AMA Research, a global market research and consulting organization, have released a new study titled "Latex Balloons market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Latex Balloons market to grow at a CAGR of %.
The End user, such as Commercial, is boosting the Latex Balloons market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Latex Balloons market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Parties and Various Festivals.
Latex Balloons are known as the air-tight bags which is been made out of latex, that is a light material which can be inflated with air or the other gases. The ordinary air, or other gas like helium, can be forced into them for the purpose of expansion. Latex balloons are basically available in all kinds of size, shapes, and colors to delight the children and adults at birthday parties and also at festive occasions or can also be used as a tool of advertisement. The market of the Latex Balloons is increasing due to the rising disposable income for celebrating various festivals and parties, while there are some factors which are hindering the market, like other substitutes available for the decoration purpose. While due to the continuous blowing can also cause major chocking risk which is the restraint for the market.
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 Latex Balloons market by Type (Plain Latex Balloons, Printed Latex Balloons, Round Latex Balloons, Heart Shaped Latex Balloons, Animal Shaped Latex Balloons and Other), by Application (Party & Celebration, Advertisement and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market