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Global Pet Toys Market to Reach $3.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Pet Toys estimated at US$ 2.5 Billion in the year 2020, is projected to reach a revised size of US$ 3.7 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.
Plush Toys, one of the segments analyzed in the report, is projected to record a 6.3% CAGR and reach US$ 1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rope & Tug Toys segment is readjusted to a revised 5.5% CAGR for the next 7-year period.