Toddler Sippy Cups Market To Sustain 9.1% CAGR Value Up To 2026
New York City, NY: Sept 25, 2019 – Published via (Wired Release) – Sippy cup is a spill-resistant drinking cup designed with a tight lid and a spout, especially for toddlers. Sippy cups have a detachable lid with a projecting hole designed to help a young child sip liquid from cup without spilling it. Sippy cups are available in the form of plastic, glass, and stainless steel.
The first five-year cumulative revenue (2017–2021) is projected to be around US$ 6.8 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period. The global toddler sippy cups market is estimated to value nearly US$ 1.2 Bn in 2017 and is projected to register a CAGR of 5.0% in terms of value during the forecast period 2017–2026.
Global Toddler Sippy Cups Market: Market Dynamics
Major factors driving growth of the global toddler sippy cups market are growing population across the globe is a major factor due to which the adoption rate/ sales of toddler sippy cups is expected to increase significantly. In addition, the population planning policy of China which was introduced in 1979, had begun to be formally phased out by end of 2015, which in turn is going to result in increasing population in China.
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Constant product innovation and development by major manufacturers and increasingly robust competition is resulting in development and introduction of various innovative products with the primary objective to ensure toddler comfort and convenience. In addition, availability of sippy cups in supermarkets, hypermarkets, and e-Commerce websites make it convenient for parents to compare and choose from available products. Moreover, various manufacturers are implementing marketing strategies such as offering free sippy cups with other infant products and food, thereby resulting in increasing awareness and demand for such products.
Global Toddler Sippy Cups Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global toddler sippy cups market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global toddler sippy cups market is estimated to expand at a moderate CAGR of 5.0% during the forecast period.
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Global Toddler Sippy Cups Market: Segmental Snapshot
The market report has been segmented on the basis of type, application, and region. The type segment includes plastic glass, and stainless steel. The application segment includes < 12 Months, 12 to 24 Months, 2 to 4 Years, and > 4 Years. The regions covered in the analysis are North America, Europe, China, Australia, Asia Pacific (Ex Australia & China), South America, and Middle East & Africa.
By Type: The plastic type segment is expected to register a CAGR of over 5%, thereby accounting for highest revenue share among the type segments.
By Application: The 2 to 4 Years segment is expected to account for highest revenue share among the application segments, registering a CAGR of over 5% over the forecast period.
By Region: The toddler sippy cups market in China is estimated to record CAGR of over 6% between 2017 and 2026.
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Global Toddler Sippy Cups Market: Competitive Analysis
The research report on the global toddler sippy cups market includes profiles of major companies such as MAM Babyartikel GmbH, Philips Avent Holdings Limited, Munchkin, Inc., Richell Corporation, Thermos LLC, NUK USA LLC, The First Years Inc., Dr. Brown’s, Nuby Inc., Tommee Tippee (Mayborn Group Limited), Gerber (Nestlé S.A.), Lansinoh Laboratories, Inc., Pigeon Corporation, Combi Corporation, Lifefactory, Inc., and B.Box.
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