Toys & Games Market To Expand At 4.6% CAGR From 2020 To 2025, Demand For Eco-friendly Toys & Rising Number of Online Gaming Competitions To Act As Key Drivers | Million Insights

Toys & Games Market To Expand At 4.6% CAGR From 2020 To 2025, Demand For Eco-friendly Toys & Rising Number of Online Gaming Competitions To Act As Key Drivers | Million Insights

PR Newswire

FELTON, Calif., Oct. 6, 2020

FELTON, Calif., Oct. 6, 2020 /PRNewswire/ -- The global toys and games market size is projected to touch USD 139.2 billion by 2025 growing at 4.6% CAGR, as per a new report by Million Insights. The increasing number of online gaming competitions all over the world is a major factor propelling the growth of the market in the forecast period. Over the last few years, rising demand for in-licensing activities is proliferating the market growth.

Increasing demand for environment-friendly toys and games is also expected to propel the product demand in the coming years. Wood, organic cotton and cardboard are the major raw materials for manufacturing environmentally products. For example, recycled plastic milk bottles are used to make Green Toys. The company teamed up with Walmart for distribution of its products.

Please click here to get the sample pdf and find more details on "Toys & Games Market" Report 2025.

The rising number of participants of e-sports is a major factor propelling the toys & games market. Innovative games like PUBG, Fortnight, FIFA and Counterstrike are gaining traction amongst youngsters and adults. These games are not only popular in children but adults as well.

Asia Pacific is anticipated to grow at a CAGR of 5.1% in the forecast period. Growing e-commerce channels coupled with the rising number of retail outlets is propelling the product demand and market growth in this region. North America seconded in terms of revenue, followed by Europe in 2018.

Further key findings from the report suggest:

Browse 80 page research report with TOC on "Global Toys and Games Market" at: https://www.millioninsights.com/industry-reports/global-toys-games-market

Million Insights has segmented the global toys and games market on the basis of product, application, distribution channel and region:

Explore the latest press releases by Million Insights:

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter

 

Voltar noticias em Inglês