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
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By Product Type :
- Bows and Ribbons
- Bags and Containers
- Boxes
- Wrapping Paper
- Pouches
- Decorative Articles
- Tapes
- Films and Foils
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By Material :
- Plastics
- Paper & Paperboard
- Metals
- Glass
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By Packaging Form :
- Flexible Gift Packaging
- Rigid Gift Packaging
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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.
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