The latest report by IMARC Group, titled “Gift Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“,The global gift packaging market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Gift packaging includes ribbons, bows, boxes, containers, sacks, and bags, available in various materials like paper, plastics, glass, and metal. It comes in diverse sizes, shapes, colors, patterns, textures, and styles. This cost-effective solution not only enhances the presentation of gifts but also protects them from damage and friction. Additionally, gift packaging adds an element of surprise and makes recipients feel cherished, making it a popular choice for occasions like birthdays, farewells, anniversaries, festivals, and business events worldwide.
Gift Packaging Market Trends and Drivers:
Currently, the increasing demand for eco-friendly gift packaging made of green paper, noted for its ease of production, assortment of printed designs, and high recyclability, stands out as a significant driver bolstering market expansion. Additionally, the burgeoning trend of corporate gifting within businesses, aimed at fostering strong and positive relationships with clients, contributes to a favorable market projection. Moreover, the extensive availability of gift packaging across various distribution channels worldwide, including supermarkets, hypermarkets, specialty shops, convenience stores, and online platforms, presents an attractive growth opportunity for industry stakeholders. Furthermore, major industry players are introducing innovative wrapping solutions featuring advanced paper stretch wrap as a sustainable alternative to plastic stretch film.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gift-packaging-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Ribbons
- Wrapping Papers
- Containers
- Boxes
- Others
Breakup by Material:
- Paper and Paperboards
- Plastic
- Glass
- Others
Breakup by Packaging:
- Primary Packaging
- Secondary Packaging
- Tertiary Packaging
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- DS Smith plc
- Ebro Color GmbH
- Hallmark Cards Inc.
- IG Design Group plc
- International Packaging Corporation
- Karl Knauer KG
- Mondi plc
- POL-MAK
- Smurfit Kappa Group plc
- Yama Ribbon & Bows Co. Ltd.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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