India Gift Cards Market Report 2025-2034: Growth, Trends & Forecast

According to a new report by Expert Market Research (EMR), the India gift cards market is expected to grow at a CAGR of 18.00% during the forecast period of 2025-2034. This growth is primarily driven by the increasing popularity of digital gifting and the widespread use of gift cards in the corporate sector, both of which are contributing to the market's rapid expansion.

Gift cards, commonly referred to as gift vouchers, are prepaid cards that can be redeemed for goods and services at designated stores or affiliated outlets. These cards are gaining immense traction as a preferred gifting option across personal and professional domains, thanks to their ease of use, convenience, and flexibility.

Get a Free Sample Report With Table of Contents: https://bitl.to/4o7a

Market Growth Insights

The India gift cards market is experiencing substantial growth, driven by the rapid expansion of the country's digital infrastructure and increasing smartphone and internet penetration. As more consumers shift towards e-commerce platforms for their shopping needs, the demand for convenient and flexible payment options like gift cards is surging. This shift in consumer behavior is further supported by rising disposable incomes, which enable individuals to spend more on gifting solutions that offer variety and ease.

In parallel, businesses across industries are adopting gift cards as strategic tools for customer engagement, employee rewards, and promotional campaigns. With an increasing emphasis on personalised experiences and loyalty-building programs, companies are leveraging gift cards to enhance brand connection and retention. The dual appeal of gift cards-offering value to consumers and businesses alike-is positioning the market for long-term exponential growth, making it a key segment in India's evolving retail and fintech landscape.

Key Market Drivers

One of the main factors propelling the market is the rising shift towards digital gifting solutions. In an age dominated by e-commerce and online transactions, gift cards provide a seamless gifting experience, allowing recipients to pick what they truly want. This flexibility is a major driver for their adoption among both individual consumers and corporate buyers.

In addition, the increasing usage of gift cards in corporate environments-such as for employee rewards, client appreciation, promotional activities, and customer retention programs-is significantly contributing to market demand. Businesses are leveraging gift cards as effective tools to enhance employee morale and drive customer loyalty.

Gift cards' versatility across a wide range of sectors including retail, electronics, fashion, food, and entertainment further boosts their appeal. Their wide acceptance makes them a practical and appealing gift choice for consumers who value variety and convenience.

Emerging Market Trends

Technological advancements are playing a transformative role in reshaping the landscape of the India gift cards market. With the integration of gift cards into mobile applications and digital wallets, the process of purchasing, sending, and redeeming gift cards has become more seamless and efficient. This ease of access is especially appealing to digitally-savvy consumers, particularly millennials and Gen Z, who prioritize convenience, speed, and flexibility in their shopping and gifting habits. As a result, digital gift cards are witnessing higher adoption compared to their physical counterparts.

One of the notable trends driving market engagement is the rise of personalisation and customisation in gift cards. Many retailers and platforms now offer options for users to add personalised messages, select themed designs, or choose from a variety of card templates. This feature adds an emotional value to the gift, making it feel more thoughtful and tailored to the recipient, even when purchased digitally.

Furthermore, India's culturally rich and diverse festive calendar-including occasions such as Diwali, Eid, Christmas, Raksha Bandhan, and weddings-significantly boosts demand for gift cards. These celebrations often call for last-minute gifting, and gift cards serve as a practical, versatile solution, further establishing their place in modern Indian gifting culture.

Read Full Report With Table Of Contents: https://bitl.to/4i11

India Gift Cards Market Segmentation

Market Breakup by Card Type:

Closed-Loop Card
Open-Loop Card

Market Breakup by Product:

Digital Gift Card
Physical Gift Card

Market Breakup by Business Type:

Business to Business (B2B)
Business to Consumer (B2C)

Market Breakup by Application:

Food and Beverages
Health, Wellness, and Beauty
Apparel, Footwear, and Accessories
Books and Media Products
Consumer Electronics
Restaurants and Bars
Kids Products
Others

Market Breakup by Distribution Channel:

Retail
Corporate
Others

Competitive Landscape

The EMR report provides insights into the market shares, production capacities, investments, plant expansions, and recent mergers and acquisitions of the major players in the India gift cards market. Some of the key companies profiled include:

Plasto Cards Private Limited
Creative Cards & Solutions
Creation Technics India Private Limited
Plastic Loyalty Cards
Arahan Infotech
Others

Media Contact:

Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
Aus. Site: https://www.expertmarketresearch.com.au/

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organization's future success by acquiring one of our Expert Market Research reports today.

This release was published on openPR.