Party Balloon Market with Emerging Trends and Demand 2019 to 2024: CTI Industries, BELBAL, Pioneer Balloon, Sempertex, Gemar Balloons and more..
Party Balloons are air-tight bags made out of latex a light material or foil that can be inflated with air or other gas. The ordinary air, or other gases such as helium, can be forced into them for expansion purposes. Latex balloons are available in all kinds of shapes, sizes, and colors to delight children and adults at birthday parties and other festive occasions or used as a tool of advertisement.
Some of the leading Companies incorporated in this Research are Latex Occidental, CTI Industries, BELBAL, Pioneer Balloon, Sempertex, Gemar Balloons, Amscan, Colour Way, Xingcheng, Maple City Rubber, Rubek Balloons, Balonevi, Tailloon, York Impex, Hengli Latex Products, BK Latex, Tongle Latex Products, Guohua Latex Products, Xiong County Shaohua Latex Products, Jaya Latexindo Internusa.
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The worldwide market for Party Balloon is expected to grow at a CAGR of roughly 5.2% over the next five years, will reach 300 million US$ in 2024, from 220 million US$ in 2019.
Scope of the Report:
Latex Occidental accounted for 1.846% of the Global Party Balloon sales market share in 2016. Other players accounted for 1.129%, 1.116% including CTI Industries and BELBAL.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin. Despite the presence of competition problems, due to the global recovery trend is slightly, investors are still optimistic about this area; the future will still have more new investment enter the field.
Market Segment by Type, covers
Latex Party Balloon
Foil Party Balloon
Market Segment by Applications, can be divided into
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