inc., ORFIT INDUSTRIES NV, Silver Ring Splint, and Ortholife Global.

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Remote Control Products - Hobby Market Value Share, Supply Demand, Share and Value Chain

Transparency Market Research delivers key insights on the global remote control products - hobby market. In terms of revenue, the global remote control products - hobby market is estimated to expand at a CAGR of 3% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global remote control products - hobby market report.

In this market report, TMR predicts that rising frequency of various racing events (regional and international) across all categories of remote control products has encouraged several experienced as well as budding hobbyists to take interest in hobby grade remote control products.

These events have not only attracted the potential customers to the market but also encouraged innovations among manufacturers of RC products. During the first quarter of year 2020, more than 19 such top-level events were registered in the U.S. alone. Some of the other major countries known for such events include China, Hong Kong, Singapore, the U.K., and Dubai. Furthermore, in various locations across major markets, including North America, Europe, and Asia, hobbyists have the facility to race among various remote control racing groups.

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Increasing number of local race tracks is also one of the factors contributing to the growth of hobby remote control products. Although a few of the large RC tracks have closed in the past couple of years, emergence of several small scale, local tracks is anticipated increase in the coming years. This trend is further likely to encourage local participation and enable people to access the racing events without the need to travel long distances.

In terms of product type, remote control cars held the highest market revenue share in the global remote control products - hobby market in 2018 and are expected to remain dominant during the forecast period. However, in the coming years, the trucks and drones segments are anticipated to expand at a substantial pace. Enthusiasm for off road racing is expected to fuel the demand for monster trucks in the coming years. The versatility of remote control off-roading makes it a suitable hobby for busy people.

Based on age group, the 18-34 years segment led the remote control products - hobby market in 2018. The population falling in this age group are the people with high spending capability and keen interest in remote control products. Sound knowledge of technological advancements in RC products and skills to operate these new RC products in the market make the 18-34 years age group the most promising population group for the RC products – hobby market.

Majority of RC products hobby manufacturers are located in Asian countries, particularly in China. Some hobbyists across the globe still prefer the conventional method of buying these products, which is through specialty stores. In addition, rising adoption of e-Commerce globally, and ability of sellers to promote sales of products at relatively lower cost is likely to drive the online distribution channel.

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Remote Control Products - Hobby Market: Prominent Regions

Geographically, Asia Pacific led the remote control products - hobby market in 2018 and the region is expected to retain its dominance during the forecast period. Majority of remote control products hobbyists’ population resides in the Asia Pacific region, which accounts for more than 20% of the global remote control products market. In addition, Asia Pacific, being a noteworthy manufacturing base for the remote control hobby grade products industry makes it a prominent market globally.

Remote Control Products - Hobby Market: Key Players

The competition landscape of the remote control products - hobby market is highly fragmented with leading players accounting for nearly 50% of the revenue share. Key players operating in the global remote control products - hobby market include Traxxas, Redcat Racing, Horizon Hobby LLC, Artsana S.p.A, Silverlit Toys Manufactory Ltd., HPI Racing A/S, DJI, Kyosho Corporation, World Tech Toys, and Tamiya Inc.

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Household Vacuum Cleaners Market : In-Depth Market Research Report 2019-2026

According to a new market report published by Transparency Market Research  titled ‘Household Vacuum Cleaners Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global household vacuum cleaners market is expected to reach a value of US$ 18,936.9 Mn by 2026. The market is estimated to expand at a CAGR of 4.7% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach over 79.1 million units at a CAGR of approximately 4.5% by 2026.The household vacuum cleaners market in Asia Pacific is projected to expand at a rapid pace during the forecast period.

According to the report, the global household vacuum cleaners market is experiencing high-paced expansion in its size and valuation due to increase in the number of women in the workforce, change in consumer lifestyles, and increasing awareness about indoor health and hygiene. Despite the fact that the number of working women has increased since the past decade, women still do majority of household chores, which has led to the demand for convenient and efficient household cleaning tools.

The emerging focus of consumers in adopting advanced appliances for convenient and effective cleaning of dirt is a notable factor stimulating the demand for vacuum cleaners. Furthermore, the growing number of household consumers who are at the risk of asthma is a notable trend, catalyzing the uptake of vacuum cleaners. The presence of HEPA filtration technology in vacuum cleaners is gaining traction among consumers. In addition, technological advancements by leading companies to improve efficiency and provide a healthy environment is supporting market growth. Moreover, increasing infrastructural and development activities will present an opportunistic landscape for the household vacuum cleaners market.

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The household vacuum cleaners market has been segmented based on product type, distribution channel, and region. Based on product type, the market is categorized into upright vacuum cleaners, canister vacuum cleaners, central vacuum cleaners, robotic vacuum cleaners, drum vacuum cleaners, wet/ dry vacuum cleaners, and others (handheld, stick, etc.). The canister vacuum cleaners segment accounted for a prominent market share in 2017, as these pumps are capable of cleaning tiny dust particles and even pet hair. In addition, the presence of HEPA filtration technology in vacuum cleaners is gaining traction among consumers. The use of advanced cleaning products helps in better cleaning of dirt, and consequently prevents respiratory allergies.

Moreover, robotic vacuum cleaners are anticipated to expand at a fast pace as manufacturers are initiating innovations to increase the reliability, productivity, and performance of the product, which are capable of cleaning floors, wall corners, and can also mop the floor. In terms of distribution channel, the offline stores segment is expected to expand at a CAGR of 4.5% to reach over US$ 10,000 Mn in the near future. The segment is followed by the online stores segment, which is anticipated to grow at a fast pace. Manufacturers are focusing on e-commerce/ online channels and internet retailing as it helps to lower the cost of the product by reducing the rental cost of physical stores and the cost of staff that physical stores require. Chinese internet retailers such as Alibaba are taking up this opportunity to sell more products online with great offers, product discounts and promotions, and targeting small household consumers who look forward to buy these appliances.

In terms of geography, North America dominated the global household vacuum cleaners market in 2017 with more than 32% share and is expected to maintain its leading position during the forecast period, followed by Europe. In Asia Pacific, China and Japan are dominating the household vacuum cleaners market, followed by India. The market in Asia Pacific is projected to expand at a fast pace due to the swift pace of urbanization in various economies of the region, which is fueling the substantial uptake of household vacuum cleaners. The rising disposable income of consumers, especially in China and India, is leading to a surging demand for modern home appliances including vacuum cleaners. In addition, supported by a rapidly expanding middle class in China and India, Asia Pacific is expected to remain the fastest growing region for household appliances.

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Some of the leading players of the household vacuum cleaners market are Bissell Inc., Dyson Ltd., Electrolux AB, Eureka Forbes, Haier Group Corporation, HausVac Inc., iRobot Corporation, Koninklijke Philips N.V., LG Electronics Inc., Miele &Cie KG, Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics Co., Ltd., Oreck Corporation, BLACK+DECKER Inc., and Techtronic Industries Co. Ltd. The companies involved in this market are focusing on R&D activities along with technological product innovation to strengthen theirposition in the industry. Moreover, geographical expansion and strategic partnerships & agreements with other companies are key business strategies adopted by household vacuum cleaner companies across different regions. In August 2018, Electrolux AB launched a cordless vacuum cleaner. The product Electrolux Pure F9, uses powerful battery technology and innovative design solutions to provide consumers with a product that combines the performance of a traditional vacuum cleaner with the freedom of a stick vacuum.

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Power Bank Market Analysis And Forecast To 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018.

Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide. Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments.

By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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