Autore: Mohit Patil

The global wardrobe market size was valued at USD 59.97 billion in 2022. The market is projected to grow from USD 62.97 billion in 2023 to USD 94.59 billion by 2030, exhibiting a CAGR of 5.98% during the forecast period. A wardrobe/cabinetry/closet is a piece of furniture equipped with shelves, hanging spaces, and drawers for storing clothes, accessories, and shoes. Numerous examples of new product launches by major industry players demonstrate the expansion of the industry. New product launches will increase the global market share of wardrobes in the coming years.

Fortune Business Insights provide this information in its report titled "Wardrobe Market, 2023-2030."

List of Key Players Profiled in the Wardrobe Market Report:

• Oppein Home Group (China)
• California Closets (U.S)
• Mobilspazio Srl (Italy)
• hülsta-werke Hüls GmbH & Co. KG (Germany)
• Closets by Design, Inc. (U.S.)
• Closet Factory (U.S.)
• Molteni&C S.p.A (Italy)
• Lema s.p.a (Italy)
• Würfel (India)
• Spacewood (India)

Segmentation:

Various Advantages to Accelerate Demand for Wooden Cabinetry

On the basis of material analysis, the global wardrobe market is fragmented into metal, wood, glass, and others. The wood segment held the largest market share in 2022, owing to the high demand for high-quality cabinetry with superior resistance and strength. The property of durability of wood cabinetry makes them a reliable investment. Additionally, these closets are easy to manage and maintain and are available in various designs and shades.

Easy Affordability and Maintenance to Boost Manually-operated Closet Sales

Based on category analysis, the market is segmented into automated and manual. The manual segment held the largest market share in 2022 due to easy maintenance, availability, and affordable product cost.

Rising Urbanization to Boost Product Sales in the Residential Sector

According to application analysis, the global market is divided into commercial and residential based on application. The residential segment is anticipated to dominate the market due to increasing number of households worldwide contributes to segmental growth.

Offline Segment to Retain its Importance during the Forecast Period

Based on distribution channel analysis, the market is divided into online and offline. The offline segment is estimated to hold the largest market share over the forecast period as it allows customers to inspect the product’s quality and attributes physically.

Geographically, market is analysed across North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Report Coverage:

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Recent industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints:

Rising Popularity of Home Decor and Demand for Customized Furniture to Propel Market Growth

The increasing use of furniture for interior and home decoration has spurred product demand. The cabinet can be customized to suit the needs of the user and the color, texture and style of the room fueling global wardrobe market growth. Manufacturers also focus on creating cabinets in various finishes, designs, and materials that add aesthetic beauty to a room and provide ample space for storing clothes and accessories.

For example, Alsorg, a furniture manufacturer based in Gurugram, India, launched in December 2020 his two new glass cabinets intended to add luxury to bedrooms. Cabinets are available in a variety of finishes, colors and materials. This product is designed to extend your bedroom into a dressing room.

However, rising consumer awareness regarding deforestation and loss of biodiversity is set to hamper the market growth.

Regional Insights

Numerous Small and Large Companies Invested in Asia Pacific Region to Drive Market Growth

Asia Pacific held the largest part in global wardrobe market share in 2022. The region is an important manufacturing region with many large and small companies such as Godrej Interio, IKEA, Suofeiya, and PA Cabinets. Increasing furniture production in countries such as China, India, and Japan will further expand the Asia Pacific market.

North America will be one of the key markets in 2022, benefiting from rising trends in home decor and interior design. North American consumers prefer cabinets in different colors, designs and materials to make their rooms look more attractive. The development of the local hotel industry continues to contribute to expanding the market.

European wardrobe designs typically complement a variety of interior design/home decor elements, from furniture and floors to lighting; similar to international market trends, wood options are the most popular in European homes. European furniture manufacturers usually prefer oak as their primary raw material due to its abundant and cheap availability in European countries.

Competitive Landscape:

Market Players Focus on New Product Launches to Strengthen Market Position

Leading companies in the market companies are competing to increase their market share by providing solutions that are specific to particular sectors. These players strategically work with and take over local rivals to gain a solid regional footing. In October 2022, Carlton London expanded its home furnishings range in India through Flipkart, by introducing its range of furniture the website. The brand’s Home products include closets, beds, sofas, mattresses, and TV units under its furniture range. 

Key Industry Development:

• October 2022: OPPEIN Group opened its new store in Zimbabwe. The company further plans to expand in various other cities across the country.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/wardrobe-market-104634

The global video games market size was valued at USD 188.73 billion in 2021 and is projected to grow from USD 199.74 billion in 2022 to USD 307.19 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Fortune Business Insights™ mentioned this in a report titled, “Video Games Market, 2023-2029.”

List of Key Players Profiled in the Video Games Market Report:

• Sony Group Corporation (Japan)
• Microsoft (U.S.)
• Nintendo (Japan)
• Tencent (China)
• Activision Blizzard (U.S.)
• Electronic arts (U.S.)
• Epic Games (U.S.)
• Take-two interactive (U.S.)
• Ubisoft (France)
• Bandai Namco Holdings Inc. (Japan)

Report Coverage-

The report provides an extensive overview of key drivers and challenges impacting market augmentation over the forecast timeframe. It studies the market thoroughly by fragmenting it into segments and regions. Growth rate and market share estimates of each segment and region are documented as well. Moreover, the report encompasses company profiles section that briefs readers about strategic moves made by leading players and enables them to make informed decisions.

Drivers & Restraints-

Increasing Integration of Advanced Technologies will Stimulate Industry Expansion

The growing integration of 3D, sound effects, high-definition graphics, Augmented Reality (AR), and Virtual Reality (VR) in games increases their appeal. Video games nowadays are very realistic due to their high-quality visual effects, sound effects, and detailing. A shift toward user centricity and personalization is further contributing to the global video games market growth.

On the other hand, rising concerns regarding growing aggression among teenagers due to the promotion of violence in games will act as a challenge for businesses operating in this domain.

Factors Affecting the Growth of the Video Games Market:

• Technological Advancements: Advancements in technology have significantly impacted the video games market. The introduction of high-performance gaming consoles, virtual reality (VR) devices, and powerful gaming PCs has enhanced the gaming experience and attracted a larger audience.
• Increased Access to Internet and Mobile Devices: The widespread availability of high-speed internet and the proliferation of smartphones and tablets have made gaming more accessible than ever before. Mobile gaming has particularly gained popularity, allowing people to play games on the go.
• Rising Disposable Income: As disposable incomes continue to rise globally, consumers have more spending power to invest in leisure activities like gaming. The affordability of gaming consoles, PCs, and games themselves has increased, making them accessible to a broader range of consumers.
• Growing Esports Industry: Esports, or competitive video gaming, has experienced tremendous growth in recent years. The rise of professional gaming tournaments and leagues has attracted a massive audience, driving the demand for video games and related merchandise.
• Expanding Demographic Reach: Video games are no longer limited to a specific age group or gender. The industry has successfully expanded its reach to include a diverse demographic, including children, teenagers, adults, and even older adults. This expansion of the target audience has led to increased market growth.
• Digital Distribution and Online Gaming: The availability of digital distribution platforms such as Steam, PlayStation Network, and Xbox Live has revolutionized the gaming industry. Players can now easily purchase and download games directly to their devices, eliminating the need for physical copies. Online multiplayer gaming has also become increasingly popular, creating social communities and driving engagement.
• Cross-Platform Gaming: The ability to play games across multiple platforms, such as consoles, PCs, and mobile devices, has further contributed to the growth of the video games market. Cross-platform compatibility allows players to connect and compete with friends, regardless of the devices they use.
• Gaming as a Social Activity: Gaming has evolved from being a solitary activity to a social experience. Online multiplayer games, streaming platforms like Twitch, and social media integration within games have fostered a sense of community among players. This social aspect has attracted more individuals to engage in gaming.
• Constant Game Innovation and Diversification: Game developers continuously introduce new and innovative titles, genres, and gameplay mechanics to keep the market dynamic. The introduction of virtual reality, augmented reality, and other immersive technologies has opened up new possibilities and attracted consumer interest.

These factors collectively contribute to the growth of the video games market, which is expected to continue expanding as technology advances and consumer preferences evolve.

Segments-

Increasing Penetration of Smartphones will Drive Market Growth

Based on device, the global market is split into smartphones, PC/laptop, and consoles. Among these, the smartphones segment held the largest video games market share. Increasing adoption of smartphones and easy access to 5G networks resulted in a rise in the number of gamers. Technological advancements in smartphones and availability of high speed internet have boosted mobile gaming, which will also aid market proliferation.

Technological Advancements and Tech Savvy Populace will Aid Market Proliferation

According to age group, the market is divided into generation X, generation Y, and generation Z. Generation Z is tech savvy as they grew up in an era of technological advancements, availability of high speed internet, and growing smart phone penetration.

Launch of Gaming Smartphones Will Propel the Market

As per platform type, the market is arrayed into online and offline. Among these, the online segment captured the largest share due to launch of new smartphones with advanced features, increasing digitization, and rapid internet penetration. The segment consists of various types of games such as first-Person Shooter Games (FPS), Multiplayer Online Battle Arena Games (MOBA), Real-Time Strategy Games (RTS), Battle Royale games, and others.

Geographically, the market is fragmented into North America, South America, Europe, Asia Pacific, and the Middle East & Africa.

Regional Insights-

Asia Pacific to Dominate Stoked by Presence of Leading Players

Asia Pacific is a leading contributor to market growth owing to the presence of leading companies in the region and rising internet and smartphone penetration. The growing usage of smartphones urges developers to focus on developing multiplayer video games such as PUBG and COD to meet the demand of expanding consumer base, which, in turn, propels market expansion.

North America is projected to grow rapidly owing to expanding gaming community, easy access to internet, and availability of devices with advanced technology.

Competitive Landscape-

Product Launches to Promote Market Augmentation

Leading companies often make strategic decisions such as partnerships, mergers & acquisitions, collaborations, and investments in research & developments to maximize profits. One such decision is to launch new products with advanced features to meet growing consumer requirements.

Key Industry Development-

• July 2022: Asus launched the new ROG Phone 6 Pro and ROG Phone 6 and expanded its gaming smartphone line. The phones have IPX4 rating, latest Snapdragon 8+ Gen 1 system-on-chip, 512 GB storage, and up to 18GB RAM.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/video-game-market-102548

The global camping equipment market size was valued at USD 77.94 billion in 2022 and is expected to reach a valuation of USD 83.58 billion in 2023 and is expected to reach USD 133.05 billion by 2030 with a CAGR of 6.9% during the forecast period. Camping equipment has tents, small cooking appliances, ropes, bags, and others that are required for trekking activities. Market key players have been launching new and attractive traveling products which are equipped with smart technology. Rising government investment in the tours and travel industry is expected to drive market development. Fortune Business Insights™ shares this information in its report titled “Camping Equipment Market, 2023-2030.”

List of Key Players Profiled in the Camping Equipment Market Report:

• MountCraft (India)
• Johnson Outdoor Inc. (U.S.)
• Nemo Equipment, Inc. (U.S.)
• Oase Outdoors ApS. (Denmark)
• Newell Brands (U.S)
• Zempire Camping Equipment (New Zealand)
• Exxel Outdoors, LLC (U.S.)
• AMG Group Ltd. (U.K.)
• Big Agnes, Inc. (U.S.)
• SUPAPEG (Australia)

Segments:

Backpacks To Lead As They Offer Flexibility and Comfort

On the basis of deployment, the market is segmented into backpacks, sleeping bags, tents, cooking system, furniture, and others. Backpacks segment held the majority part manufacturers are continuously striving to implement new variety in the backpacks which offers flexibility and comfort. The backpack segment is set to hold a share of 26.22% owing to the increasing trend for travel and tours among the young population.

Offline Channels To Lead As They Have wide Range Of Products

Based on distribution channel, the market is segmented into offline stores and online stores. Offline channels are expected to dominate the segment as they have a wide range of products. Amazon, Flipkart, ebay, Myntra, and others are some of the online channels which offers a wide variety of products.

Geographically, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

Report Coverage:

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Competitive Landscape:

Companies Have Been Collaborating Amongst Each Other To Gain Market Share

Key market players have been launching new products depending upon on the need for the customization and trekking taken up by the people. Diverse weather conditions, tracks, and other factors have been influencing the application of different trekking products increases the need for customized and high-durability products which led to the launch of customized trekking goods which is influenced the market positively. In May 2020, Big Agnes collaborated with Bluebird Backcountry to assist as the official protected jacket sponsor of the ski area, offering the guides, instructors, and members by providing insulated jackets.

Drivers:

Increasing Number of Recreational Activities to Drive Market Trajectory

Increasing number of recreational activities are anticipated to drive camping equipment market growth. Rising disposable income levels of the individuals in developing nations such as India, China, Brazil, France, and others increased the purchasing parity of the consumers in those regions supporting the growth of the market. Leisure activities helps in the reduction of stress, helps in the improvement of the health of the consumers, and personal development and growth in the long run.

However, rising costs of transportation has led to an increase in the inflation rate, consuming an large portion of consumers on these type of expenses which is anticipated to hinder market development.

Regional Insights:

North America to Lead Market Due To Presence of Established Market Players in the U.S

North America is expected to dominate camping equipment market share due to presence of established market players in the U.S. Availability of wide range of brands in travel or camping gear and accessories and kits and demand for luxury and premium travel accessory products.

Europe is also expected to be the second dominant region owing to various stakeholders and members of the tourism sector have initiated many projects and travel packages at an affordable price for the consumers.

Asia Pacific is anticipated to have a significant growth with prevalence of camping representing an increase of the youth in the outdoor games and events.   

Key Industry Developments:

• June 2022- Big Agnes announced the launch of 3N1 sleeping bag range which is made up of two distinct sleeping bags which can be combined to offer a deluxe sleep which is temperature-monitored according to different conditions.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/camping-equipment-market-104508

The global condom market size is expected to reach USD 10.97 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The growing awareness regarding STDs such as, hepatitis B, Syphilis, trichomoniasis, and chlamydia can fuel demand for condoms, which, in turn, will aid the expansion of the market, states Fortune Business Insights, in a report titled, “Condom Market, 2021-2028.” The market size stood at USD 5.31 billion in 2020.

The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated a lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.

Fortune Business Insights™ lists out all the condom market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Reckitt Benckiser Group (Slough, U.K.)
• LifeStyles Healthcare Pte Ltd (Melbourne, Australia)
• Caution Wear Corp. (New Hampshire, USA)
• Church & Dwight Co., Inc. (Ewing, U.S.)
• Cupid Limited (Nashik, India)
• Karex Berhad (Selangor, Malaysia)
• CPR GmbH (Sarstedt, Germany)
• ONE Condoms (Massachusetts, USA)
• Sagami Rubber Industries Co., Ltd. (Kanagawa, Japan)
• Okamoto Industries, Inc. (Tokyo, Japan)

Driving Factor:

Increasing Consciousness about Birth Control to Effectively Uplift Market

The growing knowledge about the use of condoms as a contraceptive can have an excellent impact on the market growth during the forecast period. As per the Contraceptive Use by Method 2019 of the United Nations report, the prevalence of male condoms has escalated from 4.5% in 1994 to 10.0% in 2019 globally. As per the same report, the number of women (those with reproductive age of 15 to 49 years) relying on male condoms as a means of contraception has substantially increased from 64 million in 1994 to 189 million in 2019.

Furthermore, the increasing utilization of other control methods such as oral pills can simultaneously improve the prospects of the market. However, oral pills have adverse effects and cause hormonal imbalance in women, resulting in serious health problems. Therefore, the weakened inclination towards contraceptive pills among women can subsequently fuel the demand. Besides, the rising sex education in developing nations can have a positive impact on the market in the forthcoming years.

Market Segments:

The market is segmented into male and female product types. The male segment is expected to dominate the market based on type owing to the higher usage rate, greater availability, and relatively lower cost compared to female product types. The market is classified into latex and non-latex. The latex segment is expected to hold a major market share due to its greater stretchability and strength compared to non-latex materials such as polyurethane. The market is divided into mass merchandisers, drug stores/pharmacies, online retail stores, and others. The drug stores/pharmacies segment is expected to hold the largest condom market share owing to the high availability of trusted brands.

Regional Insights:

Ever-increasing Population to Spur Demand in Asia Pacific

The market in Asia Pacific is lucrative and is expected to experience a rapid growth rate during the forecast period owing to the ever-increasing population and increasing education level in developing nations. The growing awareness regarding birth control methods can have an excellent impact on the market in Asia Pacific. The implementation of childbearing policies to control the population will effectually aid the growth of the market in the region. The increasing number of unwanted pregnancies will further spur demand for condoms, thus promoting the growth of the market.

As per the report, Contraceptive Use by Method 2019 of the United Nations, in Eastern and South-Eastern Asia, these are one of the most prevalent contraceptive methods accounting for 17% share in 2019. Europe and North America are expected to experience a steady growth rate due to contraceptive products' higher usage rate. As per the report, Contraceptive Use by Method 2019 of the United Nations, condoms in Europe and Northern America account for 14.6% share among all contraceptive methods in 2019.

Competitive Landscape:

Rising Emphasis on Eco-friendly Products by Prominent Companies to Spur Opportunities

To attract customers, companies are focused on producing original product designs, such as those with unique tastes and lubricants. Furthermore, they are concentrating on making their goods environmentally friendly and safer to use for customers, such as through the use of environmental friendly components and the responsible use of utilities throughout the production process. For example, Ritex, a German company, has employed EKOenergy-certified power in their sustainable product line "PRO NATURE." As a result, the launch of new goods, the adoption of environmentally friendly production techniques, and mergers and acquisitions strategies are expected to aid manufacturers in their company growth.

Key Industry Development:

• October 2020: Durex, a condom brand based in Britain, introduced a new product range, ‘‘Durex invisible condoms’’. This was launched in India as India’s thinnest condom product.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/condom-market-104519

The global water bottle market size was valued at USD 4.05 billion in 2022. The market is projected to grow from USD 4.19 billion in 2023 to USD 5.76 billion by 2030, exhibiting a CAGR of 4.7% during the forecast period.

A water bottle is a necessary thing to carry as it stores water that helps to keep one hydrated throughout the day. Water hydrates the body and keeps energy levels high. Drinking water can flush out body toxins and permit cells to function normally. The demand for stainless steel water bottles is increasing due to their superior properties such as versatility, durability, aesthetic appeal, and environmental friendliness. 

This information is provided by Fortune Business Insights in its report titled "Water Bottle Market, 2023-2030."

List of Key Players Mentioned in the Report:

• Sigg Switzerland AG (Switzerland)
• Thermos L.L.C. (U.S.)
• Tupperware Brands Corporation (U.S.)
• Klean Kanteen (U.S.)
• CamelBak (U.S.)
• S'well (U.S.)
• Contigo Brands (U.S.)
• Aquasana, Inc. (U.S.)
• HYDAWAY (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)

Report Coverage:

The report offers a detailed study of the market and a keen examination of the significant segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective.

Drivers and Restraints:

Surging Awareness of Non-Disposable Plastic Bottles and Innovations in Smart Water Bottles

Manufacturers are constantly introducing technology-based bottles to attract consumers. Innovations of smart water bottles and attractive features such as drinking alarms and temperature indicators attract consumers and will likely increase product demand during the projected period.

Strict government regulations restricted the supply chain and impacted the market growth negatively. Plastic contains harmful and toxic chemicals, BPA – bisphenol A – a compound known to adversely affect your health, hampering the market growth.

Segments:

Insulated Water Bottle Segment Holds the Dominant Share Owing to Vacuum Insulation

On the basis of product type, the market is divided into insulated, non-insulated, filter water bottles, infuser water bottles, and others. The insulated water bottle segment holds the dominant share owing to vacuum insulation to keep drinks ice-cold or piping hot for hours.

Plastic Segment to Dominate the Market Share Owing to its Superior Properties

Based on material type, the market is segmented into plastic, stainless steel, glass, and others based on material type. Plastic water bottles are appealing, durable, and often inexpensive and lightweight. These bottles are also cheaper to manufacture than aluminum or steel, or glass, contributing significantly to their popularity and dominating the market share.

Offline Segment to Dominate the Market Owing to a Wide Range Products Available

As per distribution channel, the market is bifurcated into offline and online. Offline segment is anticipated to hold the largest market share due to the wide variety of products available in a single store, such as supermarkets and hypermarkets.

By geography, the global market is segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Regional Insights:

Asia Pacific Dominated the Market Growth Owing to Healthy Lifestyle

Asia Pacific dominated the water bottle market share in 2022. Factors such as lifestyle changes and rapid urbanization contribute to expanding the reusable water bottle market. The increasing engagement of the government to use sustainable and eco-friendly materials is likely to boost the water bottle market growth.

North America and Europe record a significant share owing to the early adoption of stainless steel water containers and high consumption rates connected with hot beverages such as tea and coffee.

Competitive Landscape:

Prominent Players are Focusing on New Product Launches and Product Innovation

The manufacturers of water bottle are focusing on new product launches & new brands, mergers and acquisitions, and partnerships & expansion for growth in the market. Key players in the market launched innovative and unique drinkware to attract new consumers and boost product sales.

