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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.
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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.
Pet Toys - Assessment of the World's $3.7 Billion-projected Market by 2027 yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
When reached for comment about the report s findings, the EPA provided the following statement. Under the Biden-Harris Administration EPA has returned to its core mission, which includes protecting our pets health. We take every incident reported seriously and review these data to see whether action is necessary. EPA encourages pet owners to read the entire label before using the pesticide product and follow all directions carefully, including monitoring your pet after application to see if side effects occur. If side effects develop, the label tells the consumer to consult the pet s veterinarian immediately.
Seresto collars include small amounts of pesticides that are released onto the animal, per the report. The amount of pesticide dispersed is supposed to kill fleas and ticks but be safe for pets.