Toys Contract Manufacturers

Today’s generation of children’s demand for toys needs a very diverse approach to toy crafting. With the demand increasing by 25% due to the pandemic, the government has been making necessary moves towards encouraging domestic toy manufacturing and exports through various initiatives. the 1.5 billion $ Indian toy industry, which is just 0.5% of the global market, has experienced a massive growth in recent years and is slated to grow to $2-3 billion by 2024. The slew of measures implemented by central and state governments like granting recognition and registration to in-house R&D units, remission of duties & taxes on exported products duty drawback scheme, capital subsidy, stamp duty exemption and interest subsidy is expected to boost  the growth of the Indian toy industry at an exponential rate in upcoming years. The toy manufacturers in India are mostly located in Tamil Nadu, Karnataka, Maharashtra, NCR and clusters across central Indian states. The toys manufacturing companies, especially, the plastic toy manufacturers are focusing on making durable, recyclable and washable plastic toys which can be bent, twisted and stand up for a bit of rough play.

Industry Experts, a B2B sourcing platform, presents above a diverse range of toy manufacturing companies and connects you with suitable contract manufacturers, for example, wooden toy manufacturers, or electronic toy manufacturers according to the business needs