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Party supplies Market Opportunities, Share, Growth and Competitive Analysis and Forecast 2029
Party Supplies Market Analysis and SizeParty supplies are specialty products which include everything from tableware to banners and balloons. Technological advancements, product innovations among the market players, along with expansion of business to attract new customers are expected to drive the growth of the party supplies market. Moreover, the mounting demand for wedding planning services and event management represent one of the major factors which drive the market. Also, growing trend of theme parties overall the globe is propelling the demand of party supplies in the market.
Global party supplies market was valued at USD 15,121.75 million in 2021 and is expected to reach USD 30800.90 million by 2029, registering a CAGR of 9.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
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Party Supplies Market Regional Analysis/Insights
The party supplies market is analysed and market size insights and trends are provided by country, product, application and distribution channel as referenced above.
The countries covered in the party supplies market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the party supplies market in terms of revenue and share of market during the forecast period of 2022-2029. The market growth over this region is due to the upsurge in co-ed life-event party celebrations, such as pre-wedding gender-segregated bachelor, post-wedding couple's showers and bachelorette parties.
Asia-Pacific on the other hand, is projected to show lucrative growth during the forecast period of 2022-2029, due to the growth in the popularity of several events such as celebration of various festivals, wedding functions, birthday parties, and other events in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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