A toy, often having the shape of a creature, that’s stuffed with delicate fabric and covered with plush, and also known as a soft toy or cuddly toy. Textile commonly used for the external texture includes plain cloth, as well as pile materials like plush. Common stuffing materials include synthetic fiber, cotton, straw, wood fleece, plastic pellets, and beans. Increasing the global child rate and demand for the stuffed & plush toys will continue to increase in the global market. The plush toy market can be classified into cartoon characters, animals, dolls, and others.
COVID-19 Scenario Analysis:
The toy and handicraft industry is anticipated to witness checkered growth throughout the year, as a result of the phenomenal supply chain disruptions caused by the COVID-19 outbreak around the world. The anticipated to decline global sales of plush toys and accessories due to worldwide lockdown. Its massive effect on production and sales of the toy industry across the globe.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Increasing the population of children, demand for the toy and creatures will significantly grow in the market. The growing child-care centers and kids garden across the globe has a key trend in the toy market. Children’s presence in cartoon network and kid’s network to contribute toward the growth of the global plush toys market. The plush toy market is a highly competitive and innovative drive in the coming years. The presence of well-established players all over the distinctive distribution channels such as E-commerce and supermarkets and Toy stores.
The global Plush toys market trends are as follows:
New product launches to flourish the market
The plush toy market is highly competitive and innovative in terms of design, fabric, quality, and cost of products. The market is characterized by the presence of international and regional players are increasing their impression in e-commerce and the digital platform also.
The manufacturer focusing on a market and developed its strategies to compete in the flourishing market. The key players adopted the marketing trends and development in making products, tie-up with e-commerce and distributional channels to gain a competitive advantage in the market.
The electric and LED supportive plush toys have gained more popularity in the recent year, the manufacturer is focusing on the market to launch their new product on occasion and season, which the peak time for sales across the globe, such as Christmas, carnival fest and another regional occasion.
Innovation and Standard of living
Demand for electric dolls and themed plush toys have seen a productive rise. Whereas trade wars between the US and China have influenced plush toy producers dependent on production destinations in China, companies have started to extend investment in developing countries, such as Indonesia and Vietnam. The plan is to invest in these countries have gain manufacturing cost advantage in the market.
Key Benefits of the Report:
- This study presents the analytical depiction of the Plush toys market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Plush toys market share.
- The current market is quantitatively analyzed to highlight the global Plush toys market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global Plush toys market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in Plush Toys Market Research Report:
- What are the leading market players active in the Plush toys market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Plush Toy Market Report Highlights
By Product Type
By Distributional channel
Key Market Players
GiantmicrobesInc., LEGO A/S, TyInc., Mattel nc., Spin Master Ltd., Simba Dickie Group, Hasbro Inc., Budsies LLC, Bandai Namco Group