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Global Diaper Bags Market Potential with Policy Support: - QYResearch Report

Author: QYResearch  |   Published Date: 2021-04-20   |   Views: 34



When you're out and about with your baby, you don't want to be thinking about what you might have left at home. Instead, you want to be prepared with everything right on hand you might need for your little one, such as extra diapers, wipes, and pacifiers, diaper bag or nappy bag is a storage bag with many pocket-like spaces that is big enough to carry everything needed by someone taking care of a baby while taking a typical short outing.

 

Concerned with the consequences of demographic decline and population aging, especially with respect to economic growth, national defense, and pensions and health care for the elderly, a growing number of governments are seeking to raise birth rates. Whereas nearly 40 years ago 13 countries had policies to raise fertility, today the number has increased four-fold to 56, representing more than one-third of the world’s population.

The most recent and largest addition to this pronatalist group of countries, which includes Australia, France, Germany, Iran, Israel, Italy, Japan, Russia, South Korea, Spain, and Turkey, is China. The Chinese government announced that it will change its controversial one-child policy to a two-child policy per couple in order to balance population development and address the challenge of an aging population.

Assuming a slight increase in its current fertility level, China’s population of 1.38 billion is projected—according to the UN medium variant—to peak by 2030 at 1.42 billion and then decline to 1 billion by the end of the century. However, if fertility were to remain constant at its current level, China’s population would soon begin declining, reaching around 0.8 billion by the year 2100. If fertility were to instantly reach the replacement level, an unlikely event, China’s population would grow to 1.5 billion by midcentury.

China’s population age structure is also becoming older than any time in the past. Whereas in 1950 less than five percent of the Chinese were aged 65 years or older, today the proportion has doubled to 10 percent. By 2035 China’s proportion elderly is expected to double again and reach one-third by around midcentury.

 

Similar to China, 82 other countries—accounting for almost half of the world’s population—are experiencing fertility rates below the replacement level of about two births per woman. As a result, the populations of 48 of those countries, including Germany, Japan, Russia, and South Korea, are projected to be smaller and older by midcentury, even assuming modest gains in birth rates. If fertility rates were to remain constant at their current levels, the declines and aging would be even more pronounced than currently expected.

In an attempt to counter those two major demographic trends, many governments have adopted a variety of policies to raise birth rates. At one extreme are draconian measures such as prohibiting contraception, sterilization, abortion, and the education and employment of women. As those measures violate basic human rights, few governments are prepared to take such drastic steps to raise fertility. Moreover, such measures have undesirable demographic consequences, including higher levels of unintended pregnancy, illegal abortion, and maternal mortality.

Some governments are promoting marriage, childbearing, and parenting through public relations campaigns, incentives, and preferences. Such programs highlight the vital role of motherhood and its valuable contribution to the welfare and growth of the country. Australia and South Korea, for example, are among those making appeals to women to have one more child. Also, Iran is considering legislation that would encourage businesses to prioritize the hiring of men with children.

 

Policy  encouragement will raise the birth rate in some extent, which will also bring opportunities to the many industries associated with newborns, including the diaper bags industry.

The global diaper bags market is valued at US$ 496.9 million in 2020. The market size will reach US$ 784.0 million by the end of 2027, growing at a CAGR of 6.5% during 2021-2027.

 

Read More Information: https://www.qyresearch.com/index/detail/3049713/global-diaper-bags-market

 

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