The Diaper Bag Market set to surge driven by growing working women population
The diaper bag market enables carrying essentials for babies along with extra clothing, feeding supplies, changing pad and toys on-the-go. Diaper bags come in various sizes, shapes and colours to match parents’ style and carrying needs. They provide compartments and pockets to store diapers, wipes, creams, feeding supplies, clothing and other baby essentials in an organized manner. The increasing number of working mothers and dual income households is driving demand for convenient diaper bags that ease the process of carrying baby essentials while parents are away from home.
The global diaper bag market is estimated to be valued at US$ 705.97 million in 2024 and is expected to exhibit a CAGR of 2.6% over the forecast period 2023 to 2030. Key players operating in the diaper bag market include Carter's, Inc., Sanrio Co., Ltd., Graco, J.J Cole Collections, SUNVENO, Trend Lab, LLC, OiOi, Arctic Zone & California Innovations Inc., Petunia Pickle Bottom, Storksak, Ju-Ju-Be, and Amy Michelle.
Key Takeaways
Key players - Key players Carter's, Inc. and Graco dominate over 30% of the global market share. Carter's market-leading brand offers stylish and affordable diaper bags meeting parents' varied needs.
Growing demand - Rising dual income households and working women population is fueling demand for convenient yet fashionable diaper bags that can hold all baby essentials comfortably while parents are on the go. This is expected to drive market revenues upwards over the forecast period.
Technological advancement - Key companies are focusing on incorporating advanced features like insulated bottle pockets, stroller straps, changing pad pockets and USB charging ports in diaper bags to optimize user convenience. App-enabled diaper bags with inventory tracking are also gaining traction.
Market Trends
Mini diaper bags - Compact and lightweight mini diaper bags are gaining popularity for quick errand runs and short outings. They offer basic pockets and space for a few essential items only.
Sustainable materials - Manufacturers are increasingly incorporating eco-friendly fabrics like organic cotton and recycled polyester in diaper bags responding to parents’ rising environmental concerns. FSC-certified printed bag options are also emerging.
Market Opportunities
Personalized diaper bags - Options for photo printing and customizable embroidery on diaper bags provide opportunity to gift unique bags to new parents. Major brands are expanding such personalized offerings.
Online retail expansion - Growing e-commerce and influence of digital parenting communities on social media create scope for brands to tap lucrative online sales potential through innovative content and targeting millennial moms.
Impact of COVID-19 on Diaper Bag Market
The COVID-19 pandemic has significantly impacted the growth of the diaper bag market. During the initial lockdown phases in 2020, the sales of diaper bags declined steeply as people restricted their outdoor activities and shopping. However, as restrictions eased in late 2020 and 2021, the demand started recovering gradually. Though the market is yet to reach its pre-pandemic figures, manufacturers are optimistic about future growth prospects. Compared to 2020, the sales increased by over 15% in 2021 indicating a positive trend.
However, supply chain disruptions during the peak pandemic times affected the availability of raw materials and components for major manufacturers. This resulted in delayed production and fulfilment of orders. Also, reduced discretionary spending during the economic slowdown posed challenges. But as the economy reopened and parenting needs continued, demand bounced back. Now manufacturers are focusing on expanding e-commerce channels, improving product offerings to cater changing needs and offering attractive deals to aid market recovery. Sustaining the momentum through innovative strategies will be crucial for long term growth in the post COVID period.
In terms of geographies, North America accounts for the largest share of the global diaper bag market, both in terms of value and volume. This is mainly attributed to high disposable incomes, sizeable number of working mothers and demand for innovative parenting products in the region. Within North America, the United States holds the major market share currently. Going forward, Asia Pacific is projected to be the fastest growing market during the forecast period owing to increasing birth rates, growing middle class and their rising spending power on childcare accessories in countries like China, India and other Asian economies.
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The global Diaper Bags Market size is anticipated to register revenue of USD 797.7 Million by the year 2025, according to a new report by Million Insights.
It is expected to grow with 2.9% CAGR over the forecast period, 2019 to 2025.
This growth can be attributed to the rising demand for storage which can hold number of utilities for babies and provide hassle free travel along with the infants.
Also, additional features like number of storage pockets, wheels and rigid handles help to enhance their functionality.
For example, the DIAPER-N-GO bag can be used as a foldable traveling bed, diaper bag and a station for cloth changing for the babies.
The application segment of travel held the largest share of around 70%, in 2018.
A diaper bag is perfect for keeping baby accessories.
If you want to get around, you have to carry a lot of things.
It is very important to choose the best diaper bags to protect things.A diaper bag can make your travel hassle-free.
There are several types of diaper bags.
If you want to keep things much smaller, you can choose a larger bag.It’s hard to take your little boy somewhere.
Especially in shopping or out of town, it’s hard to carry your own bag when the baby is in charge.
