Gift Packaging Market

Market Overview:

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.

Gifts are utilized to express gratitude towards family, friends, clients, etc., and to build a strong bond with them. Gift packaging refers to enclosing a present in a specific material to enhance its aesthetic value. Some of the commonly available packaging materials include gift boxes, sacks, bags, ribbons and bows, etc. These products are offered in several shapes, sizes, and colors to meet the individual requirements of the end users.

Gift Packaging Market Trends:

The emerging trend of gifting on different occasions, including farewell parties, birthdays, anniversaries, etc., along with the rising purchasing power of individuals is primarily driving the global gift packaging market. In line with this, the increasing penetration of corporate gifting culture as a strategic move amongst companies for promotion and establishing business relations with clients is also propelling the market growth. Additionally, the escalating need for corrugated gift boxes on account of their several beneficial properties, such as reusability, durability, attractive appearance, etc., is acting as another significant growth-inducing factor. Moreover, the emerging trend of minimal aesthetic gift packaging designs emphasizing on essential values is further augmenting the demand for wrapping paper. Apart from this, the introduction of eco-friendly packaging solutions like cloth bags owing to the growing environmental concerns is also stimulating the global market. Furthermore, the increasing requirement for customized and personalized prints, which offer consumers with new dimensions of flexibility, convenience, and design possibilities, is creating a positive outlook for the market. Numerous other factors, including the launch of a variety of gift boxes, such as slide sleeves and telescopic boxes, and the elevating popularity of digital printing solutions, are expected to drive the global gift packaging market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global gift packaging market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, material and packaging.

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
  • 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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Yama Ribbon & Bows Co. Ltd.

Report Coverage: