North America Diaper Bags Market Size & Outlook, 2021-2030
North America diaper bags market, 2018-2030 (US$M)
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North America diaper bags market highlights
- The North America diaper bags market generated a revenue of USD 201.9 million in 2021.
- The market is expected to grow at a CAGR of 3.2% from 2022 to 2030.
- In terms of segment, backpack was the largest revenue generating product in 2021.
- Tote is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 201.9 million |
| Market revenue in 2030 | USD 267.5 million |
| Growth rate | 3.2% (CAGR from 2021 to 2030) |
| Largest segment | Backpack |
| Fastest growing segment | Tote |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Backpack, Tote, Messenger, Fanny Pack/ Belt Bags |
| Key market players worldwide | Carter's Inc, The Walt Disney Co, Graco Inc, Sanrio Co Ltd, JJ COLE Collections, Trend Lab, LLC, Oioi, Arctic Zone, Petunia Pickle Bottom, Ju-Ju-Be International, Storksak |
Other key industry trends
- In terms of revenue, North America region accounted for 28.9% of the global diaper bags market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 342.8 million by 2030.
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Diaper Bags Market Scope
Diaper Bags Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America diaper bags market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to diaper bags market will help companies and investors design strategic landscapes.
Backpack was the largest segment with a revenue share of 40.56% in 2021. Horizon Databook has segmented the North America diaper bags market based on backpack, tote, messenger, fanny pack/ belt bags covering the revenue growth of each sub-segment from 2018 to 2030.
The convenience offered by diaper bags as they are easy to carry around and store baby utility products and the increasing spending by parents on their infants are two factors expected to drive this market’s growth in the upcoming years. According to the U.S. Census, there are roughly 7 million households with children under the age of five in the U.S.
On average, American families spend about USD 6,000 out-of-pocket annually, or about USD 500 a month, on child care and early education for their young children. Rising parents’ spending on their infants is likely to remain prevalent in the coming years, thus, creating an optimistic outlook for the diaper bags market in the future.
As per a blog published by CNBC in January 2020, American parents with children under the age of five are forking over a total of USD 42 billion for early child care and education. The aforementioned amount is far more than the amount the federal government of the U.S. is currently spending, according to a recent report by the progressive think tank, Economic Policy Institute.
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Our clientele includes a mix of diaper bags market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America diaper bags market , including forecasts for subscribers. This continent databook contains high-level insights into North America diaper bags market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America diaper bags market size, by country, 2018-2030 (US$M)
North America Diaper Bags Market Outlook Share, 2021 & 2030 (US$M)
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