Global Gift Packaging Market Overview:
Gift packaging increases the aesthetic value of the product. It involves various components such as gift paper, box, ribbons, and tags. The gifts are given on different occasions such as festivals, parties, anniversaries and other occasions. Moreover, gifting is the way of appreciation or expressing gratitude. Hence, these gift packaging are widely used in these occasions which are fueling the market growth.
As per latest study released by AMA Research, the Global Gift Packaging market is expected to see growth rate of 4.0%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Usage of Ecofriendly and Sustainable Products for Manufacturing
Market Growth Drivers:
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.
Restraints:
Government Regulations on Raw Materials Used for Manufacturing Gift Wraps and Boxes
Opportunities:
Increasing Popularity of Gift Boxes is Boosting the Market Growth and Increase in Per Capita Income Which is leading to Increase in Spending on Gifts
Competitive Landscape:
The key players in market of Gift Packaging are focusing on the product developments. The market consists of emerging players who are looking for expansion through merger and acquisition.
Some of the key players profiled in the report are IG Design Group (United Kingdom), Card Factory (United Kingdom), Hallmark Cards (United States), Schurman Retail Group (United States), POL-MAK Printing (Poland), Karl Knauer (Germany), Fiorini International (Italy), DS Smith (United Kingdom), Xiamen Yama Ribbon & Bows (China) and U.S. Box Corp (United States). Additionally, following companies can also be profiled that are part of our coverage like Noble (United States) and Box and wrap (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Gift Packaging market by 2030. Considering Market by End Users, the sub-segment i.e. Consumer goods will boost the Gift Packaging market. Considering Market by Material type, the sub-segment i.e. Paper & Paperboard will boost the Gift Packaging market. Considering Market by Distribution channel, the sub-segment i.e. Online will boost the Gift Packaging market. Considering Market by Printing Technology, the sub-segment i.e. Lithography will boost the Gift Packaging market.
Latest Market Insights:
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.
What Can be Explored with the Gift Packaging Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gift Packaging Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gift Packaging
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gift Packaging market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gift Packaging market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.