New York City, NY: Jun 18, 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 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. 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.
Sippy cups are made using a chemical – Bisphenol-A (BPA) – which is a component of polycarbonate plastics. The U.S. Department of Health and Human Service’s National Toxicology Program raised a concern that BPA could have adverse effects on a child’s brain development is a major factor expected to hamper the growth of the target market over certain extent.
Various manufacturers are focusing on strategies such as mergers or acquisitions with e-Commerce and supermarkets in order to increase product visibility, market their products on a larger scale, and make products more easily available. Local manufacturers across various regions focus on introducing innovative products that not only appealing to children, but also parents, in order to distinguish themselves from competitors.
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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.
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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from Wired Release http://bit.ly/2x0TfFi
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