The global Plastic Toy Storage Market consists of containers and shelves that help organize toys at home. They are designed from durable plastic materials that withstand rough usage from children. Plastic toy storage offers easy portability and setup for parents to accommodate growing toy collections of kids.
The global Plastic Toy Storage Market is estimated to be valued at US$ 4.53 Bn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing penetration of e-commerce sales channels for toys is boosting demand for plastic toy storage products. Online retailers offer attractive discounts and marketing campaigns for storage solutions to encourage higher basket sizes. Product recommendations and transparent reviews help parents select best-in-class plastic toy boxes, cabinets, and shelves suited for their home spaces. This is expected to drive the plastic toy storage market growth during the forecast period.
SWOT Analysis
Strength: Plastic toy storage products are durable, safe for children, affordable and easily available. They provide long lasting storage solutions.
Weakness: Plastic materials have negative impact on environment. Frequent replacement of plastic parts increases landfill waste. Limited design options compared to wood.
Opportunity: Increasing spending on children products with rising middle class population. Growing need for organized storage in homes with children.
Threats: Strong competition from alternative materials like wood. Regulations to curb pollution from plastic production.
Key Takeaways
The Global Plastic Toy Storage Market Size is expected to witness high growth. Regional analysis comprises
The Asia Pacific region dominates the plastic toy storage market and is expected to grow at fastest CAGR during forecast period. Factors such as rising middle class population, increasing spending on children products, growing urbanization are driving market growth in Asia Pacific region. Major players are also focusing on expanding their business in Asia Pacific countries to tap growth potential.
Key Players
Key players operating in the plastic toy storage market are Sterilite Corporation, Rubbermaid, IKEA, KidKraft, Badger Basket, Tot Tutors, Costway, Sauder, Prepac, Honey-Can-Do, Creative Scents, Contico, South Shore Furniture, Seville Classics, Boori, Home Max, Three Posts, Langria, mDesign, Honey Can Do. These players are focusing on new product launches, expanding regional footprint to strengthen their market position. For instance, in 2022 Sterilite Corporation launched new eco-friendly toy storage solutions made from recycled plastic.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
