Plastic Construction Toys Market Size, Share, Growth, And Industry Analysis, By Type (Traditional Plates and Blocks, Architecture, Tinker Toys and Other), By Application (2-3 Years old, 3-4 Years old, 5-8 Years old and Above 8 Years Old), Regional Forecast To 2032

Plastic Construction Toys Market Report Overview

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The global plastic construction toys market size expanded rapidly in 2023 and the market is expected to generate substantial revenue by 2032, a robust Compound annual growth rate (CAGR) during the forecast period.

The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Children can make a variety of constructions, and items using plastic construction toys. These toys often come in sets of plastic parts in irregular configurations, dimensions, and colors that may be clicked or jammed securely. While offering hours of pleasure, these toys are made to improve kids' inventiveness, problem-solving abilities, and situational awareness. Kids can use construction toys to build things including skyscrapers, and arches as well as things such as vehicles, airplanes, and robotics. Also, kids can act out various roles and tales using plastic building items to set up fictional worlds.

As a result of the product's capacity to improve problem-solving capabilities in young kids or preschoolers, the plastic sector is predicted to grow strongly during the forthcoming years. According to studies, kids who build elaborate structures fare better on tests of spatial ability than other kids. Parents are being urged to buy plastic construction toys for their children's play areas due to the rising understanding of these toys' benefits for the development of creativity and cognitive thinking.

COVID-19 Impact: Home Schooling during the Outbreak led to the Rise in the Need for these Toys

The epidemic raised consumer desire for instructive and entertaining things to do at home, which stimulated toys and game sales, particularly those of building toys. The trend towards home education and online education is one of the primary causes which caused the increased need for plastic construction toys during the epidemic. Parents were on the lookout for informative items and games to engage their children to participate and learn as many kids were remaining at home and taking classes electronically. Children could build structures and items out of plastic toys, which was a great way for them to use their imagination and problem-solving abilities.

Latest Trends

"Introduction of New Sustainable Toys by the Business to Enlarge their Product Offerings"

The plastic construction toys businesses are concentrating on diversifying their product offerings and other tactics to increase their market share internationally. For instance, Mattel, Inc. increased its selection of sustainable toys in April 2022 with the launch of fresh construction toys under the Matchbox and MEGA brands. To achieve 100% repurposed or bio-based plastic materials in its goods and packaging by 2030, this enlarged offering was made. These programmes were designed to help the business create a significant impact within the sector.

Plastic Construction Toys Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Traditional Plates and Blocks, Architecture, Tinker Toys and Other

• By Application Analysis

Based on application, the market can be divided into 2-3 Years old, 3-4 Years old, 5-8 Years old and Above 8 Years Old

Driving Factors

"Increase in At-Home Activities has Given Rise to the Popularity of the Plastic Toys"

The COVID-19 epidemic has exacerbated a movement more toward at-home activities that has been present in recent years. Parents are searching for things to do that can keep the kids interested as more children participate in remote learning at home. While looking for fun and educational things for their kids to perform at home, parents frequently turn to plastic construction toys. This in turn, has resulted in the sector expanding due to the appeal of these toys among kids. Plastic toys offer a fun and interesting opportunity for kids to build and create things since they are naturally inquisitive and enjoy doing so. These toys also come in a range of colors and shapes, enabling kids to be imaginative and construct anything they can conjure up.

"Innovative Product Ideas and Collaborations with Franchises are Driving the Interest for these Toys "

Manufacturers of plastic building toys are always coming up with new ideas and enhancing existing offerings. To render their products more engaging and interesting, they are combining modern elements and technologies, such as motorized components and sensors. They are also collaborating with well-known franchises and businesses to provide licensed goods that cater to kids' interests, such as Star Wars and Marvel. These developments have contributed to the plastic construction toys market design of new products and parent and kid interest.

Restraining Factors

"Growing Impact of Plastic on the Environment has Given Rise to Eco-friendly Products "

Growing worries about the effects of plastic on the planet are one of the key issues holding back the market for plastic toys. Many people are looking for more environmentally friendly options as they become more conscious of the negative impacts that waste plastic has on the environment. As a result, the market for eco-friendly products constructed from reused or biodegradable materials is expanding, which can cause the need for construction toys to decline. Thus, this factor could obstruct the plastic construction toys market growth from enlarging during the forecast period.

Plastic Construction Toys Market Regional Insights

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"Rising Disposable Income and Low Production Costs are Factors Driving the Regional Market"

The Asia Pacific area held the largest plastic construction toys market share. Many of the largest toy markets worldwide are found in this region, which also includes nations including China, Japan, India, and South Korea. Given the number of people in the Asia Pacific region, there is a big market for toys and games, especially plastic toys. The demand for toys has increased as a result of consumers' increased ability to purchase toys and games as a result of increasing expendable cash in several of the region's countries. China, which has a sizable manufacturing sector and low costs of production, is where the majority of construction toys are produced in the Asia Pacific region. Overall, it is anticipated that the Asia Pacific region will continue to lead the market for construction toys in the years to come.

Key Industry Players

"Key Players Focus on New Product Launches and Advertising Initiatives to Gain a Competitive Advantage"

Market participants are using a variety of techniques to improve their share of the market for plastic construction toys. Manufacturers of construction toys regularly release cutting-edge new products on the market. To render their toys increasingly engaging and interesting, manufacturers are incorporating new technologies.  Additionally, they are collaborating with well-known franchises and businesses to provide authorized goods that cater to the tastes of kids. The market participants are also spending money on marketing and advertising initiatives to sell their goods and raise brand awareness. To connect with their intended demographic, they employ a variety of media platforms, including broadcast, social networking sites, and content marketing.

LIST OF TOP PLASTIC CONSTRUCTION TOYS COMPANIES

• LEGO (Denmark)
• MGA Entertainment (U.S.)
• Patch Products (U.S.)
• Hasbro (U.S.)
• Vtech (Hong Kong)
• Mattel (U.S.)
• Bandai (Japan)
• Simba-Dickie Group (Germany)

Report Coverage

This report covers the plastic construction toys market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.