About Foil Balloon
Foil Balloon is materials that are used in decorations of several events such as parties, weddings, birthday, corporate functions and school events, and so on. There are different types of balloons and it can be customized according to the user demand such as themed balloons, animal balloons, foil balloon, and many more. In addition, Foil Balloon is mainly made of refined aluminium and can be filled with air, or any other gas. The growing inclination of people for organizing parties, professional and personal events are booming the demand for foil balloon in the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The manufacturers are focusing and increasing materials for making the party balloons and helping in producing reusable balloons, that will be sustainable and reusable in the party décor is the highlight among individuals who are environment conscious. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foil Balloon market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gemar Balloons (United States), Pioneer Balloon (United States), Amscan (United States), BELBAL (United Kingdom), CTI Industries (United States), Maple City Rubber (United States), Colour Way (China), Balonevi (Turkey) and BK Latex (Thailand) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Foil Balloon market by Type (Plain, Numbers & Letters and Other Types), Application (Commercial, Residential and Others) and Region.
On the basis of geography, the market of Foil Balloon has been segmented into 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Foil Balloon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Demand For themed Foil Party Balloons
Market Growth Drivers:
The Thriving Wedding Planning And Event Management Business Worldwide and Increasing demand for the foil balloons and
Challenges:
Stuck in a neck-to-neck competition with other competitiors
Restraints:
Substitute Availablity With Low Quality and High Cost compare to ordinary balloons
Opportunities:
Growing Corporate Culture in Asia Pacific Boosts Market Growth
Market Leaders and their expansionary development strategies
In December 2023, Anagram International and Balloon Art Supply announced a strategic partnership to offer customers a comprehensive online platform for purchasing both foil and latex balloons, party supplies, and decorations. This partnership brings together two leading players in the party supplies industry to create a one-stop shop for all balloon and party needs.
In November 2023, Gemar Balloons introduced a new line of foil balloons with LED lights. These illuminated balloons added a festive and vibrant touch to nighttime celebrations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, asd Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders,and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.