The global biodegradable children’s toys market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of X % during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing adoption of sustainable products.
Growing adoption of sustainable products is projected to fuel the biodegradable children's toys market. Biodegradable children's toys are made up of sustainable materials such as bamboo, organic wool, cork, and cotton. It also serves an educational purpose by developing skills among children such as problem-solving skills through playing board games, puzzles, and making building blocks.
The unfavorable impact of plastic toys on children’s health is to propel the market growth. Plastic toys are commonly made from phthalate to make the toys soft and squishy. Phthalate isan endocrine disruptor, which causes an imbalance in hormones and increases the risk of cancer among children.
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For instance, as per the report published by Children's Cancer Cause, the overall incidence of childhood cancer is on the increase, averaging a 0.8% increase per year since 1975 and about 1 in 285 children is estimated to develop cancer before the age of 20.
The COVID-19 pandemic hampered the biodegradable children’s toy market. Governments, preventive measures such as the imposition of lockdown and social distancing decreases consumer footfall in specialty stores and hypermarket, which reduces the overall purchase of biodegradable children's toy all around the world.
Moreover, a drastic downfall was seen in the manufacturing unit among all industries due to a shortage of manpower, material, imposed trade barriers, and international border closures.
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For instance, according to the US Bureau of Labor Statistics, manufacturing output fell a downfall of 43%, and hours worked in manufacturing fell by 38% in thesecond quarter of 2020 in the US.
Biodegradable Children’s Toys Market Dynamics
Major drivers
Rising preference for biodegradable toys by consumers is expected to drive the global market. Biodegradable children’s toys are made up of sustainable, renewable resources, and are chemical-free, which encourages parents to adopt a safe toy alternative for their children.
Growing awareness regarding the importance of biodegradable toys is projected to fuel the global market. Biodegradable toys promote imagination and creativityin children through their simple and unique designs that allow children to come up with their games and stories, without depleting the natural resources.
Existing Restraints
Increasing adoption of digital gaming devices over board games is expected to restrict the demand for biodegradable toys. Moreover, high production costs associated with biodegradable children's toys is estimated to impede market growth as the raw material used in making biodegradable toys are expensive.
The raw materials used in biodegradable children's toys are expensive since they are produced in smaller quantities, have a lower environmental impact, andare of better quality.
Emerging Opportunities
Rising partnerships and collaborations between key market players are projected to create an immense opportunity in the market. Companies are collaborating to develop novel products and materials for biodegradable children’s toys.
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For instance, on August 29, 2022, SSA group introduced the Bio Quest Toy Collection in Partnership with Wild Republic. The Bio Quest toy collection is a 100% biodegradable product made from bioplastics, which help with accelerated decomposition.
Growing initiatives to promote environmental control and reduce carbon footprints is an immense opportunity in the market. Biodegradable toys reduce carbon emission since it is made from plant-based materials such as bamboo, which minimizes carbon emission during the composite process.
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For instance, On January 1, 2023, Government of India forced Energy Conservation Act, which aims to reduce carbon emissions
Scope of Biodegradable Children’s Market Report
The report on the market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Biodegradable Children’s Toys Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Type (Action Figures, Building Sets, Dolls, Puzzles, Sports and Outdoor Toys, and Others), Materials (Cotton, Bamboo, Organic Wool, and Cork), Age Group (Up-to 5 Years, 5 to 10 Years, and Above 10 Years), and Distribution Channel(Hypermarket/Supermarket, Specialty Stores, and Online Channels),
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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The LEGO Group; Le Toy Van, Inc; Eco Kids; PlanToys.com; Maple Landmark; Legler; Green Toys Inc; Goliath Games; Clementoni Spa; North Star Toys; HABA USA; TEGU; Bigjigs Toys; BiOBUDDi Group b.v; and Ökonorm GmbH.
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Biodegradable Children’s Market Segment Insights
Product Type Segment Analysis
Based on product type, the biodegradable children’s toys market is divided into action figures, building sets, dolls, puzzles, sports and outdoor toys, and others. The action figures toys segment held a large market share in 2022, due to the increasing popularity of superheroes among children.
An action figure toy is a poseable character model figure from a video game, film, military,comic book, or television program. Moreover, rising sales of these toys are propelling the segment's growth as children are attracted to action-figure toys.
The sport and outdoor toys are estimated to witness a significant CAGR growth in the coming years owing to their ability to encourage physical activities and develop coordination skills among children as these toys encourage kids to spend time outdoors. Moreover, sports and outdoor toys develop motor skills in children such as running, jumping, throwing, and gripping, resulting in boosting the segment growth.
Materials Segment Analysis
On the basis of material, the global market is categorized into cotton, bamboo, organic wool, and cork. The bamboo segment dominated the market in 2022, due to the growing preference for sustainable products among children's parents.
