The global gift boxes market is expected to accumulate US$ 1,897.2 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6.2% has been projected for the market, with an expected closing value worth US$ 3,459.3 Million.
“The need for Gift Boxes is boosted by the growing popularity of the e-commerce sector in industrialized nations like the United States and Germany and the growing demand for the expansion of the gift box packaging industries.”
The gift boxes market is experiencing a trend towards the development of eco-friendly and sustainable packaging solutions. This has led to the use of recycled and biodegradable materials, as well as the development of new manufacturing processes that reduce the environmental impact of gift boxes.
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Due to the widespread use of food and drink items like toys, ice cream, chocolate, and wine, gift boxes are in high demand. When food products are presented in gift boxes, they look more glossy and enticing.
In addition to these items, gift boxes are also used to package jewelry, electronics, toys, artwork, personal care products, cosmetics, and other commodities. The most popular materials used to construct gift boxes are paperboard, plastic, tin, and aluminum.
The basic and primary role of the Gift Boxes for Women is to provide complete protection to the item inside but in a beautiful appearance. Apart from protection, it should always be appealing enough to create curiosity.
Gift Boxes – Market Dynamics
There are some factors that contribute to the growth of the gift box market, and e-commerce is one of them. The increase in the e-commerce market plays a significant role in the growth of the gift box packaging industries because they use gift boxes for the purpose of packaging the goods to provide the safe delivery of the product. Gift boxes are no longer used only for the purpose of protecting the product from damage, but it has some special quality such as durability, reusability, and attractive look. Due to some better characteristics as compared to alternatives, gift box market is gaining popularity throughout the global market. Few alternative options are available in the market for gift packaging such as wrapper paper, bag etc. Over the past few years, the e-commerce industry has emerged tremendously which has positively impacted the market for gift boxes.
In addition to, paper or corrugated gift box is on trend due to their sustainability, and eco-friendly nature because they are easily recyclable and degradable. Furthermore, the factor which are contributing to the growth of gift box market is the rise in per capita income of consumers which has increased the investment of income on the gift. The logistics and transport market is expanding at a high pace and is emerging as an opportunity for future growth of the global box packaging market.
Gift Boxes Market – Regional Outlook
The gift Boxes Market has been segmented on the basis of the region into North America, Latin America, Asia Pacific, Europe, and the Middle East. Among these regions, North America and Asia Pacific are expected to witness high growth in the gift boxes market. In Asia Pacific, China is anticipated to be the largest market for gift boxes because of the increasing trends towards aesthetics and convenience in packaging. Above-average growth is expected in the Middle East and Africa for gift boxes market over the forecast period 2017-2025. Emerging economies across the globe have seen an increase in per capita income which is positively influencing the preferences for the usage of luxury packaging solutions such as gift boxes.
Gift Boxes Market – Key players
Few of the key players in the global gift boxes market are Qingdao Hongrui Industry Co. Ltd, Shenzhen Fuxiang Gifts & Packaging Co. Ltd, Bayley’s Boxes, Varanna Industries, Shanghai Xianrong Packing Co., Ltd., Om Express Print Pack Private Limited, Valtenna Industria Cartotecnia, and Shenzhen Tianya Paper Products Co.,Ltd.
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The report covers exhaustive analysis on:
- Global Gift Boxes Market Segments
- Global Gift Boxes Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Gift Boxes Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Gift Boxes Market
- Global Gift Boxes Market Current Trends/Issues/Challenges
- Competition & Companies involved in Gift Boxes Market
- High Altitude Aeronautical Platform Stations Technology
- Value Chain of High Altitude Aeronautical Platform Stations
- Global Gift Boxes Market Drivers and Restraints
Regional analysis for Global Gift Boxes Market includes
- North Gift Boxes Market
- US
- Canada
- Latin America Gift Boxes Market
- Argentina
- Mexico
- Brazil
- Rest of Latin America
- Western Europe Gift Boxes Market
- Germany
- France
- K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe Gift Boxes Market
- Poland
- Russia
- Asia Pacific Gift Boxes Market
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
- Japan Gift Boxes Market
- Middle East and Africa Gift Boxes Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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