About Sustainable Toys
Sustainable toys are toys that are made up of natural materials, these toys do not cause any harmful effects to human beings it release carbon or green gases. These are toys are biodegradable. Eco-friendly toys are costly than traditional products due to lower demand. Some of the advantages of sustainable toys are boosting imagination, being easy to maintain, durability, and being environmentally friendly.A Sustainable toy is made of biodegradable herbal substances such as renewable wood, cotton, bamboo, or wool. A sustainable toy has been manufactured in a nonpolluting way. A way except releasing carbon, greenhouse gases, or chemical toxins. These can be launched into the waterways and the environment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing giant growth of this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is several ways of growing opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Sustainable Toys market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HABA (United States), Maple Landmark (America), Hasbro, Mattel (California), Mega Bloks (Canada), Bandai Co. Ltd, (Japan), Melissa & Doug, (United States), PlayMonster LLC. (United States), Tegu (Honduras), Keva Planks (America) and KAPLA (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Basic Fun Inc, (United States), Spin master (Canada) and Digital Dream Labs (United States).
Segmentation Overview
AMA Research has segmented the market of Global Sustainable Toys market by Type (Action Figures, Building Sets, Dolls, Games/Puzzles, Sports and Outdoor Toys and Others) and Region.
On the basis of geography, the market of Sustainable Toys has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/Supermarket will boost the Sustainable Toys market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Up to 5 Years will boost the Sustainable Toys market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing the demand for classic toys are increasing
Market Growth Drivers:
Children’s are getting highly attached to mobiles and TV that’s why parents are engaging their children in physical activities. Therefore, demand for toys are increasing
Challenges:
Lack of solid sustainability strategy and Scarcity and cost of sustainable materials
Restraints:
Day by day the STEM Toys are increasing the growth of market
Opportunities:
Growing demand for battery less toys, because which cause threat to small children and Choose right materials of toys which are made up from natural materials
In April 2021, Adrienne Appell announced Toy Association in February. Senior vice president of marketing communications at The Toy Association Adrienne Appell said that, “Toys with real and substantiated environmental benefits are buzzing right now, but it’s a trend that will only continue to grow as today’s kids get older and begin making their own purchasing decisions.”
Key Target Audience
Manufacturers, Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.