Key Industry Development:

• February 2021: Hydaway introduced a collapsible water bottle. The bottle is made from silicone and BPA-free plastic and has a soft, pliable construction except for at the mouth and one ring directly in the middle of the bottle.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/water-bottle-market-104635

The global baby care products market size was valued at USD 204.75 billion in 2021 and USD 215.13 billion in 2022. The market is expected to reach USD 331.92 billion by 2029 with a CAGR of 6.4% during the forecast period. Baby care products have been growing as they are the basic requirement for any baby. Increase in the number of new born babies has given rise in demand for baby oil, baby shampoo, baby powder, diapers, baby wipes, baby seat and safety products, baby food, baby apparel, and baby toys. Fortune Business Insights™ shares this information in its report titled “Baby Care Products Market, 2022-2029.”

Fortune Business Insights™ lists out all the baby care products market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Johnson & Johnson (U.S.)
• Kimberly-Clark Corporation (U.S.)
• The Himalaya Drug Company (India)
• Procter & Gamble Company (P&G) (U.S.)
• Honasa Consumer Private Limited (Mamaearth) (India)
• Beiersdorf AG (Germany)
• Sebapharma GmbH & Co. KG (Germany)
• Nestlé S.A. (Switzerland)
• Unilever plc (U.K.)
• Essity AB (Sweden)

Report Coverage

The report provides a detailed analysis of the top segments and latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Drivers and Restraints

Innovation in Baby Food Products to Drive Product Expansion

Innovations in baby care products, which include different blends of fats and proteins is anticipated to drive the baby care products market growth. Increase in demand for high quality infant food products that provide the required nutrition for babies is driving the market growth. In March 2021, Danone, a French company, launched formula milk which will be sold in pre-measured tab format in the U.K. The new formula milk tabs dissolve easily, making it simple and convenient for mothers to feed babies.

However, use of chemicals in baby products makes them unsafe to use on infants. Using such harmful products can lead to various health problems, which is projected to obstruct market growth.

Segments

Cosmetics & Toiletries to Lead Due to a Wide Range of Products

On the basis of product type, the market is divided into cosmetics & toiletries, baby food, baby safety & convenience, and others. Cosmetics & toiletries segment is anticipated to dominate as they are used frequently on baby’s skin. It includes various products such as shampoos, conditioners, soaps, and wipes. They offer various benefits such as rapid hydration and rejuvenated skin. These products are simple to use and offer an efficient way to deal with problems such as dryness, infections, and diaper rashes.

Infants Segment to Lead Due to Growing Demand for Premium Infant Products

Based on end-user, the market is segmented into toddlers and infants. Infants segment is the fastest growing segment as infants can get easily affected and exposed to bacteria. The growing demand for sustainable and premium infant products accelerated the market growth in 2021.

Offline Channel to Lead the Segment Due to Increasing Number of Supermarkets

Based on sales channel, the market is divided into online and offline. Offline segment is expected to have a major part due to rise in supermarkets, hypermarkets, and specialty stores in numerous regions in 2021. Online sales channel is also set to have significant growth due to rise in various e-commerce platforms.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights

Asia Pacific to have Dominance in Market Share Due to Increasing Rate of Urbanization

Asia Pacific is expected to govern the baby care products market share as it reached the valuation of USD 67.32 billion in 2021. The region has two of the most populated countries in the world, India and China. Increasing rate of urbanization and rise in spending by the consumers have contributed to the development of the market in 2021.

North America is the second-fastest growing region in the market due to high adoption of baby care kits, including strollers, car seats, baby monitors, and safety gates. Parents in the U.S. focus on products that offer nutritional needs for their babies.

The Europe market is set to have significant growth due to a number of well-informed parents in countries such as Germany, Italy, the U.K., and France.

Competitive Landscape

Acquisition Strategies by Key Players to Develop Market Path

Key players have been focusing on collaboration and acquisition strategies enabling them to gain a competitive edge. In April 2022, ITC, an India-based brand, announced the acquisition of 10% of Blupin Technologies Pvt. Ltd. Later, the company owns the direct-to-consumer mother and baby platform Mylo. Through this acquisition, ITC desires to expand its presence in the baby care D2C market. Focus on growth strategies will help the consumers to gain and expand their consumer base.

Key Industry Development

• July 2022: Johnson & Johnson launched a new skin and hair care brand for babies called "Vivvi & Bloom". The brand is launching shampoo, body lotion, and body massage oil for babies and toddlers. The brand launched the products to meet the increasing need of millennial parents for their little ones.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/baby-care-products-market-104267

The global feminine hygiene products market size was valued at USD 39.66 billion in 2022 and is expected to be worth USD 41.29 billion in 2023. The market is projected to reach USD 62.66 billion by 2030, recording a CAGR of 6.1% during the forecast period.

The sales of feminine hygiene products have grown tremendously in recent years as more women are gaining awareness on the importance of maintaining proper menstrual hygiene. Women residing in rural areas neither have access to proper menstrual hygiene products nor receive adequate education on the importance of the same. Such lack of awareness can have some serious consequences such as temporary infection in the genital areas and infertility. Such factors are expected to positively affect the feminine hygiene products market growth.

Fortune Business Insights™ displays this information in a report titled, "Feminine Hygiene Products Market, 2023-2030."

