According to the market report published by Future Market Insights titled ‘Sippy Cups Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027,’ the revenue generated from sippy cups is estimated to be valued over US$ 7,765.2 Mn in 2018, which is projected to increase at a CAGR of 4.6% during the forecast period (2018-2027).
The global sippy cups market has been surging in terms of value sales over the past couple of decades, which can be attributed to an increase in the demand for various baby care products around the globe. Owing to an increase in the number of parents who are concerned about maintaining hygiene after the birth of their new born babies, the manufacturers of sippy cups have been working on introducing sippy cups to cater to the needs of this target segment. This has resulted in the introduction of various types of sippy cups made from good-quality base material. For instance, CollapseAndGo launched a new range of sippy cups that use silicon as the base material as silicon is tasteless, bacteria-resistant, and odourless and has high temperature resistance.
Growth in the trend of premiumization has led to an increase in the focus of customers as well as manufacturers on the value and quality of a product instead of the price. As a result, glass-based sippy cups as well as stainless steel sippy cups are gradually gaining traction in developed regions such as North America and Europe. With a rise in awareness about the ill-effects of using plastic sippy cups among customers, manufacturers have been taking steps to ensure the usage of good-quality base material for the production of sippy cups. For instance, Philips Avent, one of the key players in the sippy cups market, offers original plastic wide-neck bottles as well cups and plastic bottles with liners where one can fill up the liner with formula. Dr. Brown, a key player in the sippy cups market, claims to offer BPA-free plastic bottles and sippy cups in the global market. BPA is a kind of chemical produced when hot milk is being filled in bottles, which is considered to have a negative impact on the growth and development of infants.
Though sippy cups are a popular choice between babies and toddlers, the adverse effects associated with their usage are likely to restrain the growth of the global sippy cups market during the forecast period. According to The American Academy of Pediatrics (AAP) and the American Academy of Pediatric Dentistry (AAPD), the usage of sippy cups by infants are likely to affect development of the oral cavity as well as lead to speech problems, tooth decay and others.
Moreover, growth in population and increase in the adoption of e-commerce for selling products globally has led to the growth of B2C businesses in the various domains. Over the years, there has been a drastic change in consumer behaviour, and a large number of consumers are seeking products online as well as purchasing various products, such as FMCG products, clothes and others, through e-commerce. Growth in the number of online sales channel worldwide, along with an increase in the product portfolio of sippy cups through new product launches, is projected to accelerate the growth of sippy cups market. E-commerce platforms help promote products and services more effectively and enable target customers to procure products easily. Thus, e-commerce is an influential component responsible for the growth of the global sippy cups market over the forecast period.
Key Players in the Sippy Cups Market: Detailed profiles of companies are also included in the global sippy cups market report to evaluate their strategies, key product offerings and recent developments. Some of the key players profiled in the global sippy cups market study include Koninklijke Philips N.V.; Lollaland; Munchkin, Inc.; NUK USA LLC (Nestle SA); MAM USA Corporation; Ingeniri LLC (nuSpin Kids); Mayborn USA Inc.; ZoLi Inc.; Richell Corporation; Thermos LLC; Dr. Brown’s; Combi Corporation; Lifefactory, Inc.; Pigeon Corporation; Lansinoh Laboratories, Inc.; Gerber (Nestlé S.A.); The First Years Inc.; Playtex; Rhshine Babycare; Peek-A-Boo Group and Twistshake of Sweden AB.
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8107