Bamboo is a sustainable material that restrains soil erosion, requires very less energy to nurture supplies biofuel, and extends wildlife refuge. Moreover, bamboo offers excellent strength, rigidity, lightness, and flexibility, making it ideal for manufacturing biodegradable children’s toys.
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For instance, On August 29, 2022, Melissa & Doug launched a playful and engaging collection of toys designed to inspire learning through play. The collection includes wooden toys made of bamboo.
The organic wool segment is anticipated to register a considerable CAGR during the forecast period as it is commonly used to make soft toys such as dolls, teddy bears, and many others. Wool is commonly used to stuff in children’s toys, especially biodegradable ones as it is easily degradable.
Parents are increasingly preferring wool-stuffed toys for their children as these are safe, durable, and environmentally friendly. Moreover, wool is resistant to mold and mildews, making it an ideal choice for child toys.
Age Group Segment Analysis
Based on age group, the biodegradable children’s toys market is divided into up to 5 years, 5 to 10 years, and above 10 years. The 5-10 to year segment witnessed a significant CAGR in 2022 due to the growing demand for games that help children to develop their minds. Moreover, children at this stage develop intellectual growth, which encourages them to adopt board games, puzzles, fan collectibles, and building toys, significantly propelling market growth.
The 10 years above children are anticipated to grow at a high CAGR during the assessment period owing to cognitive development. Cognitive development in children enhances their learning and problem-solving skills, which propel them towards sports and outdoor games, thus boosting the demand for biodegradable sports and outdoor toys.
Distribution Channel Segment Analysis
Interms of distribution channels, the global market is segregated into hypermarkets/supermarkets, specialty stores, and online channels. The specialty stores accounted for a major market share in 2022., The growth is attributed to the availability of a variety of toys coupled with efficient customer service.
A specialty store is a retail business that carries a wide variety of styles models, and brands within a relatively lessen category of products. Moreover, consumers are preferring specialty stores owing to easy access to high-quality products and personalized customer service. This, in turn, is expected to create new opportunities for segment growth.
The online segment is projected to grow at a considerable pace in the coming years owing to its wider and more diverse reach. Manufacturers are shifting their focus to online distribution channels as it offers them to sell their products to global consumers without setting up physical stores, intermediaries, and human resources.
Additionally, consumers are preferring online channels, which offer them the convivence to order products from any corner of the world through internet-connected smartphones, thus boosting segment growth.
Regional Analysis
Based on region, the biodegradable children’s toys market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2022 and is anticipated to expand at a continuous pace over the forecast period due to the presence of established companies such as Maple Landmark and Plan Toys, and growing awareness companies regarding environmental impact.
Moreover,the increasing child population in the region is estimated to boost the demand for biodegradable children's toys as these toys are adopted by children to play.
Asia Pacific is estimated to witness a high CAGR growth in the coming years owing to the presence of the largest toy manufacturing & exporting hub and the rising children population.
China is claimed to be the largest toy manufacturing and exporting hub around the world, accounting for 59% of global toy exports in 2022. Moreover, the rising children population in the region is expected to boost the demand for biodegradable children’s toys.
Segments
The biodegradable children’s toys market has been segmented on the basis of
Product Type
- Action Figures
- Building Sets
- Dolls
- Puzzles
- Sports and Outdoor Toys
- Others
Materials
- Cotton
- Bamboo
- Organic Wool
- Cork
Age Group
- Up to 5 Years
- 5 to 10 Years
- Above 10 years
Distribution Channel
- Hypermarket/Supermarket
- Specialty Stores
- Online Channels
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- The LEGO Group
- Le Toy Van, Inc
- Eco Kids
- PlanToys.com
- Maple Landmark
- Legler
- Green Toys Inc
- Goliath Games
- Clementoni Spa
- North Star Toys
- HABA USA
- TEGU
- Bigjigs Toys
- BiOBUDDi Group b.v
- Ökonorm GmbH
Competitive Landscape
Key players competing in the global market are The LEGO Group.; Le Toy Van, Inc; Eco Kids; PlanToys.com; Maple Landmark; Legler; Green Toys Inc; Goliath Games; Clementoni Spa; North Star Toys; HABA USA; TEGU; Bigjigs Toys; BiOBUDDi Group b.v; and Ökonorm GmbH.
These companies adopted development strategies including collaboration, product launches, mergers, acquisitions, partnerships, and production expansion to expand their consumer base worldwide. For instance,
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On June 1, 2023, Bigjigs Toys introduced a new eco-friendly toys collection for children aged 12+ months. This new collection of toys is made from 100% food-grade silicone, which includes bath toys, stacking cups, and sensory playthings.
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