List of Key Players Profiled in the Feminine Hygiene Products Market Report:

• Procter & Gamble Company (U.S.)
• Unicharm Corporation (Japan)
• Essity AB (Sweden)
• Kimberly-Clark Corporation (U.S.)
• Ontex Group NV (Belgium)
• Edgewell Personal Care (U.S.)
• Maxim Hygiene (U.S.)
• Hengan International Group (China)
• TZMO SA (Poland)
• Unilever Plc. (U.K.)

Report Coverage:

The research report offers an in-depth analysis of the industry and highlights prominent areas, such as distribution channels, competitive landscape, and key product types. The report also offers insights into the latest market trends and highlights key developments in the industry.

Drivers and Restraints:

Growing Menstrual Literacy Rate to Boost Market Growth

Feminine hygiene products play a vital role in helping women manage their period flow effectively. Nowadays, more women in the rural areas are receiving education on the importance of using products, such as menstrual cups, tampons, and sanitary pads, thereby boosting the menstrual literacy rate. Since there has been a commendable rise in the number of working women, the demand for these products has grown, thereby boosting the market growth.

However, low access of menstrual hygiene products in underdeveloped areas may hinder the market development.

COVID-19 Impact:

High Product Prices and Lack of Accessibility Slumped Market Growth During COVID-19 Pandemic

The COVID-19 pandemic had a massive impact on the income level of individuals, which ultimately affected their purchasing power. Since period products are highly priced, the demand for them decreased during this time. This factor negatively affected the feminine hygiene market during the outbreak period.

Segments:

Menstrual Care Products are Highly Used by Women to Effectively Manage Menstrual Cycle

Based on product type, the market is segmented into menstrual care products and cleaning & deodorizing products. The menstrual care products segment accounted for the largest feminine hygiene products market share as women use these products every month during their menstrual cycle.

Heavy Discounts and Bulk Purchases to Boost Customer Footfall at Hypermarkets/Supermarkets

In terms of distribution channel, the market is segmented into hypermarket/supermarket, convenience stores, drug stores, and others. The hypermarkets/supermarket segment holds a dominant position in the market as women buy their hygiene products in bulk at these stores since these shops offer heavy discounts on such products.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights:

Asia Pacific Market to Grow Considerably with Better Awareness About Menstrual Hygiene

Asia Pacific is expected to dominate the global market as the region is witnessing a notable rise in hygiene awareness in countries such as India and China.

North America and Europe markets have shown tremendous growth due to factors such as higher income level of women, better sanitation practice, and greater awareness about menstrual hygiene.

Competitive Landscape:

Key Market Players to Develop Innovative Products to Cement their Market Positions

Companies, such as Unilever, Procter & Gamble, Kimberley Clark, and many local and startup companies, are leading the market growth as these players are developing easy-to-use and safer feminine hygiene products. These products are being made with softer materials to minimize the risk of rashes and allergies, which will help them consolidate their market positions.

Key Industry Development:

• June 2021: Callaly, a British manufacturer of menstrual management products, partnered with Sustainable Materials Innovation Hub (SMI Hub) to produce sustainable materials for menstrual hygiene products.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/feminine-hygiene-products-market-103530

The global carpets and rugs market size was valued at USD 50.29 billion in 2022 and is projected to grow from USD 55.28 billion in 2023 to USD 106.01 billion by 2030, exhibiting a CAGR of 10.03% during the forecast period.

Carpets and rugs are used in residential and commercial sectors to offer an extra layer of padding to shield the floor. The demand for carpets and rugs is growing globally to the cold during winter. The demand for carpets and rugs is rising significantly globally due to their practical qualities and aesthetics.

This information is provided by Fortune Business Insights™ in its research report titled “Carpets and Rugs Market, 2023-2030.”

List of Key Players Profiled in the Carpets and Rugs Market Report:

• Tai Ping Carpets International Ltd. (China)
• Mohawk Industries Inc. (U.S.)
• Lowe's Companies Inc. (U.S.)
• Tarkett Group (France)
• Victoria Carpets Ltd. (U.S.)
• Shaw Industries Group Inc. (U.S.)
• Inter Ikea Systems B.V. (Netherlands)
• Genie Carpet Manufacturers (India)
• Beaulieu International Group (Belgium)
• Royalty Carpet Mills Inc. (U.S.)
• Oriental Weavers Company (Egypt)

Segments:

Tufted is Anticipated to Hold the Largest Share and Fuel the Market Growth

On the basis of product, the market is segmented into Knotted Pile, Woven, Tufted, Needle Punched, and others. Tufted held a subsequent carpets and rugs market share owing to the easy availability of various designs, durability, fast product production time, and cost-effectiveness. Consumers’ preferences are dynamically changing in the market, and they prefer affordable and washable carpets.

Synthetic-made Yarn Segment to Dominate the Market Share

Based on material, the rugs and carpets market is divided into plant-made yarn, animal-made yarn, and synthetic fibers. The synthetic-made yarn holds a major share of the market due to the high preference among consumers as they are durable and cost-efficient, and stain restraint. The synthetic fibers include polyester, nylon, and olefin.

Growing Number of New Residential Homes to Foster Market Growth

According to the application, the carpets and rug market is fragmented into commercial and residential based on application. The residential segment held the largest market share due to the growing trend of carpeting in the household to enhance the interior and décor with unique colors and patterns.

