Global Toy Balloon Market Size By Type (Rubber, Emulsion), By Application (Household, Commercial), By Geographic Scope And Forecast

Toy Balloon Market Size And Forecast

Toy Balloon Market size was valued at USD 11.71 Billion in 2022 and is projected to reach USD 17.51 Billion by 2030, growing at a CAGR of 5.41% from 2023 to 2030.

The Toy Balloon market has noticed a tremendous increase in the previous few years due to the increasing demand for balloons from households and commercial applications and the rising disposable income of people in developing countries. The report thoroughly analyzes critical segments, restraints, drivers, trends, competitive landscape, and factors that play an essential role in the market.

Global Toy Balloon Market Definition

A toy balloon is a type of balloon designed for play and decoration. They are made of various materials, such as latex, rubber, foil, and plastic, and come in different shapes, sizes, and colors. They are commonly used for parties, celebrations, and events as decorations or as toys for children. The balloons are often filled with air or helium and can be inflated using a pump or by blowing air into them. To add a decorative touch to parties and events, they can be shaped into various forms, such as animals, flowers, or other objects. To enhance their celebratory appeal, some toy balloons have printed designs or messages, such as a happy birthday or congratulations.

These balloons are widely available in retail stores, party supply shops, and online marketplaces. They are inexpensive and can be purchased in bulk for more significant events or celebrations. However, the environmental impact of balloons has been a growing concern. There are efforts to promote using biodegradable materials for balloons to reduce their environmental impact.

Global Toy Balloon Market Overview

Global Toy Balloon Market is experiencing growth in the forthcoming years due to the increasing popularity of theme-based parties and events. The rising trend of theme-based parties and events, especially among children, has increased demand for balloons customized to fit the party’s theme. This trend is expected to drive the growth of the toy balloon market. Also, as disposable income increases, people tend to spend more on entertainment and celebrations, which can increase demand for toy balloons. Besides, e-commerce and online sales are also encouraging growth. The ease of purchasing products online has led to an increase in sales of toy balloons. The convenience of shopping online has made it easier for consumers to buy balloons from the comfort of their homes, thereby driving the market’s growth.

However, the use of balloons has come under scrutiny due to concerns about their environmental impact. Balloons made of non-biodegradable materials can decompose for years and pose a threat to wildlife. These concerns may restrain the growth of the toy balloon market. The improper use of balloons can pose a risk of suffocation, especially among children. Safety concerns may limit the development of the toy balloon market. Also, the toy balloon market is highly competitive, and new entrants can make it difficult for established companies to maintain their market share.

Nonetheless, developing biodegradable materials for balloons can allow companies to tap into the eco-friendly market and reduce the environmental impact of balloons. Also, promotions and events that involve the use of balloons create opportunities for the growth of the toy balloon market. Emerging economies are also offering lucrative opportunities for the market to grow. The toy balloon market has significant growth potential in countries such as China, India, and Brazil. Celebrations’ increasing disposable income and popularity can drive demand for toy balloons.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in The Toy Balloon Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Toy Balloon Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Toy Balloon Market Segmentation Analysis

The Global Toy Balloon Market is Segmented on the Basis of Type, Application, And Geography.

Toy Balloon Market, By Type

• Rubber
• Emulsion
• Plastic
• Oxford Cloth
• Others

Based on Type, the market is segmented into Rubber, Emulsion, Plastic, Oxford Cloth, and Others. The Plastic toy Balloons segment accounted for the largest revenue share in 2021. Plastic toy balloons are created of plastic and have a balloon shape. They are often used as children’s toys, for playing in the air or filling with helium to make them float. They are usually used in commercial applications, such as advertising or at events. Plastic toys are gaining popularity due to their durability and low price compared with Oxford clothes. Oxford cloth toys are widely utilized in promotional activities, events, carnivals, and festivals, as well as for advertising purposes owing to their ability to create a fun environment while promoting a product or service.

Toy Balloon Market, By Application

• Household
• Commercial
• Others

Based on Application, the market is segmented into Household, Commercial, and Others. Household applications comprise birthday parties, decoration, and others. Commercial applications include advertising and others. Other applications include science experiments, weather balloons, and others. The Commercial segment accounted for a significant revenue stake in the Toy Balloon market in 2021.

Toy Balloon Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the Global Toy Balloon Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. During the prediction time, the Asia Pacific region is expected to maintain a major stake in the Global Toy Balloon Market due to its increased spending on celebrations and festivals and growing commercial activities. In addition, increasing disposable income levels are anticipated to fuel the toy market across this region.

North America accounted for a significant share of the overall revenue due to increased consumer preference towards novel balloon products and their easy availability at retail stores across this region. Europe also contributed immensely towards market growth due to increased use during corporate events, wedding ceremonies, parties, and receptions across this region.

Key Players

The “Global Toy Balloon Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Qualatex, Anagram International, Pioneer Balloon Company, Party City, Amscan, Belbal, Gemar Balloons, Maped Helium Balloons, Balonevi, Sempertex, Hi-Float Company, TOTA, Betallic, Balloon Time, Unique Industries.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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