Thursday, June 25, 2020

Gift Packaging Market Demand, Growth, Opportunities and Analysis By 2025


The Global Gift Packaging Market research report interprets definition, an investigation of significant progress in the industry. It provides overall industry survey, product description, wide array of applications, top players, and development forecast. It enhances understanding about that market along with new business trends.

Over the last decade, gift packing underwent a sea-change with rolling out of corporate and personal gifts. New innovations in food packing and non-food items with artificial jewelries, soft toys and artworks caught the attention. A multitude of product categories including cookies, fruit baskets and wine hampers and different types of cheese gifted on occasions of birthdays and festivals have come under trending gifts with customers lifestyle and deep pockets under consideration for driving change in the gift packaging market.

Wrapping paper including lunch bags, decorative gift bags and decorative shopping bags have come under lens for gift wrapping and alternatively decorative handkerchiefs touted as the nearest handy accessory to hit the market and propel growth for gift packaging market. The potent drivers to the market include e-tailers who have bridged the gap between erstwhile manufacturers and customers to satisfy demand thus enhancing gift packaging market.


Main features of the report:
·         To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Gift Packaging Market.
·         A complete backdrop analysis, which includes an assessment of the parent market
·         Important changes in market dynamics
·         Market segmentation up to the second or third level
·         To provide country level analysis of the market for segment by application, product type and sub-segments.
·         To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
·         Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Gift Packaging Market.
·         Emerging niche segments and regional markets
·         An objective assessment of the trajectory of the industry.

Food gifting has transformed from conventional standards to contemporary sweets with attractive packaging and boosting gift packaging market. Furthermore, rise in disposable incomes has let one spend beyond his standards in acquiring gifts thus enhancing the gift packaging market. Personal gifting on holidays has given rise to ostentatious show of wealth with gifting to one and all matching one’s standard and lifestyle. This augurs well for the gift packaging market.

Segmentation by packaging type comprises primary packaging, secondary packaging and tertiary packaging. On the basis of product type, segmentation goes as gift boxes containers, ribbons and bows, gift sacks, gift bags, wrapping paper, tissue paper and shreds, cell phone overwrap and bags, gift card and money holders and others.

By materials, global gift packaging market includes plastics, paper and paperboard, metals, glass and others. By geography, gift packaging market is segmented into North America, Europe, Asia Pacific, MEA and Latin America. Corrugated packaging has risen by leaps and bounds in UK and by far is the most widespread mode of packaging in the industry.

Asia Pacific leads market with rise in GDP and increasing disposable incomes with an increased consumer base and India and China portray countries with gregarious markets and having exposure to maximum spending. As per news article dated August 2016, gift packaging market in US is leading with gifting of candies and chocolates with elaborate packaging and gifts being doled out to far-flung relatives and online retailers have faster transactions with free delivery and shipment. Key industry players include Smurfit kappa group, Packlyn Ltd, Shenzen Fuxiang gifts & packaging gifts, Interpak, Ebro Color GmbH.




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