Recently, industry data shows that the cluster effect of the domestic rubber pet toy industry has become prominent, with the Yangtze River Delta region becoming the core production area, accounting for more than 60% of the country's total production capacity.
Recently, China Resources Recycling Group released statistical data showing that the penetration rate of recycled rubber in pet toy raw materials will reach 8.7% in 2024, an increase of 5.2 percentage points from 2020
Recently, market research shows that hidden treat rubber pet toys have become a new consumption hotspot, with sales increasing by 56% year-on-year and gaining popularity among pet owners.
Recently, the European Union officially updated the safety regulations for pet products, imposing stricter requirements on the material safety and labeling of rubber pet toys.
Recently, industry research has shown that there is severe homogenization in the domestic mid to low end rubber pet toy market, with most products concentrated in basic styles such as simple chew rubber and ball toys, leading to a price war and a profit margin of less than 8%.