Gift Boxes Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Gift Boxes Market grew at a CAGR of 5.3% between 2017-2021 and is estimated to be US$ 3,146.7Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.7% and is expected to reach a valuation of US$ 5,477.8Mn by 2032 end.
Due to the widespread use of food and drink items like toys, ice cream, chocolate, and wine, gift boxes are in high demand. When food products are presented in gift boxes, they look more glossy and enticing.
In addition to these items, gift boxes are also used for packaging jewelry, electronics, toys, artwork, personal care products, cosmetics, and other commodities. The most popular materials used to construct gift boxes are paperboard, plastic, tin, and aluminum.
E-COMMERCE IS ONE OF THE ASPECTS THAT INFLUENCE THE GROWTH OF THE GIFT BOX MARKET
One factor that affects the growth of the gift box market is e-commerce. Because gift boxes are used for packaging goods to ensure the safe delivery of the product, the development of the gift box packaging sector is significantly impacted by the growth of the e-commerce market.
Gift boxes are no longer only used to keep goods safe from harm; they also have some distinctive qualities, including toughness, reusability, and a pleasing aesthetic. Due to various better qualities over alternatives, the gift box market is expanding worldwide.
GOVERNMENT REGULATIONS RELATED TO FOOD SAFETY AND STANDARDS ARE EXPECTED TO IMPEDE THE MARKET GROWTH
The development of the market is anticipated to be hampered by government laws about food safety and requirements for preventing the quality of food products from declining owing to gift box packaging. Additionally, fierce competition among the top players in the market raises barriers to entry for new competitors and limits market expansion.
Market Segments Covered in Report
By Raw Material:
By Product Outlook:
By Printing Technology:
By Region and Country:
Which raw material is most preferred in the market?
The Paper Gift Boxes segment holds the largest market share during the forecast period. The factors that can be attributed to the growing demand for paper packaging owing to properties such as benefits such as reusability, durability, and attractive appearance fueling this segment’s need.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The creation and release of new products are the focus of the major market participants. These companies use tactics like mergers and acquisitions to increase their market position.
The key developments in the Global Gift Boxes Market:
In October 2019, to support dropship services in Houston, Chameleon Like introduced a custom packaging and gift box line with a large selection of 200 stock designs of boxes.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Raw Material, Product Outlook, End-Use, Printing Technology, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.7%.
E-commerce is one of the aspects that influence the growth of the gift box market.
Major global Gift Boxes Market players are Qingdao Hongrui Industry Co. Ltd, Shenzhen Fuxiang Gifts & Packaging Co. Ltd, Bayley’s Boxes, Varanna Industries, Shanghai Xianrong Packing Co., Ltd., Om Express Print Pack Private Limited, Valtenna Industria Cartotecnia, Shenzhen Tianya Paper Products Co. Ltd.
Government regulations related to food safety and standards are expected to impede the market growth.
Asia Pacific Region is expected to account for the largest market revenue share in the Global Gift Boxes market.
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