DUBLIN--(BUSINESS WIRE)--The "Sustainable Toys Market by Product Type, Age Group, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The Sustainable Toys market size was valued at $18,939.1 million in 2020 and is estimated to reach $59,643.9 million by 2030, registering a CAGR of 12.5% from 2021 to 2030.
Sustainable toys are recyclable and ecofriendly in nature. Cotton, wool, water based inks and paints, wood, soy inks and bamboo are used in the manufacturing of sustainable toys. Sustainable toys have tight quality control procedures, remain transparent about their process and use only quality recycled materials to ensure their toys are safe, even for little ones. Its manufacturing takes extra efforts and lot of creativity. Toxic chemicals, metals, glue and conventional paints are strictly prohibited to be used in the green toys.
Manufactures also must replace plastic with recycled material. Despite of these challenges green or biodegradable or sustainable toys are growing at considerable CAGR growth rate owing growing consciousness regarding environmental impact, climate change and increase in adoption of organic and sustainable products.
The outbreak of the pandemic has positively affected the global sustainable toys market. Various companies in the toys industry witnessed significant growth in lockdown period. People including children were restricted to stay at their homes during pandemic period so parents engaged their kids with sustainable toys.
Key Benefits
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis from 2020 to 2030 is provided to showcase the financial competency of the market.
- Porter's five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
Market Dynamics
Drivers
- Emergence of games in bars and cafes providing impetus to the stagnant market
- Growth in demand from children and young population
- Growth in birth rate
- Developing economies driving the market growth
Restraints
- Tariff duties to restrict market expansion
- Growth in digitalization and widespread penetration of smartphones hampering the sustainable toys industry
Opportunities
- Reduction of carbon footprints and environment-friendly initiatives to provide lucrative opportunities
- Untapped opportunities in developing markets
- Rise of social media marketing
- Rapid growth of the retail sector
Key Market Segments
By Type
- Product Type
- Action Figures
- Building Sets
- Dolls
- Games/Puzzles
- Sports and Outdoor Toys
- others
By Age Group
- Upto 5 Years
- 5 to 10 Years
- Above 10 years
By Distribution Channel
- Hypermarket/Supermarket
- Specialty Stores
- Departmental stores
- Online Channels
- Other
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- ASEAN
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Companies Mentioned
- Eco Kids
- Le Toy Van
- Green Toys
- Legler
- Tegu
- PlanToys
- LEGO
- Hasbro
- GOLIATH GAMES
- CLEMENTONI
For more information about this report visit https://www.researchandmarkets.com/r/2plpw8
