LATAM Party Supplies Market Revenue to Boost Cross $2,910.7 Million by 2032, Growing a CAGR of 8.8% From 2023-2032

𝐓𝐡𝐞 𝐋𝐀𝐓𝐀𝐌 𝐩𝐚𝐫𝐭𝐲 𝐬𝐮𝐩𝐩𝐥𝐢𝐞𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐰𝐚𝐬 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐚𝐭 $𝟏.𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐 𝐚𝐧𝐝 𝐢𝐬 𝐚𝐧𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐞𝐝 𝐭𝐨 𝐠𝐞𝐧𝐞𝐫𝐚𝐭𝐞 $𝟐.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟖% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟐.

According to a new report published by Allied Market Research, titled, "LATAM Party Supplies Market by Product type, Application, Distribution Channel, and Country: Opportunity Analysis and Industry Forecast, 2022-2031," The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porter's Five Forces, and competitive scenario.

Request for Downloadable Sample Report: https://www.alliedmarketresearch.com/request-sample/287984

Party supplies are materials that are required for a party or event. They include various decorative materials such as balloons, games, pinatas, tableware, banners, and others. The party supplies market is experiencing exponential growth due to emerging fashion and trends. There has been a lot of innovation and utilization of party supplies as accessories, wherein the items are designed according to the occasion.

The leading brands produce supplies for occasions such as birthdays, graduations, anniversaries, Christmas, Halloween, and others. In addition, expansion of distribution channels, such as online stores, supermarkets, hypermarkets, specialized store, and others, has made these party supplies become easily available to customers, thereby contributing to the LATAM party supplies market demand.

Therefore, social distancing and minimum gathering have led to cancellation of various events and parties, thereby leading to loss in sales of various party supplies in terms of value sales. Thus, restricting the LATAM party supplies market growth.

The LATAM party supplies market is segmented into product type, application, distribution channel, and region.

By product type, the market is classified into balloons, banners, pinatas, games, tableware/disposables, home decor, take away gifts, candles, gift wrap and others. Based on application, the market is divided into commercial use and domestic use. Based on distribution channel, the market is divided into supermarket/hypermarket, convenience stores, specialized stores, e-commerce, others. Country wise, the market is analyzed across Mexico, Chile, Brazil, Colombia, Peru, and Rest of LATAM.

By product type, the home decor segment held the highest market share in 2022, accounting for more than one-fifth of the LATAM party supplies market and is estimated to maintain its leadership status throughout the forecast period. Home decor is one of the key decorative elements in parties and events.

It is used for decoration purposes to make the space aesthetically pleasing. In addition, it has become the highlight of events and parties. Moreover, commercial end-users look for innovative lights and decorative items to make their parties & events more attractive & pleasing. This, in turn, fuels the growth of the party supplies market in terms of value sales.

Complete Report is Available: https://www.alliedmarketresearch.com/checkout-final/86f6604bb08ce164db852b7d5c48bde8

By application, the domestic use segment held the major share in 2022, generating more than two-thirds of the LATAM party supplies market, and is estimated to maintain its leadership status throughout the forecast period. Rise in trends of party celebration, such as pre-wedding, divorce party, baby shower, housewarming, post birthday celebration, pre birthday celebration, single dance party & mixer, and others, has driven the growth of the party supplies market in terms of value sales.

Moreover, birthday parties transformed during the COVID-19 pandemic as customers are using video conferencing apps to celebrate their birthdays. They transform their living rooms into themed parties by using party balloons, banners, fairy lights, and others to cheer their children.

By distribution channel, the supermarket/hypermarket segment held the major share in 2022, generating more than one-third of the LATAM party supplies market, and is estimated to maintain its leadership status throughout the forecast period. The supermarket/ hypermarket is gaining high popularity, owing to the availability of a broad range of consumer goods under a single roof, ample parking space, and convenient operation timings.

Moreover, increase in urbanization, rise in working class population, and competitive pricing boost the popularity of supermarket/hypermarkets in developed and developing regions. Furthermore, these stores offer a variety of brands in several product categories, including party supplies.

Based on country, Brazil held the highest market share in terms of revenue in 2022, accounting for more than two-fifth of the LATAM party supplies market and is estimated to maintain its leadership status throughout the forecast period. Brazil is the country's vibrant and dynamic carnival culture.

Brazil is globally renowned for its elaborate and exuberant carnival celebrations, attracting millions of participants and spectators every year. The festive spirit of carnival, characterized by colorful decorations, costumes, and lively music, has a lasting impact on the demand for party supplies throughout the year.

Some of the key players profiled in the LATAM party supplies market analysis include Balões São Roque, Festas e Fantasias, Sempertex De Colombia SAS, Grupo Junco, Regina Indústria e Comércio SA, Big Surprise, Globos Payaso, Tilly of Guatemala S.A., Festcolor, Argos Limited, and Cotillón Otero.

Want Full Report? Enquire Here: https://www.alliedmarketresearch.com/purchase-enquiry/287984

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐅𝐨𝐫 𝐒𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ The report provides a quantitative analysis of the current LATAM party supplies market trends, estimations, and dynamics of the market size from 2022 to 2032 to identify the prevailing opportunities.
○ The Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis and the market size and segmentation assist to determine the prevailing LATAM party supplies market opportunities.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ U.S. K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/u-s-k-pop-events-market-A77699

○ UK K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/uk-k-pop-events-market-A77703

○ Music Event Market is projected to reach $481.4 billion by 2031
https://www.alliedmarketresearch.com/music-event-market-A08029

○ Canada K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/canada-k-pop-events-market-A77700

○ Mexico K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/mexico-k-pop-events-market-A77701

○ Europe K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/europe-k-pop-events-market-A77702

○ France K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/france-k-pop-events-market-A77704

○ Germany K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/germany-k-pop-events-market-A77705

○ Italy K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/italy-k-pop-events-market-A77706

○ Spain K-pop Events Market Opportunity Analysis and Industry Forecast, 2022-2031
https://www.alliedmarketresearch.com/spain-k-pop-events-market-A77707

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog:
https://blog.alliedmarketresearch.com/consumer-goods

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.



Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.