IMARC Group, a leading market research company, has recently releases report titled “Gift Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global gift packaging market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
Report Attributes Details Market Size in 2022 US$ 22.5 Billion Market Forecast in 2028 US$ 28.3 Billion Growth rate (2023 to 2028) CAGR of 3.9% Base Year of the Analysis 2022 Forecast Period 2023-2028
Gift packaging is employed to pack gifts in boxes or bags embellished with ribbons and other decorative elements to enhance their aesthetic value. Some commonly available gift packaging materials include gift boxes, ribbons, bows, wrapping paper sheets, sacks, colorful tapes, foam flowers, and bags. These products are available in numerous sizes, shapes, and colors to meet individual needs and preferences. The rising trend of gift-giving on special occasions such as anniversaries, farewells, birthdays, and festivals to express appreciation towards friends, family, and clients is escalating the demand for gift packaging services and products across the globe.
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The market is primarily driven by the growing trend of corporate gifting for motivating employees and promoting and establishing business relations with clients. In addition, the increasing use of personalized prints owing to their convenience, flexibility, and design possibilities, is contributing to the market growth. Moreover, the widespread adoption of corrugated gift boxes due to their benefits, such as durability, reusability, and attractive appearance, represents another major growth-inducing factor. Besides this, the introduction of eco-friendly packaging solutions, including cloth bags, to address environmental concerns is accelerating the product adoption rate. Along with this, the market is also propelled by the growing popularity of online applications offering gifting services with fast shipping facilities, convenient check-outs, and innumerable payment methods for targeting a larger consumer base. Furthermore, the increasing consumer inclination toward gifting flowers, cosmetic products, electronics, and clothes in appealing packaging solutions with tailored labels is also creating a favorable market outlook.
The report has segmented the market into the following categories:
Breakup by Product Type:
Breakup by Material:
Breakup by Packaging:
Breakup by Region:
The report covers the major market players including:
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