Gift Packaging Market Report 2023-2028 | Industry Size, Trends, Share, Growth and Opportunities

The latest report by IMARC Group, titled "Gift Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global gift packaging market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

Gift packaging refers to the art and process of creatively enclosing and presenting gifts in an aesthetically pleasing and appealing manner. It is an integral part of the gifting experience, adding an extra layer of thoughtfulness and care to the gesture of giving. The primary objective of gift packaging is to enhance the visual appeal of the gift, making it more attractive and captivating to the recipient. Gift packaging can take numerous forms, from simple wrapping papers and ribbons to elaborate and customized gift boxes. It often involves using high-quality materials such as premium paper, foils, fabrics, and decorative elements like bows, stickers, and tags. It can also be tailored to suit different occasions, themes, and individual preferences. It helps protect the gift from damage during transit and handling. Additionally, the surprise is heightened when the recipient unwraps the gift, adding excitement and anticipation to the exchange. In the commercial context, businesses leverage gift packaging as a marketing tool to elevate their brand image and create a memorable experience for their customers. Customized and branded packaging can reinforce brand recognition and leave a lasting impression on the target audience. As a result, gift packaging finds extensive applications in personal celebrations, corporate gifting, and marketing promotions across the globe, enhancing the overall presentation and impact of the gifts exchanged.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gift-packaging-market/requestsample

Gift Packaging Market Trends and Drivers:

The global gift packaging market is primarily driven by the escalating demand for attractive and innovative solutions due to the prevalent culture of gift-giving on various occasions such as birthdays, weddings, festivals, and corporate events. Moreover, the increasing exchange of gifts owing to rapid globalization, as it connects people across borders, is positively influencing market growth. Along with this, the rising consumer spending on premium and customized gift packaging options on account of rising disposable incomes and improving living standards in emerging economies is propelling the market growth. Additionally, the rapid proliferation of the e-commerce industry worldwide and the surge in online gifting trends are creating new avenues for gift packaging companies to cater to a broader customer base, thereby favoring the market growth. Besides this, the shifting inclination of businesses to incorporate gift packaging as part of their branding strategies and customer engagement initiatives has catalyzed market growth. Apart from this, the rising consumer preference for eco-friendly and sustainable packaging solutions due to the growing focus on environmental conservation has accelerated the adoption of eco-conscious gift packaging materials. Furthermore, continuous innovations in packaging design and materials, such as personalized packaging, reusable gift wraps, and technologically enhanced presentations, are contributing to the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

Ribbons
Wrapping Papers
Containers
Boxes
Others

Breakup by Material:

Paper and Paperboards
Plastic
Glass
Others

Breakup by Packaging:

Primary Packaging
Secondary Packaging
Tertiary Packaging

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Competitors Landscape with Key Players:

DS Smith plc
Ebro Color GmbH
Hallmark Cards Inc.
IG Design Group plc
International Packaging Corporation
Karl Knauer KG
Mondi plc
POL-MAK
Smurfit Kappa Group plc
Yama Ribbon & Bows Co. Ltd

Explore Full Report with TOC: https://www.imarcgroup.com/gift-packaging-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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