Global Inactivated Poliovirus Vaccine

Global Inactivated Poliovirus Vaccine

Baby play mats have been gaining popularity in households and playschools for safely engaging kids on the floor. These comfortable play mats help in providing a clean and hygienic playing area for the kids to play. They can also aid in promoting hand-eye coordination, muscle development, cognitive skills, and motor skills in kids by the way they try to aim, reach, and grab the dangling toys. They are easy to clean and easy to carry, making them more desirable in the market. The baby play mat market is growing at a tremendous rate owing to the growing company collaborations. For instance, in February 2023, Toronto’s Little Bot Baby launched a special edition playmat collection in partnership with the World of Eric Carle. Other factors such as the increased number of working parents, the rising popularity of playschools, the rise in baby health concerns, and growing awareness about the importance of physical movements in kids are driving factors for the market.

The Baby Play Mats Market is expected to grow at a strong CAGR of 6.6% during the forecast period owing to the rising demand for playschools. For instance, according to the National Center for Education Statistics (NCES), in October 2021, about 63% of kids were enrolled in preschool overall in the U.S. Several other factors such as an increased number of product launches, increased usage of baby play mats in households, awareness programs regarding necessary physical movements in kids, and company expansions are also leading to the surge in the market. For instance, in January 2023, the licensing and brand management firm that controls the Toys R Us brand brought back another member of the R Us family. It opened a Babies R Us flagship store at American Dream Mall in East Rutherford, New Jersey this year.

• Based on product type, the market is segmented into puzzle baby play mats, tummy baby play mats, cushioned baby play mats, and others. The cushioned baby play mats segment held the highest share in the market in the year 2022 owing to the comfort it provides to the kids. Additionally, they reduce the fear of injuries and act as shock absorbers. Manufacturers are striving to improve the user experience of their products to make them more accessible. Hence, the cushioned baby play mats segment held a significant share of the market in the year 2022.
• Based on application, the market is bifurcated into personal and commercial. The commercial segment is expected to grow with the highest CAGR during the forecast period owing to a surge in growth due to the growing awareness about methods to stimulate motor and cognitive skills in kids, as well as an increase in consumer spending. Additionally, the increasing popularity of playschools and innovative product launches has further increased the demand for such products. For instance, in October 2023, CNTdream launched the Lieto Premium Bamboo Waterproof Mat made with an eco-friendly material under “Lieto,” the company’s baby product brand. Thus, the commercial segment is expected to gain prominence in the market in the forecast period.
• Based on the distribution channel, the market is segmented into offline and online stores. The offline store category held the highest share of the market in 2022. This can be attributed to the increasing popularity of baby play mats, as well as the easy availability of baby play mats in the supermarket. In recent years, there has been a steady rise in the number of baby toy outlets in various countries, including Brazil, India, and China. For instance, in April 2022, India-based Popees, a leading baby care brand opened its first overseas showroom in London. Furthermore, the increasing trend of shopping through catalogs in developed economies provides consumers with a more enjoyable shopping experience, which is likely to further increase the significance of offline stores. The market for the offline store segment is highly competitive and is projected to remain so in the foreseeable future. Thus, the offline store segment held dominance in the market in the year 2022.
• For a better understanding of the market adoption of the baby play mats industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is expected to grow with the highest CAGR during the forecast period. The growing number of baby toy manufacturing companies in Asia-Pacific contributes to the growth of the market in this region. Also, more people are willing to engage their kids in playschools and company collaborations which is leading to an increase in investment in baby care products. For instance, in May 2023, AllThingsBaby, a premium platform for mother and baby products, announced its first-ever Shop-in-Shop partnership with Mothercare India at the Palladium Mall in Mumbai. Hence, given the large population size of APAC, it is expected to grow with a high CAGR during the forecast period.
• Some major players operating in the market include New Natraj Industries; Carter’s; Inc.; Kids2 Inc.; Tru Kids Inc.; FirstCry; Mambobaby Shop; Parklon; Disney; Dwinguler; TinyLove.