Global Party Supplies Market Size (2022-2030) Share, Industry Trends, Growth, Challenges, and Forecast: Custom Market Insights

The Global Party Supplies Market Size was valued at USD 12857 million in 2021 and is expected to reach USD 15324 million in 2022 is estimated to reach USD 23543 million by the end of 2030 at a CAGR of approximately 9.8% during the forecast period 2022-2030.

The heavy consumption of party materials worldwide has led to increased demand and supply of party supplies in the market. In addition, the increasing trend of social gatherings and parties, which are followed by youngsters mainly residing in urban cities, has boosted the demand for party supplies to a great extent.

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The Party Supplies Market: Overview

The vast number of people who tend to organize social gatherings or parties within the vicinity of their homes has also boosted the demand and supply of Party materials to a great extent. The various party materials demanded in the market include balloons, plates, banners, games, and other home decor items that need to be arranged to set the ambiance according to a social gathering that will drive the market growth. Multinational companies concentrate majorly on conducting multiple social groups that help to release the stress of the employees who work for long hours on weekdays.

The youngsters working in multinational companies majorly have a habit of attending social gatherings and office parties, increasing the demand for such party materials. The pandemic outbreak had a considerable impact on the growth of the party supplies market due to the multiple rules and regulations imposed by the government, which led to the shutting down of several small-scale industries and retailers in the market. The rapid increase in the number of parties held within the household during the pandemic helped the need to record considerable revenue during the period of the pandemic.

The Party Supplies Market: Growth Factors

The heavy consumption of party supplies observed in the urban areas emerges as a significant growth factor for the market. In addition, key market players in metropolitan regions have also emerged as a substantial growth factor for the party supplies market.

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The presence of supermarkets and hypermarkets in the cities, which provide a wide variety of party supplies belonging to various brands, has emerged as a significant opportunity for the growth of the party supplies market, which is expected to continue similarly during the future as well.

The increasing trend of social gatherings and office parties held by multinational companies for their employees has boosted the demand for various consumables and materials required for organizing a party. These multiple reasons have emerged as the growth factors for the party supplies market, which will tend to increase considerably over time.

The Party Supplies Market: Recent developments

In July 2020 - A leading market player from the USA, Amazon.com, which functions with the help of e-commerce and cloud computing, joined hands with multiple retail party suppliers to provide seamless services during the pandemic.

The Party Supplies Market: Regional Insights

Based on geography, the region of North America has emerged as the largest segment for party supplies due to the heavy consumption of disposables and party goods. Furthermore, the increasing trend of social gatherings held by the commercial sectors and multinational companies to release the stress suffered by the people working for long hours is helping the party supplies market to record considerable revenue over the period. In addition, the increasing trend of parties held within the vicinity of a household is helping to boost the demand and supply of party products in the market.

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The existence of supermarkets and hypermarkets in developed nations such as North America provides a wide variety of brands and materials to the people, which emerges as a significant growth factor for the party supplies market.

In addition, supermarkets and hypermarkets provide various offers and deals on party products and food items, which increases the demand and supply for premium party supplies in the market.

The Party Supplies Market: Key Players

Hallmark Licensin LLC.
Artisano Designs
American Greetings Corporation
Chinet
Martha Stewart Living Omnimedia Inc.
Party City Holdco Inc.
Pioneer Worldwide
Unique Industries Inc.
Oriental Trading Company (OTC)
Shutterfly Inc.

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The Party Supplies Market: Segments

By Product

Tableware and disposables
Balloons
Banners
Games
Pinata
Home décor
Take away gifts
Others

By Application

Domestic use in
Commercial use

By Distribution Channel

Supermarkets
Hypermarkets
Specialized stores
Convenience stores
E-commerce
Others

The Party Supplies Market: Regions

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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This release was published on openPR.