Toys Manufacturing
Creating India's Toy Story
Indian Toys Industry is estimated to be $1.5 bn making up 0.5% global market share. The toy manufacturers in India are mostly located in NCR, Maharashtra, Karnataka, Tamil Nadu and clusters across central Indian states. The sector is fragmented with 90% of the market being unorganized and 4,000 toy industry units from MSME sector.
The toys industry in India has the potential to grow to $2-3 bn by 2024. The Indian toy industry is only 0.5% of the global industry size indicating a large potential growth opportunity. The domestic toy demand forecasted to grow at 10-15% against the global average of 5%.
Some trends contributing to growing demand:
- There will be a 2.5x increase in income per capita from 2016 to 2027
- There will be a 1.2x increase in the proportion of affluent and elite consumers in Tier 2 & Tier 3 cities by 2025
- 80% of the population will belong to Gen ‘I’ by 2027
Industry Size
FDI Permitted
Exports (2019-20)
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FAQs
The major objectives of the scheme are:
1) Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
2) Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
3) Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
4) Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.
For more details, please visit the following link.
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The major objectives of the scheme are:
1) Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
2) Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
3) Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
4) Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.
For more details, please visit the following link.
Was it helpful?
According to the Plastic Waste Management Rules 2016, there is a complete ban of the manufacture, supply and storage of polythene bags and other plastic items such as cups, plates, spoons, and glasses in many states with a partial ban in some states like Maharashtra, West Bengal, Goa, Kerala etc. Some states permit polythene bags above 50 microns thickness.
For more information, click here.
Was it helpful?
According to the Plastic Waste Management Rules 2016, there is a complete ban of the manufacture, supply and storage of polythene bags and other plastic items such as cups, plates, spoons, and glasses in many states with a partial ban in some states like Maharashtra, West Bengal, Goa, Kerala etc. Some states permit polythene bags above 50 microns thickness.
For more information, click here.
Was it helpful?