pet toys market
Allied Market Research has published a new report titled “Pet Toys Market Type (Action Figures & Toys, Dolls, Interlocking Blocks, Water Floats & Loungers) Application (Dog, Cat, Horse, Bird, Others) Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2022-2029” The report offers an in-depth analysis of key growth strategies, drivers, opportunities, key segment, analysis of Porter’s five forces and the competitive landscape.
There are different types of pet traction ropes available in the market. Customers can choose from these based on their pet’s comfort and affordability. This availability of a wide range of pet traction belts increases the demand for this product in the market. Rising number of pet owners in the Asia-Pacific region is driving the growth of the market. Moreover, the surge in the use of e-commerce platform has greatly increased the sale of pet toys on these platforms.
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There has been an increase in the demand for eco-friendly and natural pet toys. Companies are engaged in launching new, innovative and eco-friendly pet toys and accessories to meet this increase in demand.
The companies are also committed to creating durable, tough, stylish, chic and pet-friendly toys. For example, in July 2019, Wild One, a major player in the pet toy market, launched a line of well-designed and discreet dog toy products. This collection includes a range of pet toys such as bolt bites, twists and triangles that come in a variety of colors with stylish designs. The company claims that it is made of 100% natural, non-synthetic cotton and rubber.
Geographical analysis – North America (USA, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia , Thailand, Indonesia and Rest of Asia-Pacific), LAMEA (Middle East, Brazil and Rest of LAMEA)
Major market players profiled in the report are Petstages, Premier Pet Products, Starmark, Tuffy, West Paw Design, Worldwise, All-Star, Bradley Caldwell, JW Pet, Kong Company, Kyjen, Multipet, Petmate, Canine Hardware, Company Of Animals. , Fab, Hartz, Hyper Products, Jolly Pets
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Key benefits of the report:
• This study presents the analytical description of the worldwide Pet Toys industry together with current trends and future estimations to determine the impending pockets of investment.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Pet Toys market share.
• Current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario of the global Pet Toys market.
• Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the marketplace.
• The report provides a detailed analysis of the Global Pet Toys Market based on the competitive intensity and how the competition will shape in the coming years.
Analysis of the COVID-19 scenario:
The COVID-19 outbreak has caused a decline in the growth of global industries, creating massive disruption for buyers as well as sellers. Markets and production units were closed around the world, which stopped the production, sale and marketing of the product. It has also provided companies with an opportunity to address their supply chain relationship and business models for the future.
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