In recent years, the blindbox industry has flourished greatly, hitting a market of over 14.2 billion dollars in 2024. This figure is expected to grow exponentially, hitting around 18.7 billion dollars by the end of this year, according to Cognitive Market Research. Popmart, founded by a veteran toymaker, Wang Ning in 2010 gained rapid fame in 2016. With unique characters like Labubu, Pucky and Molly creating waves around the world. As of the end of 2023, Pop Mart has opened 450 stores globally as well as 2000 roboshops globally. But why are these small acrylic figures creating so much hype? And why do people actually like these figures? Read further to find out! The reason for the sudden rise in the blind box industry is due to three important factors namely, its appeal, the thrill of unboxing a mystery as well as the rise in today's consumerist culture. Its Appeal Bli...