The global gift set market is highly fragmented with major players concentrated in major developed countries such as the United States. North America is expected to account for nearly 23% of the gift set market in 2022
NEWARK, Del, Aug. 30, 2022 (GLOBE NEWSWIRE) — The global gift set market is expected to reach a valuation of US$3,459.3 million, with sales growing at a positive CAGR of 6.2% over the period. forecast from 2022 to 2032 Expected to reach approximately US$ 1,897.2 million by the end of 2022, the gift box market is driven by the growing popularity of e-commerce and the resulting surge in demand for the development of the gift box packaging industry.
Over the past few years, the e-commerce industry has reached new heights of popularity and market penetration. This has had a tremendous impact on the packaging industry as a whole, but more specifically on the growth of the gift box packaging market. These boxes are in high demand due to the expanding gift culture, the rise of e-commerce and the fact that gift boxes guarantee the safe delivery of the gift item. Food and drink products like chocolate, ice cream, wine, sweets and many more are widely used as gifts all over the world. Gift boxes not only ensure the safety of these products, but also make them look luxurious and attractive. Other products like jewelry, toys, cosmetics and personal care items, electronic devices are also packaged and delivered in gift boxes.
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Additionally, the benefits associated with gift sets such as durability, reusability, protection against damage, and attractive appearance are further propelling the gift set market. Limited gift wrapping options and poor quality alternatives benefit the gift box market immensely. Additionally, due to growing environmental awareness and sustainability efforts, paper and cardboard gift boxes are gaining traction due to their recyclable and degradable properties. All these factors favor a positive growth environment for the gift sets market over the projected period.
“Advancing e-commerce industry, growing gift culture and availability of fewer alternatives are some factors that will boost the outlook for the gift set market over the forecast period,” says an IMF analyst. .
Key points to remember:
The sustainability and eco-friendliness of gift boxes are driving the growth of the market.
Strict government regulations related to food safety may discourage the expansion of the gift set market.
In 2022, North America is expected to hold 23% of the overall market share.
The gift set market in Europe is expected to show remarkable growth over the assessment period.
Startups focus on product development and launches during the forecast period.
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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 and Shenzhen Tianya Paper Products Co., Ltd ., among others, are some of the key players in the Gift Box market which are profiled in the full version of the report.
Major players in the market are focusing on new product launches and development. These companies use strategies such as acquisition and mergers to strengthen their presence in the market.
Key segments covered by the Gift Box Industry Survey
By raw material:
By end use:
Gift boxes for consumer goods
Food and Beverage Gift Sets
Bakery & Confectionery
Gift boxes for electronic devices
Gift sets for cosmetics and personal care products
By product type:
Slip-Sleeve Gift Boxes
Telescopic Gift Boxes
By printing technology:
Lithographic Printed Gift Boxes
Gift boxes printed in flexography
Gift boxes printed by electrophotography technology
Dry Toner Printed Gift Boxes
Liquid Toner Printed Gift Boxes
Gift boxes printed by inkjet photography technology
Other Printed Gift Boxes
Middle East and Africa
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1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Analysis of the technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Market Context
4. Global Gift Boxes Market Analysis 2017-2021 and Forecast, 2022-2032
The table of contents continued…!
More information about the Gift Boxes market report
In its latest report, FMI offers an unbiased analysis of the global Gift Boxes market, providing historical data from 2016 to 2021 and forecast statistics from 2021 to 2031. To understand the potential, growth, and scope of the global market, the market is segmented on the basis of raw materials (plastic, paper, others), end use (consumer goods, food and beverages (bakery and confectionery, alcoholic beverages, frozen desserts, others), electronic devices, cosmetics and personal care products), product type (side pocket gift boxes, telescopic gift boxes), printing technology (lithography printed gift boxes, flexo printed gift boxes, electrophotography technology printed gift boxes, dry toner printed gift boxes, gift boxes printed by liquid toner, gift boxes printed by inkjet photography technology cre, other printed gift boxes), and region.
According to the latest IMF reports, based on the region, the gift set market in North America is expected to account for around 23% of the global market share by the end of 2022. The higher consumer purchasing power coupled to multiple gifting occasions in a year is driving the growth of the regional market. Again, the plastic ban in many states in the United States also complements the growth of the gift box market.
In Europe, the gift set market is expected to exhibit notable growth over the forecast period. The regional market is expected to acquire around 29% of the overall market share in 2022. Packaging needs, high quality and affordable packaging and better delivery systems are driving the growth of the market in Europe.
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