DUBLIN--(BUSINESS WIRE)--The "Global Stuffed and Plushed Toys Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The Stuffed and Plush Toys market is anticipated to grow with a CAGR of 6.2% over the forecast period of 2019-2028. Stuffed and plushes toys forms of toys that resemble mostly animals, animated characters, cartoon characters, etc. These toys are stuffed with soft materials such as wool, beans, synthetic fiber, cotton, etc on the inside, and cloth such as plush, terrycloth, and socks are used as the outer fabric.
These toys have slightly exaggerated features and are used as gifts or comforting objects, especially for children. Though these toys can be gifted to anybody or can be used as a decorative objects at home. The vast varieties of cartoons are expected to impact the market widely. Moreover, the growing demand for plush toys has triggered the manufacturers and key players to produce innovative ideas that may further anticipate market growth.
Increasing Demand plush Toys to Trigger the Market Growth.
The stuffed toys are in great demand as they are sold on various occasions such as graduation, Christmas, condolences, etc. moreover these toys are widely used to comfort young children due to which these toys are never obsolete. Also, various cartoon characters or movie producers invest in stuffed toys for their promotional events and to increase their movie demand. Hence, these factors altogether contribute to the stuffed toy industry immensely leading them to huge profits.
Cartoon Toys Segment to Trigger the Market Widely
Based on the type, the Stuffed and Plush Toys market is segmented into cartoon toys, traditional stuffed animals, battery-operated, action figures, puppets, and others. Cartoon characters are quite influential among children and usually, cartoon characters are more preferred due to their innovative features, different shapes, and aesthetics. Since these toys attract a lot of population, they are extensively in demand and are expected to drive the market widely.
The traditional animal stuffed toys are still famous even after the ages of their introduction among babies which in turn is triggers the market growth. Based on material the market is segmented into synthetic filling, blended filling, organic filling, and others. Based on end-use the market was segmented into toy stores, discount stores, and others.
North America Attributed to the Largest Segment Regionally
North America occupied the largest share owing to the presence of various cartoon industries such as marvel, Disney, DC Comics, etc. The companies are known to collaborate extensively with the stuffed toy manufacturers to promote their movies and advertise their brands. The growing investment in animated movies and series, in turn, triggers the stuffed and plush toys market extensively. The Aisa Pacific region is expected to be the fastest-growing segment owing to the large penetration of animated movies through movie theaters and online screening services.
Players to Focus on Mergers and Collaborations to Expand Business
The global Stuffed and Plush Toys market is expected to grow with a significant CAGR due to the presence of various companies including Mattel, Inc., LEGO A/S, Simba Dickie Group, Bandai Namco Group, Hasbro, Inc., Budsies, LLC, Spin Master Ltd., Ty, Inc, Giantmicrobes, Inc. among others.
Mattel Inc.: The stuffed and plush toys market is widely into enhancing their portfolio. For instance, Mattel Inc. got into an international licensing agreement for Hello Kitty by Sanrio Co. Ltd. The agreement will allow Mattel to use Hello Kitty in stuffed toys and dolls preparation providing a wide range of portfolios. The Agreement took place in the year 2019.
Again in 2019, Mattel made a similar agreement with Disney for the Pixar Animations. Famous characters from Pixar Studios such as coco, finding Nemo, The Incredibles, etc. were included for the portfolio enhancement.
Scope of the Report
By Type
- Cartoon Toys
- Traditional Stuffed Animals
- Battery Operated
- Action Figures
- Puppets
- Others
By Material
- Synthetic filling
- Organic filling
- Blended filling
- Others
By End-User
- Toystores
- Discount stores
- Others
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.
For more information about this report visit https://www.researchandmarkets.com/r/ojrvgr
