The article cited AMA's "Global Gift Packaging Market Study" explored CAGR of 4.0%. According to the report, Usage of Ecofriendly and Sustainable Products for Manufacturing is one of the primary growth factors for the market. Rising e commerce industry is fueling the market. The e commerce platform uses gift boxes for packaging. The gift boxes used are used for protecting the product from damage and also consists of some quality such as reliability, durability and attractive look. These factors are contributing towards the market growth. is also expected to contribute significantly to the Gift Packaging market. Overall, applications of Gift Packaging, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End Users, such as Consumer goods, is boosting the Gift Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material type, such as Paper & Paperboard, is boosting the Gift Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution channel, such as Online, is boosting the Gift Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Printing Technology, such as Lithography, is boosting the Gift Packaging market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Gift Packaging market identified that the demand is rising in many different parts of the world as "Increasing Popularity of Gift Boxes is Boosting the Market Growth
". Furthermore, some recent industry insights like "On November 15, 2023, ProAmpac introduced a customizable gift packaging solution with digital printing capabilities. This allows businesses to personalize their packaging for a unique customer experience." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Gift Packaging market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Gift Packaging market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Gift Packaging market size is calculated using market estimation process, the Gift Packaging market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Gift Packaging market size has been validated using both top-down and bottom-up approaches.