About Toy Balloon
Latex Balloons are known as air-tight bags which is been made out of latex, which is a light material that can be inflated with air or other gases. The ordinary air, or other gas like helium, can be forced into them for the purpose of expansion. Latex balloons are basically available in all kinds of sizes, shapes, and colors to delight the children and adults at birthday parties and also at festive occasions or can also be used as a tool of advertisement. The market of the Latex Balloons is increasing due to the rising disposable income for celebrating various festivals and parties, while there are some factors which are hindering the market, like other substitutes available for decoration purpose. While due to the continuous blowing can also cause major choking risk which is the restraint for the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Toy Balloon 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.
Tailloon Balloons Co. (Taiwan), BELBAL (Belgium), Rubek Balloons (India), Qualatex (United States), BK Latex (Thailand), York Impex (Thailand), Signature Balloons (United Kingdom), Balonevi (Turkey) and Maple City Rubber (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Toy Balloon market by Type (Printed and Non-Printed), Application (Party & Celebration, Advertisement and Others) and Region.
On the basis of geography, the market of Toy Balloon has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Material , the sub-segment i.e. Rubber will boost the Toy Balloon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Shape, the sub-segment i.e. Round Balloons will boost the Toy Balloon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Toy Balloon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Eco-friendly Balloons
Market Growth Drivers:
Increasing Parties and Various Festivals and Ease of Availability in the Market
Challenges:
Made Up Of Non-Biodegradable Material Which Causes Adverse Environmental Impacts
Restraints:
Availability of Substitutes
Opportunities:
Growing Demand from End-User Industry and Rising E-Commerce Industry Worldwide
Market Leaders and their expansionary development strategies
December 2023, Jazwares a leading global toy company, acquires Australian Toy Distributor Big Balloon. it further expanded its global presence with the acquisition of Big Balloon, Australia's most innovative full-service toy distributor.
on 14th September 2020, Macy’s And The City Of New York Announce Plan For Macy’s Thanksgiving Day Parade Celebration. This year the celebration will shift to a television-only special presentation, showcasing the Macy’s Parade’s signature mix of giant character helium balloons, fantastic floats, street performers, clowns, and heralding the arrival of the holiday season with the one-and-only Santa Claus.
In India, Custom Import duty of Other is 20% under HS Code 40169590. IGST for the product Latex Balloons are is 5% and the total duty for the above product is 26% with Import Policy. and California 653.1. (a) No person shall sell or distribute any balloon which is constructed of electrically conductive material, and filled with a gas lighter than air without (1) Affixing an object of sufficient weight to the balloon or its appurtenance to counter the lift capability of the balloon.(2) Affixing a statement on the balloon, or ensuring that a statement is so affixed, that warns the consumer about the risk if the balloon comes in contact with electrical power lines.
Key Target Audience
Toy Balloon Industry Investors, Toy Balloon Providers/Vendors, Research Professionals, Toy Balloon Raw Material Suppliers/Distributors, Research Institutes, Potential Investors 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.