Party Supplies Market Size is Projected to Reach US$ 21.1 Billion by 2028, Growing at a CAGR of 7.6%

How Big is the Party Supplies Market?

The global party supplies market size reached US$ 13.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.

What are Party Supplies?

Party supplies are a range of items and decorations used to enhance the ambiance and experience of various celebrations and gatherings. They encompass a wide array of items, including balloons, streamers, plates, cups, banners, party favors, and themed costumes. They help create a festive and enjoyable atmosphere that aligns with the theme or purpose of the event. They play a crucial role in setting the mood and adding a sense of excitement in a birthday party, wedding reception, baby shower, or any other special occasion. As they can be tailored to match specific themes or color schemes, ensuring that every detail contributes to the overall aesthetic, the demand for party supplies is rising across the globe.

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What are the growth prospects and trends in the party supplies industry?

The culture of celebrating various occasions, such as birthdays, weddings, holidays, and cultural festivals, represents one of the key factors supporting the growth of the market. People seek to make these moments memorable, leading to increased purchases of decorations and accessories. Besides this, rising disposable incomes in emerging economies enable consumers to allocate a larger budget for celebrations. This trend is propelling the demand for premium and themed party supplies.

Moreover, the proliferation of e-commerce platforms is making it convenient for consumers to browse, compare, and purchase party supplies online. This accessibility is significantly contributing to the growth of the market. In addition, consumers increasingly seek unique and personalized party experiences. Customizable party supplies, such as personalized banners and themed decorations, are in high demand, driving innovation in the industry.

Apart from this, the growing environmental awareness is leading to a demand for eco-friendly party supplies made from sustainable materials. As a result, key manufacturers are responding by offering green alternatives, which is impelling the market growth. Furthermore, the increasing number of corporate events, conferences, and trade shows is offering lucrative growth opportunities to industry investors.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:
• Balloons
• Banners
• Pinatas
• Games
• Home Decor
• Tableware/Disposables
• Others

Breakup by Application:
• Commercial Use
• Domestic Use

Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialized Stores
• Online Stores
• Others

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Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the party supplies Market

American Greetings Corporation
ArtisanoDesigns
Hallmark Cards Inc.
Huhtamäki Oyj
Martha Stewart Living Omnimedia Inc. (Marquee Brands)
MyBirthdaySupplies.in
Oriental Trading Company (Berkshire Hathaway Inc.)
Party City Holdco Inc.
Pioneer Worldwide
Shutterfly LLC
Unique Industries Inc.

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