Report Coverage:

The report gives an insight into the major trends impelling industry expansion over the forthcoming years. It further provides an in-depth analysis of the key factors propelling the business landscape across various regions. Additional insights comprise the key steps taken by major industry participants to strengthen their market presence.

Competitive Landscape:

Major Players such as Tarkett Group, Tai Ping Carpets International Ltd, and Shaw Industries Group Inc. have focused on partnerships & expansions for a strong foothold in the market. Players focus on marketing and promotion and marketing strategies to create strong brand awareness. Obeetee Carpets, a new collection, has been launched by an India-based handwoven carpets manufacturer, the Ajmer Collection. The new collection of carpets is created entirely with motifs and patterns derived from the architecture of Ajmer Fort.

Drivers:

Increasing Number of Technologically Advanced Products to Foster Market Expansion

The availability of technologically advanced products has subsequently grown due to trends like customizations in both residential and commercial sectors, convenience, and unique theme designs. Manufacturers focus on launching new innovative products, rising product demand, and fostering market growth. The rapid fluctuations in the prices of raw materials such as crude oil, the main ingredient for producing polyester staple fiber and nylon and other fibers, increase the prices of raw materials required for manufacturing carpets and rugs. This factor is said to restrain the market growth.

Regional Insights:

North America is Anticipated to Dominate the Market Share Owing to Rising Demand for Home Decoration

North America dominated the market and was valued the highest in 2022. The fast expansion of housing and construction activities, especially in the U.S., is bolstering market growth. Moreover, the increasing demand for home decoration trends and the rising demand for new homes is increasing product demand in the given projected period. Nowadays, the key manufacturer of carpets and rugs are launching new products to cater to the increasing demand from consumers for innovative and bearable products.

Europe is anticipated to grow significantly owing to increased demand for eco-friendly & sustainable carpets and a growing focus on contemporary surface rugs. Germany is one of the major contributors to this region’s growth due to the increase in residential real estate and infrastructure improvements, such as commercial offices and production sites.

Key Industry Developments:

• September 2021: Jaipur Rugs, a handmade carpets manufacturer, opened its new flagship store in Milan. The new store is built on over 160 sq. mt, home to a wide range of contemporary, modern, transitional, and traditional hand-knotted rugs.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/carpets-rugs-market-104509

The global hand sanitizer market size was valued at USD 2.85 billion in 2022 and is expected to be worth USD 3.01 billion in 2023. The market is projected to reach USD 3.80 billion by 2030, recording a CAGR of 3.8% during the forecast period.

Hand sanitizers refer to anti-infection skincare products that protect the hands from disease-causing bacteria and viruses. As more people are becoming aware of the benefits of maintaining a good personal hygiene routine, the demand for hand sanitizers is projected to grow across the world. This will positively impact the hand sanitizer market growth.

Fortune Business Insights™ displays this information in a report titled, "Hand Sanitizer Market, 2023-2030."

List of Key Players Profiled in the Hand Sanitizer Market Report: 

• Reckitt Benckiser Group Plc (U.K.)
• Gojo Industry Inc. (U.S.)
• Henkel AG & Company (Germany)
• Himalaya Global Holdings Ltd. (India)
• Unilever Plc. (U.K.)
• Bacardi Limited (Bermuda)
• CVS Health (U.S.)
• Best Sanitizer Inc. (U.S.)
• Proctor & Gamble (U.S.)
• SC Johnson & Son, Inc. (U.S.)

Report Coverage:

The report analyzes the market in detail and highlights crucial areas such as prominent companies, product types, forms, leading end-users, and distribution channels. The report also delivers insights into the latest market trends and covers top industry developments. Besides the factors mentioned above, the report informs readers on the industry’s competitive landscape and the factors that have contributed to the market’s growth in recent years.

Drivers and Restraints:

Rising Government Support to Promote Hygiene Products will Augment Market Progress

Governments across the world are launching various initiatives and programs to promote the significance of personal hygiene and cleanliness, thereby generating robust demand for personal care items. Moreover, doctors and healthcare professionals are increasingly recommending various tips to maintain a good hygiene routine, which will further propel the market growth.

However, rising availability of alternative products may hinder the market’s development.

COVID-19 Impact:

Growing Significance of Hygiene Solutions Boosted Product Demand During COVID-19 Pandemic

Hand sanitizers are widely known to protect people from a wide range of disease-causing bacteria and viruses. COVID-19 was a fast-spreading infection that affected millions of people across the globe. This factor helped these products gain tremendous traction among customers as they were effective in mitigating the human-to-human transmission of this virus. These advantages drove the hand sanitizer market share during the pandemic period.

Segments:

Gel Segment to Dominate due to based Wide Demand for Gel-based Sanitizing Solutions

Based on product form, the market is segmented into foam, gel, and liquid. The gel segment is expected to hold a considerable market share as gel-based sanitizers are more effective for germ protection than its counterparts.

Alcohol-based Sanitizers to Gain Traction due to their Robust Disease-Fighting Capabilities

Based on type, the market is segmented into alcohol-based and alcohol-free. The alcohol-based segment is predicted to dominate the market as these products are more effective in fighting off disease-causing bacteria and germs and can prevent infections.

Customers to Prefer Supermarkets/Hypermarkets for their Wider Product Choice and Heavy Discounts

Based on distribution channel, the market is segmented into pharmacy stores, supermarkets/hypermarkets, online retail channels, and others such as department stores, drug stores, and grocery stores. The hypermarket & supermarket segment holds a dominant position in the global market as these stores house a wider range of hand sanitizing solutions from different brands and offer heavy discounts on bulk purchases.

