Kinder to the Earth, Kinder to Our Kids: The Benefits of Sustainable Toys
Sustainable toys, also known as green or recycled toys, are made from organic materials such as cotton, wool, bamboo, and water-based inks.
The sustainable toys market is expected to reach a size of $59,643.9 million by 2030, with a CAGR of 8.2% from 2021 to 2030.
The growth of the sustainable toys market is driven by increasing environmental consciousness and the rapid expansion of the retail sector.
Plastic, commonly used in toy manufacturing, is a non-degradable substance that harms the environment.
The development of an eco-label certification program for toys and government regulations regarding the use of chemicals in toys have been supportive of the market growth.
Dolls are gaining significant market share in the sustainable toys market, estimated to reach $11,315.2 million by 2030 at a CAGR of 11.9%.
The 5 to 10 years age group accounted for around 39.7% market share in 2020 and is expected to grow at a CAGR of 13.1% during the forecast period.
Organic cotton and woolen sustainable toys made from sustainably sourced wood or natural rubber are great alternatives to plastic toys.
Online retail is growing at the highest CAGR rate and is estimated to reach $7,863.2 million by 2030 in the sustainable toys market.
MORE STORIES