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Luxury Gift Packaging Market to Expand at a Healthy CAGR of 3.6% through 2032

Gift Packaging Market

The global gift packaging market is expected to increase at a CAGR of 3.6 percent from 2022 to 2032, reaching USD 27 billion in 2022 and USD 38 billion by 2032.

In 2022, the worldwide gift packaging industry will account for 3% of the global packaging market. During the forecast period of 2022-2032, the global gift packaging market is expected to have an absolute dollar potential of USD 11 billion.

The rising popularity of e-commerce sales channels for packaging and gift wrapping products, such as Amazon, Snapdeal, Flipkart, and others, has increased the current market valuation by 1.8X in the last half-decade.

Global Gift Packaging Market by Category

  • By Product Type :

    • Bows and Ribbons
    • Bags and Containers
    • Boxes
    • Wrapping Paper
    • Pouches
    • Decorative Articles
    • Tapes
    • Films and Foils
  • By Material :

    • Plastics
    • Paper & Paperboard
    • Metals
    • Glass
  • By Packaging Form :

    • Flexible Gift Packaging
    • Rigid Gift Packaging
  • By Packaging Type :

    • Primary Gift Packaging
    • Secondary Gift Packaging
    • Tertiary Gift Packaging

North America continues to be the most lucrative market for gift packaging.

The research study links North America’s market attractiveness to the long-standing American tradition of regular personal gifting. Wrapping paper sales are expected to reach over US$ 5,353 Mn by the end of 2018, owing to increased customer tendency to splurge on eye-catching wrapping paper patterns. Flexible packaging is expected to outsell rigid packaging by the end of 2018, according to the study, due to a shift toward lightweight packaging designs with greater barrier features.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-

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