NEW YORK, Aug. 25, 2022 /PRNewswire/ — One of the key trends in the global educational toys market is the rise in green toys. Many parents and educators prefer eco-friendly educational toys, which are also called green toys. Manufacturers are opting for sustainable product development. Hence, vendors are shifting from manufacturing traditional toys to eco-friendly toys. Many startups are increasingly entering the global educational toys market. Such advances in green toys will support the market during the forecast period.
The global educational toys market is expected to grow by USD 28.40 bn between 2020 and 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 14.25% during the forecast period, according to Technavio’s latest market report.
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The educational toys market report has been segmented by product (academic toys, cognitive toys, motor skills toys, and other toys), age (0-4 years, 4-8 years, and above 8 years), and geography (APAC, North America, Europe, South Americaand MEA).
By product, the academic toys segment will be the largest contributor to market growth. Factors such as increasing parent and student interest in early education will play a crucial role in driving the growth of the segment.
Based on the geography, the market will witness maximum growth in APAC During the forecast period. Factors such as an improved demographic environment and a significant rise in the purchasing power of the parents are expected to foster the growth of the educational toys market in APAC.