Report Overview
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The global Diaries & Planners Market size was USD 1020 million in 2021. As per our research, the market is expected to reach USD 1305.7 million by 2028, exhibiting a CAGR of 4.1% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with Diaries & Planners Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Diaries & Planners is an electronic gadget designed to measure a person's daily water intake. Diaries and planners are offered in the market through both online and offline distribution channels, and they can be chosen depending on preferences for color, size, and shape. The Diaries & Planners market is divided into product, type, and distribution channel segments; the growth within these segments will assist you in analyzing the industries' meager growth segments and provide users with a useful market overview and market insights to support their strategic decision-making for identifying key market applications.
The rise in the number of fitness centers, yoga and meditation studios, and gyms is increasing the market's potential for growth. Global consumer awareness of the need of maintaining physical fitness and strength is directly affecting market growth. Additionally, the expansion of the consumer goods industry is having a direct impact on the rate of market growth and raising the diaries and planners market share.
COVID-19 Impact: Closing of Factories and Large Scale Businesses to Affect the Diaries & Planners Market Growth
COVID-19 had a negligible effect on the market for diaries and planners. Due to the lockdown and restrictions, factories and other industrial facilities had to close, which was what caused this. The market is having difficulties as a result of disruptions in the supply and transportation networks. The usage of internet and e-commerce platforms, however, increased as a result of various relaxations, which led to an increase in e-commerce sales. The future of the market is also more optimistic as a result of the increase in internet and e-commerce platform usage.
Latest Trends
"Technological Advancements to Improve the Diaries & Planners Market Expansion"
Market value is rising as a result of expanding manufacturing technology-related technical advancement. Due to an increase in technological advancements created with the goal of lowering production costs and waste, as well as the rising popularity of online washing services, the business has a bright future. In addition, a rise in the strong demand across a number of end-use industries, such as residential and commercial, will favorably impact the growth rate of the diary and planner market. Additionally, a surge in demand for cutting-edge technologies would restrict the market's expansion. The rise in industrialization and the high acceptance rate of the pharmaceutical sector will both increase the demand for planners and diaries.
Segmentation
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- By Type Analysis
According to type, the market can be segmented into Diaries and Planners amongst which Diaries hold the largest market share.
- By Application Analysis
Based on application, the market can be divided into Premium and Mass amongst which Premium hold the largest market share.
Driving Factors
"Rising Health Consciousness to Drive the Market Growth"
Due to the global increase in health concern, the market for diaries and planners is rapidly growing. Government initiatives like India's "Swachh Bharat Abhiyan," which attempts to reduce plastic waste output and promote the use of reusable materials, are gaining popularity. Advancements in the chemical and material sciences led to the creation of the "Tritan," which is used to produce the bottles.
"Advancements in Technology to Augment the Diaries & Planners Market Growth"
As a result of scientific advancements in the fields of Internet of Things (IoT) and machine learning, mobile apps that inform users about their daily hydration levels and essential water consumption have been created. In order to monitor their fluid intake throughout the day, athletes and gymnasts rely on these applications. A greater standard of life and rising disposable income are anticipated to drive industrial expansion over the forecasted time period. The market for interactive diaries and planners is expanding because fitness enthusiasts are purchasing products that make their workouts better more frequently.
Restraining Factors
"Fluctuations in Prices to Restrain the Diaries & Planners Market Growth"
The unpredictability and price swings of equipment and raw materials pose a significant threat to the market's growth. Additionally, the uneven supply of raw resources in one particular location is hurting the market's expansion. The expense of planners and diaries is another factor that would hinder the market's growth. The requirement for significant capital expenditures to obtain the essential machinery and conduct operations is one of the main challenges the sector is experiencing. High machine running and maintenance costs will also be a constraint on the expansion potential. In addition, there are challenges brought on by expensive manufacture. High research and development costs will also further impede the market's growth rate.
Regional Insights
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"North American Region to Influence the Diaries & Planners Market Share"
North America, the largest region in the market, has shown significant growth and is expected to continue to do so over the projected period. Due to the large number of industry participants in the United States, as well as ongoing research and development in the Internet of Things and Artificial Intelligence department, the market for diaries and planners is expected to grow at a faster rate.
The Asia Pacific regional market is anticipated to grow quickly in the future years. The increase in demand in emerging markets is due, among other things, to initiatives like Make in India and Digital India. The growing understanding of how crucial it is to manage the body's levels of water is also projected to fuel the diary and planner market.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- Nippecraf (Collins Debden) (Singapore)
- KIKKI.K (Australia)
- FLB Group (U.K.)
- Quo Vadis (France)
- Hamelin (Lecas) (France)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1020 Million in 2021 |
Market Size Value By |
US$ 1305.7 Million by 2028 |
Growth Rate |
CAGR of 4.1% from 2021 to 2028 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the diaries and planners market expected to touch by 2028?
The global diaries and planners market size is expected to reach USD 1305.7 million by 2028.
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What CAGR is the diaries and planners market expected to exhibit by 2028?
The diaries and planners market is expected to exhibit a CAGR of 4.1% by 2028.
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Which are the driving factors of the diaries and planners market?
The driving factors of the diaries and planners market are Rising Health Consciousness to Drive the Market Growth and Advancements to augment the diaries and planners market.
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Which are the key players or most dominating companies functioning in the diaries and planners market?
The dominating companies in the diaries and planners market are Nippecraf (Collins Debden) (Singapore), KIKKI.K (Australia), FLB Group (U.K.), Quo Vadis (France), and Hamelin (Lecas) (France).