Hand Sanitizing Products to Gain Popularity Across Hospitals Due to Rising Patient Admissions

Based on end-user, the market is segmented into schools, restaurants, hospitals, household purpose, and others such as shopping plazas, the military, the corporate sector, and hotels.

The hospital segment dominates the market as the average patient footfall across hospitals is rising every year, which may boost the demand for hand sanitizing solutions.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights:

North America to Lead Market Growth with Growing Presence of Reputed Product Manufacturers

North America is set to dominate the global market as the region has a vast presence of leading product manufacturers such as Nice Pak, Gojo Industries Inc., Vi Jon Inc., Edgewell Personal Care, and many others.

Europe is also anticipated to hold a sizeable market share due to the governments’ support to create a strong medical infrastructure.

Competitive Landscape:

Effective Distribution Channels and Product Innovations by Leading Companies to Accelerate Market Growth

Some of the key companies operating in the market are focusing on innovating their disinfectant solutions to attract more customers. They are also trying to create and expand a strong product distribution network to seal their market positions and increase their global presence.

Key Industry Development:

• November 2022: Reckitt Benckiser Group Plc. partnered with Essity AB to introduce a wide range of personal care products, such as antimicrobial foam soaps, multipurpose cleanser sprays, and hand sanitizing gels in Ireland, the U.K., Austria, and Germany.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/hand-sanitizer-market-102710

The global feminine hygiene products market size was valued at USD 39.66 billion in 2022 and is expected to be worth USD 41.29 billion in 2023. The market is projected to reach USD 62.66 billion by 2030, recording a CAGR of 6.1% during the forecast period.

The sales of feminine hygiene products have grown tremendously in recent years as more women are gaining awareness on the importance of maintaining proper menstrual hygiene. Women residing in rural areas neither have access to proper menstrual hygiene products nor receive adequate education on the importance of the same. Such lack of awareness can have some serious consequences such as temporary infection in the genital areas and infertility. Such factors are expected to positively affect the feminine hygiene products market growth.

Fortune Business Insights™ displays this information in a report titled, "Feminine Hygiene Products Market, 2023-2030."

List of Key Players Profiled in the Feminine Hygiene Products Market Report:

• Procter & Gamble Company (U.S.)
• Unicharm Corporation (Japan)
• Essity AB (Sweden)
• Kimberly-Clark Corporation (U.S.)
• Ontex Group NV (Belgium)
• Edgewell Personal Care (U.S.)
• Maxim Hygiene (U.S.)
• Hengan International Group (China)
• TZMO SA (Poland)
• Unilever Plc. (U.K.)

Report Coverage:

The research report offers an in-depth analysis of the industry and highlights prominent areas, such as distribution channels, competitive landscape, and key product types. The report also offers insights into the latest market trends and highlights key developments in the industry.

Drivers and Restraints:

Growing Menstrual Literacy Rate to Boost Market Growth

Feminine hygiene products play a vital role in helping women manage their period flow effectively. Nowadays, more women in the rural areas are receiving education on the importance of using products, such as menstrual cups, tampons, and sanitary pads, thereby boosting the menstrual literacy rate. Since there has been a commendable rise in the number of working women, the demand for these products has grown, thereby boosting the market growth.

However, low access of menstrual hygiene products in underdeveloped areas may hinder the market development.

COVID-19 Impact:

High Product Prices and Lack of Accessibility Slumped Market Growth During COVID-19 Pandemic

The COVID-19 pandemic had a massive impact on the income level of individuals, which ultimately affected their purchasing power. Since period products are highly priced, the demand for them decreased during this time. This factor negatively affected the feminine hygiene market during the outbreak period.

Segments:

Menstrual Care Products are Highly Used by Women to Effectively Manage Menstrual Cycle

Based on product type, the market is segmented into menstrual care products and cleaning & deodorizing products. The menstrual care products segment accounted for the largest feminine hygiene products market share as women use these products every month during their menstrual cycle.

Heavy Discounts and Bulk Purchases to Boost Customer Footfall at Hypermarkets/Supermarkets

In terms of distribution channel, the market is segmented into hypermarket/supermarket, convenience stores, drug stores, and others. The hypermarkets/supermarket segment holds a dominant position in the market as women buy their hygiene products in bulk at these stores since these shops offer heavy discounts on such products.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Regional Insights:

Asia Pacific Market to Grow Considerably with Better Awareness About Menstrual Hygiene

Asia Pacific is expected to dominate the global market as the region is witnessing a notable rise in hygiene awareness in countries such as India and China.

North America and Europe markets have shown tremendous growth due to factors such as higher income level of women, better sanitation practice, and greater awareness about menstrual hygiene.

Competitive Landscape:

Key Market Players to Develop Innovative Products to Cement their Market Positions

Companies, such as Unilever, Procter & Gamble, Kimberley Clark, and many local and startup companies, are leading the market growth as these players are developing easy-to-use and safer feminine hygiene products. These products are being made with softer materials to minimize the risk of rashes and allergies, which will help them consolidate their market positions.

Key Industry Development:

• June 2021: Callaly, a British manufacturer of menstrual management products, partnered with Sustainable Materials Innovation Hub (SMI Hub) to produce sustainable materials for menstrual hygiene products.

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/feminine-hygiene-products-market-103530