The rise of eco-friendly segment is fueling the growth of Plastic Toy Storage Market

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 Overview:
Plastic toy storage products offer safe and durable storage solutions for toys. They provide wide storage space for easy organization and access to toys. The plastic material used in these storage boxes, bins, drawers and cabinets makes them lightweight while maintaining structural stability.

Market key trends:
One of the key trends in the plastic toy storage market is growing focus towards eco-friendly products. Manufacturers are developing plastic toy storage options from recycled plastic to cater to the rising demand for sustainable products. Eco-friendly plastic storage boxes and drawers are manufactured from recycled plastic like PET or HDPE plastic to reduce environmental footprint. Some players also offer refill package options to decrease plastic wastage. Moreover, compact and space-saving designs of storage products allow efficient use of storage space in homes and play areas.

Segment Analysis
The global plastic toy storage market is segmented on the basis of product type, sales channel, and region. Based on product type, the plastic toy storage market is segmented into chests, cabinets, racks, and others. Among these, the chests segment dominates the market and is expected to maintain its dominance over the forecast period. Chests are a basic and versatile option for organizing toys in an open space, and offer a significant storage capacity. Based on sales channel, the market is divided into offline and online channels. The offline channel holds a larger market share owing to strong physical presence of retailers and consumer preference for in-store shopping experience and product selection.

Key Takeaways
The Global Plastic Toy Storage Market Size is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing urbanization and growing middle-class population particularly in developing countries.

Regional analysis - North America dominates the plastic toy storage market currently, however Asia Pacific region is expected to witness fastest growth over the forecast period. Countries like India, China and other Southeast Asian countries offer huge growth potential for plastic toy storage market due to rising disposable incomes, rapid urbanization and increasing number of nuclear families.

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. Sterilite Corporation and Rubbermaid are currently the market leaders due to their wide product portfolio and global market reach.

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